Buying Decisions Make Good Choices
Objectives• Purchasing Choices• Buying Plan
Purchasing Choices• Impulse Buying  – When you do not think about a purchase ahead    of time• Buying Plan  – Evaluate nee...
Step 1      Evaluate Needs and Wants• Think about items you really want or need• Set Criteria  – standards or rules by whi...
Buying PlanNeed/Want     Item           Item Criteria       Timeline   Spending LimitShoes         Tennis shoes   Cushion ...
Step 2             Gather Information• Comparison shopping  – Know your options  – Internet    • Good place to do product ...
Each purchase involves 2 choices     Can you name them?         What to buy       How will you pay
Step 3            Make the Purchase•   Good condition•   Check warranties•   Keep receipts•   Return policy
Step 4   Evaluate the Purchase        • Are you satisfied?• Do you feel good about the $ spent?  • Does it meet the need o...
It’s Your MoneyYou are In Charge!!
Upcoming SlideShare
Loading in …5
×

Buying Decisions - Ch. 7

332 views

Published on

Notes

Published in: Self Improvement, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
332
On SlideShare
0
From Embeds
0
Number of Embeds
11
Actions
Shares
0
Downloads
11
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Buying Decisions - Ch. 7

  1. 1. Buying Decisions Make Good Choices
  2. 2. Objectives• Purchasing Choices• Buying Plan
  3. 3. Purchasing Choices• Impulse Buying – When you do not think about a purchase ahead of time• Buying Plan – Evaluate needs and wants – Gather information – The “Purchase” – Evaluate the purchase
  4. 4. Step 1 Evaluate Needs and Wants• Think about items you really want or need• Set Criteria – standards or rules by which something can be judged – Ex: features, functions, and quality• Set a timeline• Set a spending limit – maximum amount you are willing to pay for an item
  5. 5. Buying PlanNeed/Want Item Item Criteria Timeline Spending LimitShoes Tennis shoes Cushion By Nov. $70 Arch supportCell phone Type of Camera By Dec. $60 phone Keypad textingClothes for Dress/ Pretty/affordable March $200prom tuxedo
  6. 6. Step 2 Gather Information• Comparison shopping – Know your options – Internet • Good place to do product research – Rebate • Refund part of the purchase price of an item – Payment
  7. 7. Each purchase involves 2 choices Can you name them? What to buy How will you pay
  8. 8. Step 3 Make the Purchase• Good condition• Check warranties• Keep receipts• Return policy
  9. 9. Step 4 Evaluate the Purchase • Are you satisfied?• Do you feel good about the $ spent? • Does it meet the need or want?
  10. 10. It’s Your MoneyYou are In Charge!!

×