16 May Assignment: #1 Consumer Rights & Responsibilities
Read Chapters 1, 3 in the text,view the Power Points and the online resources in the content.
Define the following terms and give an example of each (2 pts. each for definition and 1 pt. each for example) 30 points
- Opportunity Cost—
- Command economy—
- Profit—
- Impulse purchase—
- Puffery—
- Deceptive advertising—
- Persuasive advertising—
- Comparative advertising—
- Consumer—
- Global warming—
II. Answer the following: (5 points each)
- Why are brand products likely to be more expensive?
- What is the difference between puffery and deceptive advertising?
- What is the difference between your life span and your life cycle?
- How is a market economy different from a command economy?
III. Using the information you have learned in this chapter answer the questions.
1. After seeing an advertisement offering to sell used cars at a very low interest rate, Ellen went to the local car dealership to purchase a used car. While looking at the used cars the salesperson continually promised her the advertised low interest rate. Ellen selected a car. As the forms for the sale were being prepared the salesperson informed her that the advertised low rate did NOT apply to the car she had chosen. (10 points)
a. Which deceptive and fraudulent practices were used on Ellen?
2. Also the CPSC has been active in dealing with toy safety. Find on that site the trend in toy recalls. What has been the trend from 2008 and 2014? What was the difference in number of recalls in 2014 compared to 2008? This under Safety Education. (20)
a. Trend—
b. Recalls in 2008
c. Recalls in 2014
c, Difference in number of recalls:
3. What sample letter can you get from the Consumer Action Handbook to help you with certain issues ? __________________
4, What are three steps the Federal Trade Commission gives to avoid hassles in online shopping? (15 points)
a.
b.
c.
5. What is the first thing you should do to try to solve a complaint with a product you have purchased? (5 points)
Be sure to answer all the questions associated with each question.
Submit your answers in the Assignment #1dropbox by the due date.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.