Title: Identify strategies for a planned buying process.
Course: Independent Living (22904-36) > Section: Making Responsible Consumer Choices

Identification should include

- explaining the research, evaluate, shop, purchase, assert your rights (RESPA) after purchase system
- explaining comparison-shopping strategies
- explaining how a sales representative or personal research can help
  - evaluate the pros and cons of sales incentives (e.g., discounts, coupons, rebates, rewards programs, special offers)
  - evaluate advantages and disadvantages of purchasing, leasing, and renting
  - negotiate prices or terms
  - address incorrect billing, receipts, or invoices.

Process/Skill Questions:

Thinking

- What are the advantages of prices?
- Why are prices an efficient way to allocate goods and services?

Communication

- What do merchants usually do to sell items that are overstocked? What does this reveal about the equilibrium price for the product?

Leadership

- Why might one choose to purchase, lease, or rent a product?

Management

- How might everyday prices help buyers make decisions about the goods and services they buy?