knowledge
people get information from different ways when making buying decisions. The quantity and quality of it vary greatly. Some sources provide valuable information while others provide misleading one.
application
Collect some information about electronic products. You can get this information from different sources, such as manufacturer websites, retail store websites, consumer evaluation websites, etc. Figure out what information is most useful for buying decisions. Get information on websites or flyers and look for deceptive sales.
knowledge
Consumers can better judge the quality and usefulness of the information by understanding the intention of the information provider.
application
Explain why the information obtained from salespersons may not be useful.
knowledge
When purchasing goods or services, consumers can choose different methods of payment.
application
Explain how people pay by cash, check, savings card, credit card, mobile phone, online payment, prepaid card, credit, rental and sale.
knowledge
Compare the costs and benefits of different methods of payment and choose the appropriate ones.
application
By comparing the costs and benefits of various methods of payment, choose the appropriate ones for the following kinds of consumption: concert tickets, food sold in convenience stores, airline tickets, telephone charges, drinks sold at the basketball court in the school and cars.
knowledge
A budget includes fixed and variable expenses such as incomes, savings and taxes.
application
Make a monthly budget for the family, including incomes, savings goals and taxes. List the fixed and variable expenses.
knowledge
People will adjust their budgets for unplanned expenses or changes in income.
application
Find ways to adjust your budget when medical expenses, auto repair fees, or income change.