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Reflection Questions
Caitlin us at the grocery store, she is trying to find the unit price on a 6 pack of drinks on sale for $2.99. Her younger brother says that at that price, each drink would cost just over $1.00. Is he correct? eplain. If wrong, how would he find the correct price,
DEFINE AND IDENTIFY "OPPORTUNITY COST "
DESCRIBE AND IDENTIFY COMPONENT OF A BUDGET
* Apply comparison shopping.
*Analyze information sources
PRIORITIZE AND SELECT BETWEEN INDVIDUALS NEEDS AND WANTS
Apply comparison shopping methods, gathering prices& quality ofinformaiton and campare unit price
Opportunity cost
*needs / wants
*income/expenses
*fixed/variable/discretionary
*charitable giving
*comparison shopping
*unit price
*sales tax
*emergency fund