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Smart Decisions - PowerPoint PPT Presentation

Smart Decisions. Choices. Forced You must make a decision Not Forced You can make a decision. 3 Different Brands. Generic Private/Store Brand Name Brand. Generic (No Name). Plain, simple packaging Cheaper Not Advertised Quality?. Store Brand. Meijer Wal-Mart.

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PowerPoint Slideshow about ' Smart Decisions' - arnav

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Presentation Transcript

Smart Decisions

• Forced

• You must make a decision

• Not Forced

• You can make a decision

• Generic

• Private/Store Brand

• Name Brand

• Plain, simple packaging

• Cheaper

• Quality?

Meijer

Wal-Mart

• Produced & marketed by store

• Cheaper

• Quality?

Private Brand

• Produced & marketed by private company

• Sold in willing stores

• Cheaper

• Quality?

Great Value

Malt-O-Meal

• Produced, marketed & distributed nationwide by large company

• Found in many stores

• Good looking packaging

• Higher price

Coca-Cola

Pepsi

General Mills

• Firecrackers

• \$21.00

• Package of 7

• Firecrackers

• \$25.00

• Package of 10

• Wheat Thins

• \$4.29

• 10 oz

• Meijer Wheat Crisps

• \$3.59

• 7 oz

• Compute the price for 1

\$21 ÷ 7= \$3 each

\$25 ÷ 10= \$2.50 each

Which is the better deal?

Package of 10

\$4.29 ÷ 10= \$.429 or 42.9¢ per oz

\$3.59 ÷ 7=\$.513 or 51.3¢ per oz

Which is the better deal?

10 oz box

Which is the better bargain?

2 ½ lbs. of chicken breast for \$4.48

OR

45 oz. pkg. of chicken breast for \$4.30 each

• One is in lbs. and one in oz. so you must make them similar measurements

• There are 16 oz. in 1 lb.

2.5 lbs. x 16 oz. =40 oz. so

\$4.48 ÷ 40 oz. =\$.112 or 11.2¢

\$4.30 ÷ 45 oz. =\$.096 or 9.6¢

45 oz. of chicken breast is the

better deal

• Just because your friends have it

• Grocery shop when hungry

• Pay Cash

• If you don’t have the money for it; wait

• Timing is Everything

• Christmas decorations just after Christmas

• A 2014 new car towards the middle to end of the year as the 2015 models come out the last half of 2014

• Don’t just buy the Name Brand

• Research Quality

• Durability—Will it last and Look Good

• Care—Dry Clean Only, etc.

• Color

• Embellishments/Decorations

• Fit

• Price

• Jenny finds a cute black dress shirt on the sale rack for only \$20.00. She picks it up and quickly purchases it without examining the fabric or construction because it is such a good deal.

• After four washings, the shirt has faded and the sewing is unraveling. What was the cost per wear for the shirt?

• \$20 ÷ 4= \$5

• At the same time, Jessica was shopping for a black dress shirt. Jessica compared shirts at several different stores before she selected a classic cut, well constructed shirt made from a polyester/knit blend. The cost of the shirt was \$35.00.

• Jessica wears the shirt 23 times over the next 2 years. What was the cost per wear for Jessica’s shirt?

• \$35 ÷ 23= \$1.52

• Federal government agency

• Created to protect consumers from

• Other consumer crimes

• Identity theft

• Nonprofit organization