Day 45

Lesson Objectives

• Identify ways companies compete for your money
• Be familiar with marketing strategies that encourage people to go into debt or finance large purchases
• Evaluate how peer pressure can affect spending decisions
• Summarize factors that influence consumer decisions
• List five steps you should take before making a major purchase
• Evaluate the role opportunity cost plays in purchasing decisions
• Describe the effect of inflation on buying power

Assignment 6.R.1

1. Select and listen to TWO of the Ask Dave radio calls below:
   • Cost of Opportunity
   • Fighting Buyer’s Remorse
   • Best Ways to Bargain
   • The Buying Decision
   • A Generation of Freedom
2. As you listen, think about or take notes on how you could summarize the caller’s situation, including the financial information needed to make a decision, followed by the advice that Dave gave the caller.
3. Make a copy of this Google Document, rename it Ask Dave 6-(Your Initials), and move it into your Chapter 6 folder.  In this document, respond to the questions.

Chapter 6 Folder

1. Log into your Google Drive account.
2. Navigate to your Chapter 6 folder inside of your Unit 2 folder.
3. Your Chapter 6 folder should contain the following files:
   • Personal Finance Journal-C6
   • Commercials
   • Marketing
   • Marketing Advertisement
   • Financing
   • Cost of Cool
   • Daily Decisions
   • Costs
   • Peer Pressure
   • Short Answer 6
   • Case Studies 6
   • Ask Dave 6