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Consulting Service
Service of an advisory nature
required to support policy development,
decision-making, administration, or
management of a business or public entity;
generally provided by individuals or
organizations who possess specific
knowledge, technical skills, or unique abilities
not usually available in-house or from within
the entity. See also: Consultant.
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Consumable Item
Material that is expended or
consumed in use and for which no records are
maintained after issue.
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Consumer
A person or entity that purchases
goods or services for personal or its own use,
and not for resale.
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Consumer Grade Product
1. A product designed and sold by a
manufacturer and intended to be used by the
general public
2. Products intended for intermittent use by the
consumer, signifying potential warranty
limitations.
See also: Commercial Grade Product, Industrial
Grade Product.
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Consumer Price Index (CPI)
1. A measure of changes in the average price of
consumer goods and services.
2. A price index constructed monthly by the
U.S. Bureau of Labor Statistics that provides
a statistical measure of the average change
in prices in a fixed market basket of goods
and services. Frequently called a
cost-of-living index.
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Consumer Product Safety Commission (CPSC)
A
federal regulatory agency established in 1972
for the purpose of protecting individuals from
unreasonable risk of injuries or death
associated with the use of a good or service.
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Consumerism
The promotion or protection of the
interests and rights of the buyers of a good or
service.
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Consumption
The purchase and use of goods or
services.
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Consumption Rate
The pace at which items are
used or expended during a given time interval.
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Container
A receptacle used to hold goods
during transport (e.g., railcar, truck trailer).
