Title: Describe the steps for making a purchase decision.
Course: Economics and Personal Finance (19262-36) > Section: Developing Consumer Skills

Description should include the following steps and the use of mathematical skills and a decision-making model (e.g., PACED), as appropriate:

- Using comparative shopping
- Weighing the pros and cons of sales incentives, guarantees, warranties, and rebates
- Understanding sales terminology
- Planning purchases
- Computing unit prices
- Reading contracts
- Computing total costs
- Researching business practices and consumer reviews to make informed purchasing decisions
- Examining the roles of marginal benefit and marginal cost