Spending, Saving, and Investing
These products can be bought in stores or the internet
What are consumer products?
Cars, homes, and other expensive things that are no frequently purcharsed are considered to be this
What is a high order product?
This helps us plan how much money we are able to spend and the way in which we will spend this money.
What is a budget?
These establishments sell services and/or products to make money.
What are companies?
These are the three ways (according to the text) that we can spend money.
Cash, debit cards, and credit cards.
Laura buys groceries every week; she loves going to Lidl and buying food! Since the things she purchases are regularly purchased, they are considered to be this.
What are low-order products?
What is a household budget?
Google is considered to be this type of company because it is owned by people who own shares in the company?
What is a corporation?
Diana does this activity by buying homes at low prices and then selling them later. This can also be done by buying shares in a company.
What is investing?
These places typically have a lot of space to display the products they are advertising. The products that are sold there vary from low and high order products.
What are shopping centers?
Mercadona uses this to decide how much money needs to be allocated to the salaries of their employees for this month and also how much money needs to be put aside for the food that they will buy to eventually sell at their store.
What is a business budget?
What is self-employed?
Ayman loves using this method of payment when he buys consumer products, when he uses it, the bank is temporarily lending him money, which he will have to pay back.
What is a credit card?
Eden prefers using this tool to buy things without leaving the house. All of his favorite things that he used to have to go to the store for can now be purchased at the click of a button.
What is the internet?
Fabian uses this while shopping for clothing to decide which stores have the cheapest options for the things he likes. Because of this thing he decided today that he will buy new pants at Zara because they have the best deal and he will get shoes from Nike since they will accept his coupon.
What is a shopping plan?
We can view the responsibilities of different employees by viewing this
Dana uses this to earn interest from the bank while also using it as a place to save her money for a long time.
What is a savings account?
It´s the last day of the month and it´s time for Akram to pay some bills! He pays Orange mobile 10euros for is mobile data, 25 euros to Movistar for his cable, and his landlord is given 100 euros for this month´s gas and electricity bill. After this he pays for a 10 euro cinema ticket to unwind after the stress of paying bills. All of these expenses are an example of what?
What are services?
1.)Make a list of the products we need
2.)Calculate total amount we can spend
3.)Make a shopping plan
4.) Go shopping
What are the steps to make a budget?
Every student at Vicente Aleixandre decided to start a lemonade business. They all put effort into the business and they all equally own part of the company. Because they all work together to make money, their company is considered to be this
What is a cooperative?