6.3. Consumer protection
A subsection of Commerce, 7100, through 6. Sustainability and ethics
Listing 10 of 69 questions
Consumers often need protection from suppliers of goods and services. Explain why consumer protection is needed. State and explain two ways in which governments and non-governmental organisations might offer protection to consumers. Mrs Lara buys most of her food in a small corner shop. She has noticed that she paid 40c for a can of beans but that the supermarket nearby is selling the same brand of beans for 30c. Why is the supermarket able to sell cans of beans more cheaply? Why are many shoppers like Mrs Lara willing to pay higher prices in the small corner shop? It is important that the owner of the small corner shop is insured. Explain this statement, naming two risks against which the owner of the small corner shop should be insured.
7100_s08_qp_2
THEORY
2008
Paper 2, Variant 0
View
For Examiner's Use Clare wishes to buy a home cinema system costing $2500 from a retailer. She could pay for it by credit card or on hire purchase terms. Explain what is meant by the term credit. What benefits may the retailer gain from selling to customers on credit? Which form of credit – credit card or hire purchase - would you recommend Clare to use? Give reasons for your choice. For Examiner's Use Explain why Clare should insure her home cinema system. Name two risks against which she should insure the home cinema system. Risk 1 Risk 2 Explain why Clare might need some consumer protection.
7100_s09_qp_2
THEORY
2009
Paper 2, Variant 0
View
Questions Discovered
69