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Related Flashcards
Cards In This Set
| Front | Back |
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Caveat emptor
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Let the buyer beware.
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Redress
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To set matters right
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Wholesaler
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Buy goods in large quantities from a manufacturer to on-sell
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Acceptance
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When the offeree agrees to the proposal
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Merchantable quality
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A acceptance quality in keeping with product's price
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Retailer
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A person or business that sells products directly to the consumer
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Offer
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Proposal
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Comparison shopping
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Contacting a number of sellers to obtain the best deal
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Drawee
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Th person or organisation typically a bank , who must pay a draft or bill.
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EFTPOS
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Electronic Funds Transfer at Point of Sale
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Cheque
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A written communication instructing your financial institution to make a payment to a person or organisation a specific amount of money,
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Rip off
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To overcharge or swindle
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Wants
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Things that are not essential for survival that we would like to have
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Money
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An agreed value that is accepted as payment in exchange for goods and services
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Manufacturer
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A person or business that makes goods
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