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Personal Finance - Obj. 6.01 Vocab.

AB
retail storeObtains goods from wholesalers to sell to consumers
service warrantyGuarantees certain quality standards of performance
department storeSells a variety of goods and services in a single store
warehouse club and superOffers price advantages and wide product selection to its members
discount storeSells certain lines of merchandise at below-average prices
consignment storeSells used merchandise at reduced prices
thriftThe quality of being frugal, using resources wisely
specialty storeSell goods and services for specialized purposes
door-to-door salesSalesperson comes to home, either by invitation or not
catalog shoppingShopper calls on telephone to buy goods listed in a catalog
telemarketingSeller calls on telephone to sell goods or services
T-commerceShopping in response to ads on television
E-commerceBuying goods and services on the Internet, including Internet auctions
reliabilityBeing able to depend on a person or business to back up their claims
servicesSpecial consumer features offered by a store or other seller
impulse buyingBuying on the spur of the moment, without planning
warrantyA guarantee that a product will perform up to specified standards; four types are implied, written, full, and limited warranties
estimateA total expected cost, in writing, for performing a service
work orderGives authority to a service provider to perform services
contractLegally binding papers signed by all parties in an agreement
wholesaleObtains goods from suppliers to sell to retailers


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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