The journey that I have taken through this Consumer Math class has been educational and eye opening. I have come to find through my studies that the world of business and marketing is not as “nice” as it may seem. This course has thoroughly presented some ways that you can avoid being defeated by the system, and subsequently use these minor disadvantages to your advantage. As a senior about to graduate from high school, I am now at the point where I can become an active member of society in the world meaning I am no longer just a bystander in business. It is essential to be taught that mathematics has many different facets and some can help save your from bankruptcy and other serious financial downfalls. A major lesson I picked up from this Consumer Math course was the matter of owning or leasing a car. All my life I have been under the impression that buying a car was the only alternative after having a used car. But I learned that sometimes leasing a car could be the better decision when considering one’s financial situation or other personal preferences. Another lesson that stood out to me was planning for a quality retirement. Before this course, retirement was something that had never once, crossed my mind. Now that I have an educated stance on retiring, I know that it is never too late to start saving. My strong understanding on the importance of saving for my future has brought me to open a savings account in which I have already electronically deposited $150.
You May Also Find These Documents Helpful
-
Which of the following devices imparts ownership in a corporation? A. Bond B. U.S. Treasury Bill C. Savings account D. Stock…
- 770 Words
- 4 Pages
Satisfactory Essays -
A. total utility is maximized when consumers obtain the same amount of utility per unit of each product consumed.…
- 7712 Words
- 31 Pages
Powerful Essays -
There are many pitfalls that today’s consumer must maneuver when contemplating on a financially large purchase. Many must decided if a leasing a car over buying a car will benefit them or their families in the long run. Factor such as, “budget constraints may influence make or buy decisions. If a buy decision is to be made, then a further decision of whether to purchase or lease is also to be made”(PMBOK, 2013, p 365). At first thought the choice between the two alternative lease or buy would seem relatively simple. “If the net present value of the lease is greater than the net present value of the purchase option, than car should be leased and vice versa. But such a decision without comparing present values may be wrong .(Mohajan, 2012, p. 146). There are many complications that exist when attempting to lease a car. Leasing a car can be very complicating. When a consumer purchases a car it is a straight forward transaction. The base car…
- 1778 Words
- 6 Pages
Better Essays -
1. A marketer of health food is attempting to segment its market on the basis of Australia consumers’ self image. Describe the four types of consumer self-image and discuss which one would be most effective?…
- 517 Words
- 2 Pages
Good Essays -
This report was commissioned to investigate the consumer behaviour, characteristics of buyers and potential buyers of a leading men’s magazine, namely Playboy Magazine, which is distributed in 150 countries around the world.…
- 5706 Words
- 23 Pages
Powerful Essays -
I have learned so much in this personal finance class. I learned so many ways to save money and how credit cards aren't so bad, and if you know how to use them you can actually gain while building a good credit history. Some of the things I already knew as far as saving and budgeting but some things where completely new to me, things that have never crossed my mind like 401 k plans and roth IRA plans. After what I have learned I plan to start cutting back more, even if it's just doing my own hair and nails from time to time or eating in rather than going out. I plan to pay off at least half of the items on my credit report by the end of this year, stating with the items holding the highest interest rates. I plan to start up an roth IRA so I won't have to worry when I ready to retire. I also plan to open up a education account for my 8 year old child's college so he won't have to worry. I will be sure to choose an account which will draw intrest! These are just a few things I have learned from Ms. Dame wonderful "Essentials of Personal Finance" class, I can honestly say this course has changed my life for the better!…
- 454 Words
- 2 Pages
Satisfactory Essays -
I began my field experiment at a local Safeway in South San Francisco. While entering, I noticed that the doors were electric, making cart movement accessible as well as walking right on in. I started walking to my left, noticing at least one hundred magazines on a sturdy cabinet layout. In front of me was the customer service department, providing customers with their assistance. As I continued, I recognized that there was no music playing within the grocery store. A coin machine held fort near the floral department. Heading now to the back of the store I heard an intercom providing employees with directions. At the back, I witnessed packaged meat, along with milk, and cheeses to be taken home from the cold fridges. Wanting to browse through the aisles, I had to take a look at the right corner of the store. Fruits and vegetables were well kept at a level in which hands could check and grab them as they pleased. The Deli section was last, displaying fresh meats to each customer. Salads were kept cool and off to the side with nutritious drinks. Pastries were last, right as you begin to exit. Entering aisle one, the main foods consisted of canned food, beans for the most part and rice. As I moved into the following aisles coffee and sugar were up for grabs. Next, household items appeared such as detergent, furniture polish and window cleaners. The middle aisle contained frozen foods like pizza, ice cream, cookie dough, and frozen diners. In the next couple of rows cereal, juices, and drinks filled the shelves, ready to be taken home. The aisles closest to the deli had different kinds of breads and tortillas. Checkout counters were in the very front. Energy drinks, candy, and more magazines were right in the midst of the conveyor belt.…
- 703 Words
- 3 Pages
Powerful Essays -
Consumers make many buying decisions every day, and the buying decision is the focal point of the marketer’s effort. Most large companies research consumer buying decisions in great detail to answer questions about what consumers buy, where they buy, how and how much they buy, when they buy, and why they buy. Marketers can study actual consumer purchases to find out what they buy, where, and how much. But learning about the whys of consumer buying behavior is not so easy—the answers are often locked deep within the consumer’s mind.…
- 1559 Words
- 7 Pages
Better Essays -
*TASK 1: Identify and analyse the decision-making units (DMU’s) for the two decisions made in the Case Study (Richard’s travel to Paris and Richard and Heather’s holiday plans):…
- 824 Words
- 4 Pages
Good Essays -
Sony is introducing a new 27- inch T V with a picture – in – picture feature. How should the company position and advertise the product to…
- 5054 Words
- 21 Pages
Good Essays -
The cement industry and its players made first steps in the direction to Global integration only in the 1970s. It could be seen as somewhat paradoxical, because if we…
- 753 Words
- 3 Pages
Good Essays -
This theory gives us a way to predict the consumer behaviour. In fact, it exist positive or negative categories of product. These categories depend on segmentation of the target (children are different of women of 40 years old), sweets will be in the positive category, for instance.…
- 1326 Words
- 6 Pages
Powerful Essays -
The purchase of a refrigerator is a high involvement buying decision and it requires a lot of deliberation on the consumer’s part. There are a lot of challenges involved in such a purchase which include not getting complete information about the market, not being able to define the parameters on which that they should base their decision on and finding out ways to overcome the risks involved. It is an extensive problem solving procedure and a long term commitment.…
- 436 Words
- 2 Pages
Good Essays -
{ w | w has length ≥ 3 and its 3rd symbol is 0 }…
- 1027 Words
- 5 Pages
Satisfactory Essays -
He has been consuming packaged milk since he left his hometown Gwalior before which his family used to purchase milk which came directly from the dairy farms to his home.…
- 580 Words
- 2 Pages
Satisfactory Essays