Practices Such as Misredeeming Coupons, Making Fraudulent Returns of Merchandise

question 72

Multiple Choice

Practices such as misredeeming coupons, making fraudulent returns of merchandise, filing warranty claims after the claim period, and so on are

• A)acceptable provided the merchant providing the service has not violated the Consumer Bill of Rights.
• B)acceptable provided the salesperson doesn't mind.
• C)occasionally permitted when two different firms are competing for a customer's business and both are using equally less than ethical practices.
• D)not acceptable because consumers also have an obligation to act ethically and responsibly.
• E)not acceptable unless the participants are nonprofit organizations or charities.

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Definitions:

Private Ownership

The legal right of individuals or entities to own property, assets, or businesses without governmental intervention.

Means Of Production

The physical, non-human inputs used for the production of economic value, such as factories, machines, and tools.

Circular Flow Model

Goods and services flow from business firms to households in exchange for consumer expenditures, while resources flow from households to business firms in exchange for resource payments.

Supply Products

The activity of making goods available to consumers, often involving manufacturing, distribution, and sale processes.