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Smart Consumer Spending: Mastering the Planned Buying Process

Dive into the advanced curriculum of consumer spending and learn how to navigate the planned buying process from desire to satisfaction. Explore durable vs. consumable goods, prioritize wants, leverage personal and social factors, and evaluate spending plans before making purchases. Understand cost per use, online purchases, and the redress process for consumer grievances. Enhance your consumer knowledge today!

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Smart Consumer Spending: Mastering the Planned Buying Process

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Presentation Transcript

  1. Smart Consumer Spending Advanced Curriculum

  2. Planned Buying Process From Initial desire to buy To Satisfaction after the purchase

  3. Planned Buying Process Principles

  4. Durable vs. Consumable Goods What are examples of durable and consumable goods?

  5. Applying the Planned Buying Process Durable Consumable

  6. Prioritize Wants Your present self impacts your future self

  7. When Prioritizing Wants How do personal and social factors influence individuals?

  8. Conduct Research

  9. Information Sources What are questions critical consumers ask?

  10. Consider Purchasing Options Depending on the item, several options may exist: What are example of items available as used or store-brand?

  11. Consider Product Features What are product features of automobiles?

  12. Product Price

  13. Spending Plan Evaluation Before making the purchase, evaluate your spending plan: What is an item you currently use that has a cost of ownership?

  14. Cost Per Use How can cost per use influence purchasing decisions?

  15. Make the Purchase When making the purchase, be confident with the company and staff!

  16. Online Purchases What are principles to making a safe online purchase?

  17. Redress Process of righting a wrong

  18. Summary

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