what drives our purchase decisions?. list everything you have with you at the moment. include what...
TRANSCRIPT
What drives our purchase decisions?
List everything you have with you at the moment. Include what is in your backpack/and or pocketbook.
DO NOW
Video
What are your wants and needs video
http://www.youtube.com/watch?v=VY6UdMnf4KE
Wants/Needs
• Wants – thing that makes life enjoyable, but don’t really need
• Public want – wants of a large group. Usually governments/state/town/city pays for these (i.e. Lakeland HS wants all new computers)
• Private wants – wants of an individual or small group. (I.e. car, pool) You need to pay.
• Needs – something necessary to sustain life.
Goods vs. services
• Good – physical thing that you can touch and feel
• Service – a task performed for you
• Producer – individuals and organizations that determine what products and services will be available for sale
• Consumer – a person who buys and uses goods and services
Supply and Demand
• Demand – the quantity of a good or service that consumers are willing and able to buy.
• Supply – the quantity of a good or service that businesses are willing and able to provide
• Market price – the point where supply and demand are equal
• True or False – the greater the demand the higher the price
• http://www.youtube.com/watch?v=AyyvFASW6Nw
Goods and Services provided by a producer
Rohsler’s Allendale Nursery
Buy flowers for my garden (good)
II want to have mulch delivered (Service)
I need mulch (good)
Producer
Goods and Services provided by a producer
Assessment
1. A good is something that______
a. You can use
b. You can touch
c. Satisfies wants
d. All of the above
(d)
Assessment
2. A service is___________--
a. A job you do for others
b. Paid for by a consumer
c. Satisfies wants
d. All of the above
(d)
Assessment
True or False
3. Everything we purchase to satisfy our wants is either a good or a service
(T)
4. Many goods are made from natural resources
(T)
Assessment – match service to the producer
• Veterinarian
• Police officer
• Stylist
• Teacher
• Lifeguard
Keeps pets healthy
Keeps beaches safe
Helps children learn
Keeps neighborhood safe
Gives haircuts