Commerce & Choice

Fiona C. (Australia)
18 words 32 learners

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Full list of words from this list:

words only definitions & notes
  1. consumer
    a person who uses goods or services
    Commercial decisions can be related
    to consumer, ®nancial, business,
    employment, legal or environmental
    factors.
  2. evaluate
    estimate the nature, quality, ability or significance of
    To make wise decisions, she must
    research the different options available, evaluate
    each one, then make a ®nal selection.
  3. purchase
    acquire by means of a financial transaction
    She wants to
    purchase a mobile phone but is not sure which plan
    to choose or if a pre-paid card is better.
  4. product
    an artifact that has been created by someone or some process
    She also wants to purchase only products that are
    environmentally friendly.
  5. purchasing
    the act of buying
    Consumer choice
    5
    Consumers are always confronted with decisions even if
    only purchasing something as simple as food for lunch.
  6. spending
    the act of spending or distributing money
    Teenage spending habits: 1992 and 2002
    Note column and row headings, and the table
    heading.
  7. good and
    completely or thoroughly
    A consumer is someone who
    purchases goods and services to satisfy needs
    and wants.
  8. commercial
    connected with or engaged in the exchange of goods
    Like Jo, we are all forced to make commercial
    choices even though we are not normally aware of
    doing so; for example, deciding what to buy for lunch,
    how to travel to school or which DVD player to buy.
  9. buy
    obtain by purchase
    Like Jo, we are all forced to make commercial
    choices even though we are not normally aware of
    doing so; for example, deciding what to buy for lunch,
    how to travel to school or which DVD player to buy.
  10. scarce
    deficient in quantity or number compared with the demand
    These are are all commercial decisions because they
    involve using a scarce resource: money.
  11. consume
    take in as food
    Which one would you choose to consume?
  12. services
    performance of duties or provision of space and equipment helpful to others
    A consumer is someone who
    purchases goods and services to satisfy needs
    and wants.
  13. needs
    in such a manner as could not be otherwise
    A consumer is someone who
    purchases goods and services to satisfy needs
    and wants.
  14. want
    the state of needing something that is absent or unavailable
    She wants to
    purchase a mobile phone but is not sure which plan
    to choose or if a pre-paid card is better.
  15. resource
    aid or support that may be drawn upon when needed
    These are are all commercial decisions because they
    involve using a scarce resource: money.
  16. habit
    an established custom
    Whether decisions are made on impulse, by
    habit or after careful evaluation of the alternatives,
    each one can have a direct effect on the quality of
    our lives.
  17. income
    the amount of money one makes over a period of time
    Teenage spending habits
    Item % of income
    1992 2002
    Food 29 18
    Clothes 51 33
    Entertainment 20 49
    You should consider three basic questions before
    you decide to buy something.
  18. satisfaction
    the state of being gratified
    Therefore, choose the product that gives
    you the greatest amount of satisfaction.
    2.
Created on Mon Apr 19 19:14:42 EDT 2010

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