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 ar... 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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Stokvel
Step 2
1.2.2 Conducting unreasonable practices towards consumers
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Unfair business practice
Step 3
1.2.3 A legal agreement that allows a consumer to rescind a signed contract
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Exemption clause
Step 4
1.2.4 A specific period after signing a contract during which a consumer can cancel
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Cooling-off period
Step 5
1.2.5 a marketing strategy with levels that resemble a pyramid scheme
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Multi-level marketing
Step 6
1.2.6 Products sold in a country without the consent of the manufacturer
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