1. Do Now to Turn In 12 min Who is a consumer? Give me an example.
What are 2 rights of a consumer?
What are 2 responsibilities of a consumer?
What is the difference between rights and responsibilities?
What is an impulse buyer?
What are 2 characteristics of an efficient shopper?
Provide one step in a decision making for a buyer?

2. Consumerism
When buying items a consumer should consider: a business’ reputation, value of brand names, and the choices of store availability
A good shopper/consumer takes time when making purchases, buys when prices are lowest, and avoids impulse buying through the use of shopping lists

3. Consumerism cont. Consumer rights: Be informed Safety Be heard
Right to remedy/sue
Consumer education
Service

4. Consumerism cont. Consumer responsibilities: Be honest Be reasonable
Be informed
Be involved
Report unethical practices

5. Consumerism cont. Decision Making Steps in Buying
Identify your needs or wants
Know the choices that are available to you (price, quality, location, variety)
Determine the measure of satisfaction of your needs or wants
Consider the alternatives
Make your decision to buy

6. Consumerism cont. Efficient/Good Shopper/Consumer:
Takes time when making purchases
Buys when prices are lowest
Avoids impulse buying by using a shopping lists

7. Consumerism cont. What is a brand? Give me an example?
What is a clearance sale?
What is a discount store?
What is a specialty store?
What is a convenience store?
What is impulse buying?

8. Social Responsibility and Business Ethics
Social Responsibility: the obligation of a business to contribute to the well-being of a community
Social responsibility concerns are related to:
Environmental protection
Workplace Diversity
Safety on the job
Employee wellness
What are examples of environmental protection, workplace diversity, safety on the job, and employee wellness?

9. Social Responsibility and Business Ethics cont.
What are examples of environmental protection, workplace diversity, safety on the job, and employee wellness?
Environmental protection: conservation, reduction of pollution
Workplace diversity: removing barriers for women in the workplace, workforce should reflect groups in the community, workers should have same access to job programs
Safety on the job: installing non-polluting safer equipment, building renovations to remove hazardous materials
Ethics: are the principles of morality or rules of conduct
Business Ethics: rules about how businesses and their employees ought to behave

10. Social Responsibility and Business Ethics cont.
Code of Ethics: a statement of rules for guiding the behavior of employees or members of an organization
How does an ethical decision differ from a social responsibility decision?
An ethical business decision is based on a sense of morality and rules of conduct. A socially responsible decision is based on an understanding of what is good for the environment, the needs of the community, and the fair treatment of employees.