KOSSA Consumer & Family Management Exam Questions and Answers 100% Solved

KOSSA Consumer & Family Management Exam Questions and Answers 100% Solved Repossessed Retake possession of (something) when a buyer defaults on payments. Manager A person responsible for controlling or administering all or part of a company or similar organization. Loss Leader A product sold at a loss to attract customers Competitive pricing setting the price of a product or service based on what the competition is charging Bait and switch the action (generally illegal) of advertising goods that are an apparent bargain, with the intention of substituting inferior or more expensive goods Pyramid scheme a form of investment (illegal in the US and elsewhere) in which each paying participant recruits two further participants, with returns being given to early participants using money contributed by later ones Competition the activity or condition of competing Labor work, especially hard physical work. Reliability The degree to which the result of a measurement, calculation, or specification can be depended on to be accurat