The economy of a community depends on the production,People are important to a community's economy.
distribution, and consumption of goods and services.
How do people choose the products and services they want?
People choose the products and services they will buy based on both need and want.
The price of a product or service is important to many consumers when deciding whether to buy it.
Businesses use advertisements to try to persuade consumers to buy a product or service.
Recognize what influences them to buy goods.
Understand the role of advertisements.
Explain the difference between needs and wants.
LC - Chapter 7 – Meeting Needs and Wants
Use newspaper advertisements to compare prices.
- List 5 – 10 common items. Go to different stores to compare the prices of the items.
- Use newspapers, magazines, and television.
Determine how businesses use advertising to get people to buy products.
Discuss the various techniques advertisers use.