Lesson 2.4
How are wants different from needs? What are some wants that you have?
How do financial resources limit a person’s spending choices?
What is disposable income? How does it affect your spending?
What is meant by rational buying?
Explain why emotional and impulse buying often lead to buyer’s remorse.
What is economizing? How does this buying strategy affect con- sumer demand and prices in a market economy?
List things you can do while shopping to make better purchase decisions.
Explain the importance of keeping receipts after you buy a product.
Discuss things you can do after a purchase to help ensure a better shopping experience now and in the future.
How is systematic decision making related to being financially responsible?
What does it mean to say that a person is financially responsible?
What are the advantages of using a buying plan?
Which of the following is an example of emotional buying?
Which of the following is NOT an example of irresponsible spending?
People with limited financial resources have lots of choices.
A market economy plays a vital role in setting prices.
Which of the following is an accurate description of a motive for emotional buying?
Optimization occurs when:
When planning your purchase, you must:
Clearance sales are when goods are offered at a reduced price for a short period of time.
Comparison shopping helps make the most of the shopping experience.
Which of the following is NOT an important step when creating a buying plan?
A spending limit sets the minimum amount you are willing to pay for an item.
Which of the following is NOT correct? When making a purchase you should:
Should Abdullah choose cars that meet customer needs or wants? Explain your reason.
Abdullah needs to create a buying strategy. Explain whether he should use an economizing or optimizing rational buying strategy.
What factors will be important to consider when doing the comparison shop?
