Chapter 13 Flashcards
What is the decision making process?
DECIDE
What does D stand for in the decision making process?
Define the decision to be made
What does E stand for in the decision making process?
Enquire about possible choices
What does C stand for in the decision making process?
Consider the choices
What does I stand for in the decision making process?
Investigate the results of different courses of action
What does the second D stand for in the decision making process
Decide on a plan and put it into action
What does the second E stand for in the decision making process?
Evaluate the results
What are the factors that influence our decisions?
- needs and wants
- resources
- values/priorities
- other people
- emotions
- fashion
- merchandising
- advertising
- culture
What is there to consider when shopping for goods and services?
- budget
- quality
- value
- design
- comfort
- environment
- maintenance
- purpose
- guaranteed
- safety
What are the different types of shopping outlets?
-department stores
-supermarkets
-multiple chain stores
-voluntary chains
–independent shops
-hypermarkets
-boutiques
–discount stores
-specialist shops
What are department stores?
Department stores stock a wide range of goods under one roof
Example of department store
Marks & Spencer’s
What are supermarkets?
Stock food and general goods
Advantage supermarket
Some stay open 24 hours
Supermarket disadvantage
There can be long queues
Supermarket example
Tesco
Multiple chain stores explain
These are countryside shops with a distinctive appearance and layout
Multiple chain stores advantage
Same layout in every shop
Multiple chain stores disadvantage
Meat can be processed and clothes can be poor quality and made by child labourers
Multiple chain stores example
Dunnes
Voluntary chains explain
Independently owned supermarket chains
Voluntary chains example
Centre
Independent shops explain
Small and offer personal service
Independent shops advantage
Stay open late