AC9HS6K08

Elaborations

• AC9HS6K08_E1identifying goods they have purchased, and categorising and explaining factors that influence consumer purchasing decisions, including personal preferences, social trends, economic factors such as budgets and the amount of money available to spend, psychological factors such as advertising and peer pressure, and cultural, environmental, legal and ethical factors
• AC9HS6K08_E2comparing the influence of a variety of selling and advertising strategies used by businesses on consumer choices; for example, the influence of television and internet advertising compared to email promotions
• AC9HS6K08_E3recognising that financial transactions can include the use of notes, coins, credit and debit cards, and barter items; explaining the advantages and disadvantages of the different transaction types; and considering how these may influence the way people purchase items
• AC9HS6K08_E4exploring the strategies that can be used when making consumer and financial decisions, such as finding more information, comparing prices, keeping a record of money spent and saving for the future
• AC9HS6K08_E5exploring how a decision to buy an item at the local supermarket affects the family (for example, “Did the family have to put off buying another item to have this one?”) and the local community, such as providing jobs
• AC9HS6K08_E6considering if their actions affect the environment; for example, “Does choosing local products rather than imports affect the environment?”