When buying a high-cost item, it's helpful to consider several factors before deciding which item to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
When buying a high-cost item, it's helpful to consider several factors before deciding which item to purchase. Developing a buying plan can be a useful habit. Instructions 1. Make a buying plan for two major purchases. 2. Write an advice column that answers questions about spending. Questions to consider when making a buying plan 1. What do I want to buy? Where can I research my options (including price and specifications)? 2. How much do I have to spend? What is my budget? 3. What criteria or specifications am I looking for? 4. What are possible choices that can meet my criteria? 5. Which choice works best for me? Practice making a buying plan Practice using this strategy with two types of products or services you'd like to buy (now or in the future). 1. What you want to buy:. My budget is: My criteria are: How did you make your choice? My choices include: Choice 1: Choice 2: Choice 3: My decision is: 2. What you want to buy: My budget is: My criteria are: How did you make your choice? My choices include: Choice 1: Choice 2: Choice 3: Applying what you've learned Imagine that you write a financial advice column for a newspaper. This week, you've received three questions from your readers. Respond to each reader using what you've learned about buying plans. 1. My name is Louis, and I want to buy a car. I don't care if it's used, but there are just so many choices. Can you walk me through what I should do? 2. My name is Taylor, and I want a small pet I can keep in my room. There are lots of cool options, and I'm not sure which pet to choose. How can I decide which one is best for me? 3. My name is Ngozi, and I want to buy a fishing boat. There are many boats for sale in my area, but I'm not sure how I should choose one. Can you help? My decision is: When buying a high-cost item, it's helpful to consider several factors before deciding which item to purchase. Developing a buying plan can be a useful habit. Instructions 1. Make a buying plan for two major purchases. 2. Write an advice column that answers questions about spending. Questions to consider when making a buying plan 1. What do I want to buy? Where can I research my options (including price and specifications)? 2. How much do I have to spend? What is my budget? 3. What criteria or specifications am I looking for? 4. What are possible choices that can meet my criteria? 5. Which choice works best for me? Practice making a buying plan Practice using this strategy with two types of products or services you'd like to buy (now or in the future). 1. What you want to buy:. My budget is: My criteria are: How did you make your choice? My choices include: Choice 1: Choice 2: Choice 3: My decision is: 2. What you want to buy: My budget is: My criteria are: How did you make your choice? My choices include: Choice 1: Choice 2: Choice 3: Applying what you've learned Imagine that you write a financial advice column for a newspaper. This week, you've received three questions from your readers. Respond to each reader using what you've learned about buying plans. 1. My name is Louis, and I want to buy a car. I don't care if it's used, but there are just so many choices. Can you walk me through what I should do? 2. My name is Taylor, and I want a small pet I can keep in my room. There are lots of cool options, and I'm not sure which pet to choose. How can I decide which one is best for me? 3. My name is Ngozi, and I want to buy a fishing boat. There are many boats for sale in my area, but I'm not sure how I should choose one. Can you help? My decision is:
Expert Answer:
Answer rating: 100% (QA)
An opentobuy plan is a purchasing budget for future inventory orders that a retailer creates for a specific period It helps a retailer stock the right amount of the right products at the right time by ... View the full answer
Related Book For
Modeling the Dynamics of Life Calculus and Probability for Life Scientists
ISBN: 978-0840064189
3rd edition
Authors: Frederick R. Adler
Posted Date:
Students also viewed these accounting questions
-
What essential criteria do organizational buyers consider when making buying decisions?
-
WEEK 10 EXAMPLE (a) Show, for a perfect gas undergoing a process between states 1 and 2, that the change in specific entropy is given by $$1 = = R Inf (2/) - cu ln (7/2) In (b) A perfect gas...
-
How did choices in one area of the marketing plan impact other areas of the plan?
-
what are the possible impacts of a restrictive monetary policy on the housing market assuming its a closed economy? What conditions (other than a reversal of the monetary policy) may counter act...
-
For the ANOVA portion of the printout shown in Exercise 15.83, explain the exact meaning of each number in the SS and F columns. In exercise Regression Analysis The regression equation is STRENGTH...
-
Were you contacted by Facebook stating that your data was compromised by Cambridge Analytica or another data breach? If so, how did this make you feel? What have you done as a result? Has your use of...
-
Explain in a few lines why diversifiable risk cannot be remunerated on markets in equilibrium?
-
For each of the following remarks, state the possible situation and accompanying assumptions that you would make. a. A good project manager should manage by focusing on keeping people happy. b. A...
-
14. Graph the following polynomials using the end behavior and behavior near an x-intercept. g(x) = (x-2)2(2x+3)
-
Ludwig and Miller (2007) used a discontinuity in program funding for Head Start to test the impacts on child mortality rates. In the 1960s, the federal government helped 300 of the poorest counties...
-
PREPARE A POWERPOINT PRESENTATION ALONG WITH COMMENTARY. SELECT A MAJOR STORY FROM this week's article in Wall Street Journal on Oct 1 or Oct 2 (HOPEFULLY ONE WHICH WAS GIVEN PRESS ON MORE THAN ONE...
-
How does intercultural competence facilitate effective cross-cultural communication and collaboration in multicultural settings ?
-
4. A model rocket is launched from the top of a building. Its height h (in feet) can be defined as a fun of time t (in seconds) by the equation: 2 h(t) + == 16t 40t + 52 When will the rocket reach...
-
10. Lihue, Inc., applies fixed overhead at the rate of $3.70 per unit. Budgeted fixed overhead was $1,295,370. This month 342,600 units were produced, and actual overhead was $1,275,000. Required:...
-
How can organizations measure and assess employee satisfaction beyond traditional metrics, incorporating qualitative insights and employee feedback to tailor interventions and initiatives that...
-
2. Show that F = (sin y + z)i+(xcos y z)j+(x y)k is a conservative field and calculate the value of its line integral from the origin to the point (3,/6, 2) along any path.
-
The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,140 from a local bank on a note due in six months. b. Received $4,830 cash from investors and issued...
-
Consider the setup in Problem 16. Show that the relative speed of the ball and the point of contact on the stick is the same before and immediately after the collision. (This result is analogous to...
-
Use the table or a calculator to find the values of sine and cosine for the following input (in radians), and plot them on a. A graph of sin(), b. A graph of cos(), c. As the coordinates of a point...
-
Suppose that fraction used = / 1.0 + 0.1Mt. for some parameter 1. Write the discrete-time dynamical system and solve for the equilibrium. Sketch a graph of the equilibrium as a function of ....
-
About how many half-lives will occur in 50,000 years? Roughly what fraction will be left? How does this compare with the answer of Exercise 45? The amount of carbon-14 (14c) left t years after the...
-
What kinds of foreign exchange risk would a U.S. company face that is exporting goods to Mexico? What kinds of things would you monitor to determine what will happen to the value of the Mexican peso?
-
Extract the annual report of a Fortune Global 500 company from a country different from your home country; use the site www.glgc.com/g600.html, or...
-
Plan a study term abroad. What would you want to learn and why? How would this change if you were a business?
Study smarter with the SolutionInn App