1 / 92

Splash Screen

Splash Screen. Chapter Introduction Section 1: Shopping for Food Section 2: Clothing Choices Section 3: To Rent or to Buy Section 4: Buying and Operating a Vehicle Visual Summary. Chapter Menu.

elia
Télécharger la présentation

Splash Screen

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Splash Screen

  2. Chapter Introduction Section 1:Shopping for Food Section 2:Clothing Choices Section 3:To Rent or to Buy Section 4:Buying and Operating a Vehicle Visual Summary Chapter Menu

  3. Scarcity is the basic economic problem that requires people to make choices about how to use limited resources. Chapter Intro 1

  4. What are the costs of owning a car? How much should you budget for clothes and food? In this chapter, read to learn how to shop wisely for the necessities. Chapter Intro 2

  5. Chapter Preview-End

  6. Section Preview In this section, you will learn about a variety of ways to save when shopping for food. Section 1-Main Idea

  7. Content Vocabulary • club warehouse store • convenience store • private-labeled products Section 1-Key Terms

  8. Academic Vocabulary • potential • regional Section 1-Key Terms

  9. A B C Do you feel that food is expensive? A.Always B.Sometimes C.Never Section 1-Polling Question

  10. Comparison Shopping Shopping for food involves many considerations, including brands, sizes, quantities, unit prices, freshness, the availability of coupons and store location. Section 1

  11. Comparison Shopping (cont.) • When comparison shopping, you need to decide not only what to shop for but where to shop as well. • If you spend too much time looking around though, the additional costs of time and transportation would outweigh any potential savings. Section 1

  12. A B C Do you tend to spend much time shopping around for items? A.Always B.Sometimes C.Never Section 1

  13. Trade-Offs in Stores Deciding what food to buy involves numerous trade-offs. Section 1

  14. Trade-Offs in Stores (cont.) • Food shopping is typically done at grocery stores or in club warehouse stores which offer the largest potential savings for your food dollar because you purchase in bulk. • Occasionally, you may use aconvenience storewhich carries a limited selection of brand items at relatively higher prices. Section 1

  15. Trade-Offs in Stores (cont.) • When you shop, alternatives to brand named items areprivate-labeled products which are lower-priced products carried by supermarket and warehouse chains. • There is a trade-off between quality and price in the products you buy. Section 1

  16. Trade-Offs in Stores (cont.) • Bulk products are sold in large quantities. Sometimes they are in bins, so you can dip out the amount you want. • Often, the larger the quantity of any item you buy, the lower the per-unit price. However, this is NOT always true. Section 1

  17. Trade-Offs in Stores (cont.) • Many manufacturers give cents-off coupons, but you have to decide if the amount you save using them is worth your time collecting and matching them. • Store discount cards are another option, but critics claim that they simply save the customer from inflated prices instead of offering a discount. • These cards are also used to track customers’ spending habits for marketing purposes. Section 1

  18. A B C Do you feel that marketing companies should be allowed to study customers’ shopping habits? A.Always B.Sometimes C.Never Section 1

  19. Section 1

  20. Section 1-End

  21. Section Preview In this section, you will learn methods to help you make wise consumer choices when shopping for clothes. Section 2-Main Idea

  22. Content Vocabulary • durability • service flow Section 2-Key Terms

  23. Academic Vocabulary • factor • equivalent Section 2-Objectives

  24. A B C D E What is your motivating factor when buying clothes? A.Durability B.Variety C.Brand D.Style E. Cost of care Section 2-Polling Question

  25. Comparing Clothing Value Clothing value depends on style, durability, and cost of care, as well as purchase price. Section 2

  26. Comparing Clothing Value (cont.) • Comparison shopping is important to buying clothing wisely. Clothing value depends on three factors: • Style or the latest trend • Thedurability of an item which includes its service flow. • Cost of care is the money and effort you put into maintaining the item like dry cleaning. Section 2

  27. A B C Do you feel that buying clothes that must be dry cleaned is worthwhile? A.Always B.Sometimes C.Never Section 2

  28. More for Less Consumers have many alternatives to buying clothing at full retail price. Section 2

  29. More for Less (cont.) • Ways to save when buying clothing: • Visit a consignment store which sells used clothing at lower prices. • Buy clothing on sale. • Shop online. • Make a list of clothing you really need so you don’t buy impulsively. View:How Can You Save on Clothes? Section 2

  30. A B The cost of clothing has increased significantly over the years. A.True B.False Section 2

  31. Section 2

  32. Section 2-End

  33. Section Preview In this section, you will discover the costs and responsibilities involved in both renting and buying a place to live. Section 3-Main Idea

  34. Content Vocabulary • lease • security deposit • closing costs • points Section 3-Key Terms

  35. Academic Vocabulary • obtain • involve Section 3-Objectives

  36. A B Do you think that you would want to rent or buy a house? A.Rent B.Buy Section 3-Polling Question

  37. Should You Rent or Buy? There are advantages and disadvantages both to buying a home and renting a place to live. Section 3

  38. Should You Rent or Buy? (cont.) • Benefits to renting: • No down payment (only a security deposit and one or two months rent up front) • No maintenance costs or real estate taxes • Greater mobility—they don’t have to worry about selling the property before moving Section 3

  39. Should You Rent or Buy? (cont.) • Benefits to buying: • Significant income tax benefits • The owner builds equity. Houses generally appreciate, or go up in value over the years. • Pride of ownership • Freedom to decorate or remodel Section 3

  40. A B C D How much of their income does the average American family spend on a house? A.25–33% B.34–50% C.5–10% D.11–24% Section 3

  41. Renter Rights and Responsibilities Renters should read their leases carefully to understand their rights and responsibilities. Section 3

  42. Renter Rights and Responsibilities (cont.) • Renters are asked to sign a lease or agreement describing the terms of the rental property. • They are generally required to pay asecurity deposit which is equal to one month’s rent. • This is returned after the tenant has moved out, depending on the condition of the apartment and all rent was paid. Section 3

  43. Renter Rights and Responsibilities (cont.) • Rights of tenants: • To use the property for the purpose stated in the lease. • To have a certain amount of privacy. Section 3

  44. Renter Rights and Responsibilities (cont.) • Responsibilities of tenants: • Paying the rent on time • Taking good care of the property • Notifying the landlord of needed repairs • Giving notice or a formal warning, if he or she plans to move before the term of the lease is up View:Before You Sign Section 3

  45. Renter Rights and Responsibilities (cont.) • Responsibilities of landlords: • They must make sure that their apartments have certain minimum services. • They must obey building safety laws. • They must make repairs within a reasonable amount of time. Section 3

  46. A B C D What might happen if you need to move early? A.You cannot leave early. B.The landlord keeps your furniture. C.You might owe several month’s rent immediately. D.You must find someone else to rent it. Section 3

  47. Purchasing a House Potential home buyers need to consider many different costs before deciding to purchase a house. Section 3

  48. Purchasing a House (cont.) • One of the major challenges facing a home buyer is obtaining the mortgage. • The mortgage will then be repaid in monthly installments that include interest on the loan. • In addition to the down payment, you will need funds for the closing costs which are fees related to transferring ownership of the property. View:The Cost of Ownership Section 3

  49. Purchasing a House (cont.) • You should also become knowledgeable about points which are fees paid to a lender and computed as a percentage of the loan. Section 3

  50. A B C D When do lenders charge points? A.Always B.When the current interest rate is not high enough C.When the current interest rate is too high D.When the house is expensive Section 3

More Related