5.1 Consumer Decisions and Unit Price

5.1 Intro and Unit Price

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December 12, 2013

Unit 6: Consumer Decisions

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5.1 Intro and Unit Price

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What's So Important About This Unit...

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5.1 Intro and Unit Price

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What kind of information do we need to make an informed decision about what we buy?

5.1 Intro and Unit Price

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1. Brand Name vs. Generic

Which is usually the least expensive?Is cheaper always better?

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5.1 Intro and Unit Price

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2. Types of Discounts

Percentages vs. BOGO

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5.1 Intro and Unit Price

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3. Guarantees, Warranties, and Return Policies

- Is there one?- How does it work?- What does it cover?- Conditions?

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5.1 Intro and Unit Price

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4. Measures of Quality

What does "quality" mean to you?

- Fruits & Veggies

- Frozen Pizzas

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5.1 Intro and Unit Price

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Would you rather...

5.1 Intro and Unit Price

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- A way to figure out the best buy by trying to figure out which item is cheapest out of two or more choices.

5. Unit Price

5.1 Intro and Unit Price

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Calculating Unit Price

Unit Cost = Total Cost Total Amount

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Eg Which is the better buy?

5 pizza pops

for $1.40

8 pizza pops

for $2.15OR

5.1 Intro and Unit Price

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Eg. What is the better deal?

2L Coca-Colafor $2.49

1 can (355 mL)for $0.55OR

5.1 Intro and Unit Price

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Eg. What is the better deal?

2L Coca-Colafor $2.19 OR

6 cans (355 mL) for $2.45