Student Workbook (PDF file, 3.46 MB) - Oklahoma Department of ...

Student Supplement 2
Factors That Influence Spending
Advertising — the favorable presentation of products and/or
services to promote sales
Availability of credit, goods, and services
Environmental impacts
EXAMPLE: How a purchase impacts wildlife, wetlands, sources
of drinking water, landscapes, forests, rangelands
Needs — items considered essential for human survival
Wants — things desired but not essential for human survival
People — a consumer may buy an item or service to impress or
please peers.
EXAMPLE: Family, friends, peers, famous athletes and
entertainers
Prices
State of the economy and economic predictions
Technology — the use of science to make practical items and
services
Traditions — An individual may follow traditions set by family,
culture, or religion.
Values — ideas that an individual considers important, such as
honesty, freedom, truth, and integrity
EXAMPLE: Recycling aluminum, glass, plastic, and paper
products versus throwing them away, buying products that are
grown or produced locally rather than imported products, buying
“cruelty-free” products
UNIT 1 MANAGING MONEY 43