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Define Priorities
Judgements about the relative importance or alternatives
name 2 Managing resources
people
time
making consumer decisions
impulse purchases
decision make steps #5
choose
Factor affecting decisions #4
Define needs
Nessecary in order to live
name the using resources
expand
converse
substitute
exchange
decision making steps #1
identify the decision
Factor affecting decisions #1
personal factors
1 source of information
tv
Define Value
Strongly held belief or principle about what is worth a while
Name the 4 managing process
planning
organizing
implementing
evaluating
decision making steps #4
weigh advantages and disadvantages
decision making steps #6
take action
factor affecting decisions #3
culture
Define Standards
established level of quality or quantity to measure against
name 3 managing time and energy
stay focused
get organized
plan ahead
decision making steps #2
collect info
Factor affecting decisions #2
family factors
Define Conspicuous consumption
purchasing good & services to impress others
Define S.M.A.R.T
Specific
measurable
achevivable
results-focused
time-bound
name 2 more managing time and energy
make use of freetime
make to-do lists
decision making steps #3
identify options
decision make steps #7
evaluate
2 sources of information
newspaper
radio