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knowledge and understanding

AC9HE10K03

factors that influence major consumer and financial decisions, and the short- and long-term consequences of these decisions

Elaborations

  • AC9HE10K03_E1identifying examples of minor and major consumer and financial decisions, and explaining the processes that guide decision-making
  • AC9HE10K03_E2analysing factors that influence major consumer and financial decisions, such as price, availability and cost of finance, marketing of products, age and gender of consumer, convenience, and ethical and environmental considerations
  • AC9HE10K03_E3identifying the costs of consumer and financial transactions over time, such as the ability to make loan repayments, available savings, depreciation, and maintenance costs and insurance, as well as the benefits such as independence and convenience when purchasing a car or home

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AC9HE10K03 – factors that influence major consumer and financial decisions, and the short- and long-term consequences of these decisions | LessonForge