Chapter 5 Vocab

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Across
  1. 6. Service that allows a person to direct payment from his or her bank account to companies and individuals
  2. 8. Number of buyers for a product or service
  3. 9. Optional additional warranty offered by manufacturers and third party companies that can be purchased by the consumer
  4. 10. Certificate that grants a discount or even a free good or service to its holder
  5. 16. Advertising that charges the advertiser each time a viewer clicks the link in the advertisement
  6. 19. Price per unit for a product
  7. 20. Arrangement in which a customer receives a good or service in exchange for the promise to pay at a later date
  8. 21. Any arrangement that allows buyers and sellers to meet with the purpose of exchanging goods, services, or information.
Down
  1. 1. Finding the price of an item at two or more stores
  2. 2. Flat rate applied to the sales price of a good or service
  3. 3. physical product
  4. 4. Offer to pay back a portion of the money a customer spent on an item
  5. 5. Agreement where the total amount owed is made in payments over time
  6. 7. Activity of value
  7. 11. Formal agreement between two or more entities, such as people or organizations
  8. 12. Public Promotion of a product, service, business, or event.
  9. 13. Form of currency that can be used online
  10. 14. Extra payment voluntarily made to a worker; also called a gratuity
  11. 15. Type of installment plan where the store sets the item aside while the customer makes payments toward the purchase price
  12. 16. Any card that is presented as payment for a purchase
  13. 17. Type of payment card that is preloaded with funds that can be spent electronically
  14. 18. A guarantee that the item purchased will perform to a certain standard or be free of defects for a specified period of time.