knowledge
Buying decisions are influenced by the prices of other goods, incomes and people’s preference.
application
List the factors that affect people’s buying decisions on sports shoes under different circumstances.
knowledge
When people buy goods or services, their consumption influence others positively or negatively.
application
Elaborate the influence a smoker and a student have on other people and the community.
knowledge
Consumers consider the characteristics of goods when purchasing. If the good is to be used for a long time, consumers need to consider its duration and the cost of its preservation.
application
List the things that a consumer needs to think about when purchasing a car.
knowledge
How commodity prices are shown will also influence consumers’ buying decisions.
application
Explain why stores present the televisions’ daily prices rather than the full ones. List the different kinds of commodity price used by retailers.
knowledge
When people search for information about the commodities and services they buy, they incur costs and benefits from them. The amount of information they gather depends on the costs and benefits.
application
Write an article under the title of “notice on consumption”. Explain why information is so important to buying expensive and durable commodities and services. Explain how to avoid impulse buying.
knowledge
Sometimes people donate money to charities and gain satisfaction from doing so.
application
Have a discussion and make a list of charities related to students. Write down possible reasons why people donate money.
knowledge
To protect consumers from being cheated, governments make regulations asking the stores to provide sufficient information.
application
Write a complaint letter to a company or a retailer about a problem that consumers meet in purchasing.