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ECONOMICS UNIT 2
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BETTER BUSINESS BUREAU
THE PRIMARY PURPOSE OF THE BUREAUS IS TO PROMOTE HONEST ADVERTISING AND ETHICAL BUSINESS PRACTICES.
NECCESSITIES
A GOOD OR SERVICE THAT WE CANNOT DO WITHOUT
BRAND NAME
SLICK ADVERTISING SLOGANS THAT POP INTO OUR MINDS AS WE REACH FOR A PRODUCT
STOCK
A SHARE IN THE OWNERSHIP OF A CORPORATION.
APR ( ANNUAL PERCENTAGE RATE)
THE PERCENTAGE COST OF CREDIT ON A YEARLY BASIS
VARIABLE EXPENSES
ONE THAT MAYBE INCREASED OR DIMINISED AND THAT IS NOT NECESSARY
BENEFICIARY
AN INDIVIDUAL NAMED IN AN INSURANCE POLICY TO RECEIVE INSURANCE BENEFITS
TRUTH- IN LENDING ACT
THIS FEDERAL LAW REQUIRES THE LENDER TO TELL THE BORROWER EXACTLY HOW MUCH IT WILL COST TO BORROW, INCLUDING ALL EXTRA CHARGES.
LUXURIES
A DESIRED GOOD OR SERVICE THAT IS NOT NECESSARY.
CONSUMER
A PERSON WHO BUYS OR USES GOODS OR SERVICES
PACKAGING
A MARKETING TECHNIQUE TO INCREASE SALES OF A PRODUCT BY GIVING THE PRODUCT A COLOR, SHAPE, OR DESIGN THAT APPEALS TO CONSUMERS
GENERIC NAME(DRUG)
A DRUG IDENTIFIED BY ITS CHEMICAL INGREDIENTS RATHER THAN BY A BRAND NAME
HEALTH INSURANCE
PROTECTION TO HELP PAY FOR HOSPITAL, MEDICAL , AND DRUG COSTS.
TRUTH- IN PACKAGING & LABELING ACT
REQUIRED THAT PACKAGES OF MOST PRODUCTS BE CLEARLY LABELED
KEEPING UP WITH THE JONESES
BUYING THINGS SO AS TO APPEAR TO BE ON THE SAME ECONOMIC AND SOCIAL LEVEL OF ONE'S FRIENDS AND NEIGHBORS.
BUDGET
A PLAN FOR DEALING WITH FUTURE INCOME AND EXPENSES.
LEMON LAWS
LEGISLATION DESIGNED TO PROTECT CONSUMERS FROM UNKNOWINGLY BUYING A DEFECTIVE VEHICLE.
Author
raragon972
ID
168130
Card Set
ECONOMICS UNIT 2
Description
VOCABULARY WORDS
Updated
2012-08-30T15:17:30Z
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