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IMPULSE BUYING



Impulse buying is when you buy something suddenly without planning or thinking it through. This often happens because of emotions, special offers, or the attraction of the item.


EFFECT OF IMPULSE BUYING


  1. It can lead to overspending and affect your budget, causing financial stress.

  2. Frequent impulse purchases might result in accumulating debt if not managed properly.

  3. You might feel regret or disappointment after buying something you didn't need or want.

  4. It can lead to unnecessary accumulation of items that are rarely used or discarded.

  5. It can reduce the amount of money available for savings or important expenses.



AFTER SALES AND SERVICES

After-sales service refers to the support and assistance provided to customers after they have purchased a product or service.




COMMON AFTER SALES AND SERVICES

  1. Helping customers with questions or problems after they’ve bought a product or service.

  2. Fixing or servicing a product if it breaks or needs upkeep.

  3. Handling the process for returning or swapping products if they’re faulty or not right.

  4. Dealing with claims to repair or replace products under warranty.

  5. Providing help with technical issues, such as setting up or troubleshooting.

  6. Offering support for upgrading or improving the product.

  7. Checking with customers to make sure they are happy and to resolve any further issues.




WARRANTY

A warranty is a guarantee provided by a manufacturer or seller that promises to repair or replace a product if it develops faults or defects within a specified period.

It typically covers issues due to manufacturing defects and does not usually include damage caused by misuse or accidents. Warranties help protect consumers by ensuring they receive a functioning product or compensation if problems arise.




INSTALLATION

Installation refers to the process of setting up and configuring a product or system so that it is ready for use.


This can involve assembling parts, connecting components, and performing initial setup procedures. For example, installing software on a computer involves downloading and running an installation program, while installing a home appliance might include connecting it to power and ensuring it is properly set up.




CHECK OTHER RELATED TOPICS HERE


  1. BUSINESS OPPORTUNITIES

  2. CONSUMER RIGHT


  3. RESPONSIBILITIES OF A CONSUMER

  4. SHOPPING TIPS

  5. IMPULSE BUYING


  6. BOOK-KEEPING ETHICS

  7. DUE PROCESS


  8. LEDGER ENTRIES



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