Includes: Durability of goods, opportunity cost, the economics of satisfying needs and wants, scarcity of resources, key factors of decision making.
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Created by Alyssa Richards
about 2 years ago
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Close
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Created by Alyssa Richards
about 2 years ago
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What are durable goods & what do we expect of them?
Provide examples
What are non-durable goods?
Provide examples
What is opportunity cost?
Provide examples
What questions are involved in opportunity cost?
How are consumers' needs and wants satisfied?
What are the 4 resources produces use to satisfy consumer needs and wants?
Provide examples
What does scarcity of resources mean?
Why are resources scarce?
Provide examples
How does customer service affect consumer decision making?
( 4 reasons)
How does price affect consumer decision making?
( 3 reasons)
How does location/convenience affect consumer decision making?
( 2 reasons)
How does Marketing affect consumer decision making?
( 3 reasons)
How does Gender affect consumer decision making?
( 3 reasons)
How does Age affect consumer decision making?
( 2 reasons)
How does Finance/Disposable income affect consumer decision making?
( 4 reasons)
What is a disposable income?
How does Environmental factors affect consumer decision making?
( 2 reasons)
How does Social Media affect consumer decision making?
( 2 reasons)
How does Cultural facotrs affect consumer decision making?
( 2 reasons)
