Chapter 6 Learning Outcomes

In this chapter, students will…
  • Identify ways companies compete for their money.
  • Be familiar with marketing strategies that encourage people to go into debt or finance large purchases.
  • Evaluate how peer pressure can affect spending decisions.
  • Summarize factors that influence consumer decisions.
  • List five steps consumers should take before making a major purchase.
  • Evaluate the role opportunity cost plays in purchasing decisions.
  • …Describe the effect of inflation on buying power.

Chapter 6 Vocabulary

  • Branding
  • Brand recognition/awareness
  • Buyer’s remorse
  • Caveat emptor
  • Financing
  • Marketing
  • Opportunity cost
  • Significant purchase

Academic Standards Met in Chapter 6

Financial Responsibility and Decision Making: Apply reliable information and systematic decision making to personal financial decisions.
  • HS-PF1-1: Take responsibility for personal financial decisions.
  • HS-PF1-3: Summarize major consumer protection laws.
  • HS-PF1-4: Make financial decisions by systematically considering alternatives and consequences. 
  • HS-PF1-6: Control personal information.
Planning and Money Management: Organize personal finances and use a budget to manage cash flow.
  • HS-PF3-4: Apply consumer skills to purchase decisions.
Credit and Debt: Maintain creditworthiness, borrow at favorable terms, and manage debt.
  • HS-PF4-1: Identify the costs and benefits of various types of credit.
Saving and Investing: Implement a diversified investment strategy that is compatible with personal goals.
  • HS-PF6-1: Discuss how saving contributes to financial well-being.

Files for Download

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Chapter 6
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