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Module 6 Lesson 2 Vocab

AB
Better Business BureauThe BBB is a nonprofit membership organization with chapters throughout North America that are focused on advancing marketplace trust
Consumer ReportsConsumer Reports evaluates products, services, and even insurance.
Consumer Financial Protection BureauThe Consumer Financial Protection Bureau (CFPB) is a regulatory agency charged with overseeing financial products and services that are offered to consumers
Goodsare physical (can be touched), tangible things we produce
Servicesare non-physical (cannot be touched), intangible parts of our econom
Socially Responsiblemeans businesses acting in a manner that benefits society to maximize shareholder value.
Consumer Product Safety Commissionis a government agency that protects consumers from products that may present safety hazards
Customer Serviceis when the seller and buyer are in direct one-on-one interaction with each other in a transaction.
Warrantyis guarantee that a manufacturer or seller makes regarding the condition of its product.


NC

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