Money terms

1. This law provides consumers who buy a new automobile or motor home with significant defect that cannot be repaired, or is a lemon, can obtain relief, through a cash refund or replacement.
2. A statement made by a manufacturer or seller of a product or service concerning the responsibility of quality, characteristics, and performance of the product or service.
3. Any business practice which is considered unethical or illegal.
6. Looking at different brands and models of the same item in various stores to compare prices, quality, features, and store services before buying.
7. A market situation where only one company produces the entire output of an industry.
8. Repair or replacement must be free, in a reasonable amount of time.
9. A Federal agency formed to protect against false advertising, illegal sales schemes, and unfair trade practices.
12. Non-profit organization the provides consumers with information about a company’s consumer complaint record.
13. Surplus products purchased from many different manufacturer and then labeled with black & white labels.
16. A product that does not meet the standard requirements. It is sometimes labeled irregular and may contain minor flaws or imperfections.
18. A brand owned by a particular store or chain of stores. For example: Albertson’s

1. May require the consumer to pay labor fees or handling charges and shipping.
4. Unplanned consumer purchases, usually done on the spur of the moment- usually involving items on display or at reduced prices.
5. The amount of goods and services available for sale at various prices at stated times.
9. A federal agency that sets and enforces safety standards for food, drugs, and cosmetics. Tests new drugs before they are put on the market.
10. The basic items a person must have to survive.
11. Work such as repairs, personal grooming, house cleaning, transportation. Also professional services such as doctors, lawyers, teachers, etc.
14. Anyone who uses or buys goods or services.
15. A brand name that is widely recognized and sold in many different stores. Because of extensive advertising, the name is associated with quality.
17. Those who provide the supply of goods and services to meet consumer demands.