5.1 Consumer Decisions and Unit Price
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Transcript of 5.1 Consumer Decisions and Unit Price
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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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December 12, 2013
What's So Important About This Unit...
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What kind of information do we need to make an informed decision about what we buy?
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1. Brand Name vs. Generic
Which is usually the least expensive?Is cheaper always better?
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2. Types of Discounts
Percentages vs. BOGO
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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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4. Measures of Quality
What does "quality" mean to you?
- Fruits & Veggies
- Frozen Pizzas
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Would you rather...
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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
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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
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Eg. What is the better deal?
2L Coca-Colafor $2.49
1 can (355 mL)for $0.55OR
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Eg. What is the better deal?
2L Coca-Colafor $2.19 OR
6 cans (355 mL) for $2.45