Unit 7 - Caveat Emptor

Rebate

A deduction from a full purchase amount hat is repaid to the consumer

Inventory

A detailed accounting of all the goods in stock

Warranty

A guarantee that is legally binding to the company that issues it

Commentator

A news broadcaster or reporter who adds analysis after reporting

Acting Ethically

Acting within the good principles of society, and within the accepted rules of proper behavior

Odometer

An instrument used to measure the distance traveled by a vehicle

Impulse Buying

Buying without planning or forethought, "on the spot" purchase

Caveat Emptor

Latin phrase means "let the buyer beware", buyer of defective goods cannot hold seller legally responsible

Coupon

Printed certificates which offer the bearer certain financial advantages such as discounts or rebates

Return Policy

Product may be brought back by the purchaser to the seller for an exchange