Decision Making and Shopping vocab

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Values

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Something desirable, worthwhile, and important.

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Needs

Back

something necessary or required for life

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Wants

Back

something unnecessary but desired

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Comparison Shopping

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Includes careful consideration and evaluation of a product's features, price and quality.

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Impulse Buying

Back

Quickly buying something without comparing or considering the consequences

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Decision

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A choice affecting a person's life.

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Major

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Have long-term effects on a person's life

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Routine

Back

Made on a day-to-day basis

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Financial Decision

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A type of major decision

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State of Well Being

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The state of being happy, healthy and prosperous