Chapter 3 Your Purchasing Power

Slides:



Advertisements
Similar presentations
Copyright 2007 Thomson South-Western Chapter 3 Income and Purchasing Power.
Advertisements

© South-Western Educational Publishing Chapter 20 Personal Decision Making  Making Better Decisions  Spending Habits.
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Satisfying Needs and Wants Economic Choices Economic.
DO NOW The last item you purchased was__________. What motivated you to purchase that item?
CHAPTER 10 The Rational Consumer PowerPoint® Slides by Can Erbil © 2004 Worth Publishers, all rights reserved.
LESSON 1-3 Economic Systems
Chapter 3 Your Purchasing Power Page 76
Chapter 3 Your Purchasing Power. Slide 2 What Is Inflation? 3-1 Inflation and the Value of Money Inflation is an increase in prices for goods and services.
3-2 Prices and Consumer Choices -Describe three methods of setting prices in a market economy -Explain how consumers’ buying strategies affect demand and.
Chapter 20 Personal Decision Making
Daily Information – 10/17 Objectives: 1. Describe methods of setting prices in a market economy 2. Explain consumer buying strategies. Warm Up: You have.
Introduction to Business © Thomson South-Western ChapterChapter Economic Decisions and Systems Satisfying Needs and Wants Economic Choices.
Supply and Demand Intro to Business 1-4. Goals Describe supply and demand orally and with graphs Discuss how supply and demand affect products and services.
ECONOMICS 101.  Economics is the study of _________ (as they pertain to _________, _________, and the _________). Every nation has productive resources.
Income and Purchasing Power. True/False 1. Businesses will sometimes base part of their pricing decision on the spending patterns of consumers. 2. Advertising.
Copyright 2007 Thomson South-Western Chapter 3 Income and Purchasing Power.
Put option Example Right to sell at a strike price
Ch 3 Notes Purchasing power.
Teens lesson one making decisions presentation slides 04/09.
Economics 1.3 Understanding Economic Systems
Economic Influences on Decision Making
Overview of the U.S. Economy
Chapter 8 Study Guide by Mrs. Masters.
Chapter 8 Pricing Decisions
Marketing Starts with Customers
The Business Cycle Introduction to Business & Marketing
Adam Smith: The Wealth of Nations.
Chapter 4: Demand Section 1
Market economy self-regulating principles
Aim: How can we identify the Four Ps that make up the marketing mix?
Investing: Making Money Work for You.
Free Enterprise System
Market Economy Social 9 - Chapter 6.
Gross Domestic Product
What are the roles of government in our free enterprise economy?
PRODUCTION, DISTRIBUTION, and CONSUMPTION What Is an Economy?
Ch. 1 Section 2 & 3 Guided Notes
Principles of Business, Marketing and Finance
Supply and Demand Chapter 1.4.
Buying Goods & Services Ch. 3
Lesson 14.1 The Money You Earn 2/10
Chapter 3 Your Purchasing Power
Chapter 4: Demand Section 1
Chapter 3 Income and Purchasing Power
Chapter 10 Basics of Saving and Investing
Chapter 3 Income and Purchasing Power
Supply and Demand 1-4.
Chapter 19, Section 2 Economic Activity and Productivity
Factors Affecting Demand:
Consumption, savings and investment
Economic Systems.
Economics.
Applications of Rational Choice and Demand Theories
The Free Enterprise System
ECONOMIC ROLES Unit 2, Part 1
Economic Activity in a Changing World
Syllabus for Microeconomics
Chapter 4: Demand Section 1
Science of Economics, chapter 5
Chapter 17 Promotional Concepts and Strategies
Chapter 3 Intro to Business
PRODUCTION, DISTRIBUTION, and CONSUMPTION What Is an Economy?
Economic Systems General Business Pg
Chapter 4: Demand Section 1
Marketing CHAPTER Marketing Basics
Final Exam Review Unit 1: Economic Basics.
Economics: Chapter 3 Your role as a Consumer.
Section 2: Changes in Demand
Demand Prices within our economy are set by supply and demand.
Chapter 3 Your Purchasing Power
Presentation transcript:

Chapter 3 Your Purchasing Power

How Are Prices Set in a Market Economy? Cost-recovery pricing is used to recover R&D costs. Cost-plus pricing is calculated using production costs plus a markup. Value-based pricing is based on what consumers are willing to pay. Market-based pricing is set to be competitive with similar products. 3-2 Prices and Consumer Choices Slide 2

How Do Buying Strategies Affect Prices? Rational buying Economizing is saving money and spending only when necessary. Optimizing is getting the highest value for money spent. Emotional buying Impulse buying 3-2 Prices and Consumer Choices Slide 3

Success Skills Time Management Be aware of how you are using your time. Identify peak performance times. Use a daily or weekly planner. Keep a to-do list. Prioritize your activities. Break large projects into smaller parts. Do not rush important decisions. 3-2 Prices and Consumer Choices Slide 4

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.