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Smart Consumer Choices Made Easy: Understanding Factors Influencing Product Purchases

Learn about the various factors that influence consumer decisions when buying products. Explore the impact of cost, preferences, environmental concerns, media, and advertising. Understand the importance of product labels, comparison shopping, guarantees, and unit prices. Discover how to identify fraud and misleading claims. Find ways to save money through coupons and generic brands, making informed choices as a savvy consumer.

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Smart Consumer Choices Made Easy: Understanding Factors Influencing Product Purchases

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  1. April 11, 2018 • Do Now: What are some things that affect a person’s decision to buy certain products? • Obj: LWDAT learn how to understand the different products they buy/use and ways to become a better consumer. • Read & Take notes on Chapter 6 Lesson 3

  2. Consumerism Read & Take notes on Chapter 6 Lesson 3

  3. April 19, 2018 • Do Now: What is a consumer? • Obj: LWDAT learn how to understand the different products they buy/use and ways to become a better consumer.

  4. Choosing Health Products • Consumer: someone who buys products or services • Factors that influences your decisions • Cost • Likes and dislikes • Environmental impact: all-natural, organic or recyclable • Media • Advertisment

  5. Product Label • What the product is intended to do • Gives you directions (how much to use & how often to use it)

  6. Comparison shopping: comparing products, benefits of one product over another • Guarantee: promise to refund your money if the product doesn’t work as claimed • Unit price: cost per unit of weight or volume • Fraud: deliberately trying to trick consumers into buying a product or service • Making misleading claims

  7. Saving Money • Coupons: slips of paper that save you money on certain brands • Generic brand: products that imitate name-brand products but are sold in plain packages • Cost less because the product makers spends less money on advertising

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