Flashcards - Fundamentals of Consumer Economics

Flashcards - Fundamentals of Consumer Economics
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Consumer protection
Consumer protection is a group of laws and organizations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace
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Product advertising
Product marketing is the process of promoting and selling a product to an audience
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Consumer preference
The theory of consumer choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves
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6 cards in set
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Consumer preference
The theory of consumer choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves
Product advertising
Product marketing is the process of promoting and selling a product to an audience
Consumer protection
Consumer protection is a group of laws and organizations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace
strict liability
In law, strict liability is a standard for liability which may exist in either a criminal or civil context
consumer
A consumer is a person or organization that uses economic services or commodities
information search
The information search process is a six-stage process of information seeking behavior in library and information science

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