Consumerism Is The Group of Laws Dealing with Retail Commercial Transactions

question 195

Short Answer

Consumerism is
the group of laws dealing with retail commercial transactions.
the movement that seeks to protect and expand the rights of consumers in their dealings with businesses.
the right to be informed about all aspects of a product.
the right to choose the product.
the right to safe products.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.

Operating Activities

Day-to-day actions and transactions related to running a business, such as selling products, paying wages, and purchasing inventory.

Net Income

The final financial gain of a business after removing all expenses, taxes, and costs from the gross income.

Financing Activities

Transactions and events whereby resources are obtained from, or repaid to, owners (equity financing) and creditors (debt financing).