ONE TERM for each of the following descriptions. Write only the term next to question numbers (1.2.1 to 1.2.6) in the ANSWER BOOK. 1.2.1 All members contribute and are paid by the scheme 1.2.2 Conducting unethical practices towards consumers 1.2.3 Exemption clause that allows you to cancel a transaction 1.2.4 A period during which you can cancel a contract 1.2.5 Multi-level marketing/ Tiered level/ Legal pyramid scheme 1.2.6 Products sold in a country without the consent of the manufacturer

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ONE TERM for each of the following descriptions - NSC Consumer Studies - Question 1 - 2023 - Paper 1

Question 1

ONE TERM for each of the following descriptions. Write only the term next to question numbers (1.2.1 to 1.2.6) in the ANSWER BOOK. 1.2.1 All members contribute and ... show full transcript

Worked Solution & Example Answer:ONE TERM for each of the following descriptions - NSC Consumer Studies - Question 1 - 2023 - Paper 1

Step 1

1.2.1 All members contribute and are paid by the scheme

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114 rated

Answer

Stokvel

Step 2

1.2.2 Conducting unethical practices towards consumers

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104 rated

Answer

Unfair business practice

Step 3

1.2.3 Exemption clause that allows you to cancel a transaction

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101 rated

Answer

Exemption clause

Step 4

1.2.4 A period during which you can cancel a contract

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120 rated

Answer

Cooling-off period

Step 5

1.2.5 Multi-level marketing/ Tiered level/ Legal pyramid scheme

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117 rated

Answer

Multi-level marketing

Step 6

1.2.6 Products sold in a country without the consent of the manufacturer

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121 rated

Answer

Grey goods/ parallel imports

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