Show:
Setting Goals
Managning Limited Resources
Management Process
Consumer Decisions
Information Resources
100
your judgements about the relative importance of alternatives
What is priorites?
100
the process of using resources effectively to reach goals
What is management?
100
seeing how well your plan worked
What is evaluating?
100
a purchase made on a whim, without planning
What is impulse purchase?
100
media sources, salespeople, advertising, etc.
What is sources of consumer information?
200
series of stages through which a family passes
What is family life cycle?
200
time, material and technological resources, human resources, natural resources etc.
What is types of resources
200
identifying the resources that are available and brainstorming ways to use them effectively
What is planning?
200
possessions or activities by which social or economic prestige is measured
What is status symbol?
200
preference that might prevent impartial judgement
What is bias?
300
established levels of quality or quantity to measure against
What is standards?
300
what you give up when you decide to use resources one way rather than another
What is oppurtunity cost?
300
carrying out your plan
What is implementing?
300
culture, family factors, social factors and personal factors
What is factors affecting conusmer decisions?
300
to make reliable decisions and a better judgement
What is why consumers need critical thinking skills?
400
things you desire but are not necessary to live
What is wants?
400
because of limited resources, an economic system can't possibly produce all the goods and services that people want.
What is scarcity?
400
putting off taking action
What is procrastination?
400
identifying your options
What is the 3rd step in the decision-making process?
400
applying reasoning strategies in order to make sound decisions
What is critical thinking?
500
strongly held beliefs and principles about what is worthwhile
What is values?
500
exchanging goods or services with another person
What is bartering?
500
making a schedule, setting a target date or time for the completion of each step.
What is organizing?
500
taking action
What is the 6th step in the decision-making process?
500
licenses, certifications, or degrees that indicate knowledge and experience in a certain subject area
What is credentials?