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Published byMelanie Pierce Modified over 8 years ago
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Many people like shopping.
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What is your favorite store?
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People who buy items in stores are called consumers. She is a consumer. A consumer is someone who buys products.
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Companies make items to sell in stores.
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They mark those items with a brand.
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Do you recognize any of these popular brands?
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Sometimes, we call the items units. One unit of soda. Two units of soda.
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Items cost money.
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How do people decide how much an item should cost?
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Sometimes prices are determined by the number of units. Apples $1.00 each - costs $1.00 - costs $2.00 - costs $3.00
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Other times, prices are determined by weight. Apples $1.00 per pound - costs $1.00 - costs $2.00 - costs $3.00 1 lb.
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Some types of measurements Pound (lb.) Ounce (oz.)
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Consumers have many products to choose from.
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Consumers try to get the best value for their money. They have to consider quality and quantity.
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Quality: a measure of excellence
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Quantity: an amount or number
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