Standard 2 : Buying Goods and Services



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General Information

Number: SS.912.FL.2
Title: Buying Goods and Services
Type: Standard
Subject: Social Studies
Grade: 912
Strand: Financial Literacy (Discontinued after 2023-2024)

Related Benchmarks

This cluster includes the following benchmarks
Code Description
SS.912.FL.2.1 (Discontinued after 2023-2024): Compare consumer decisions as they are influenced by the price of a good or service, the price of alternatives, and the consumer’s income as well as his or her preferences.
SS.912.FL.2.2 (Discontinued after 2023-2024): Analyze situations in which when people consume goods and services, their consumption can have positive and negative effects on others.
SS.912.FL.2.3 (Discontinued after 2023-2024): Discuss that when buying a good, consumers may consider various aspects of the product including the product’s features. Explain why for goods that last for a longer period of time, the consumer should consider the product’s durability and maintenance costs.
SS.912.FL.2.4 (Discontinued after 2023-2024): Describe ways that consumers may be influenced by how the price of a good is expressed.
SS.912.FL.2.5 (Discontinued after 2023-2024): Discuss ways people incur costs and realize benefits when searching for information related to their purchases of goods and services and describe how the amount of information people should gather depends on the benefits and costs of the information.
SS.912.FL.2.6 (Discontinued after 2023-2024): Explain that people may choose to donate money to charitable organizations and other not-for-profits because they gain satisfaction from donating.
SS.912.FL.2.7 (Discontinued after 2023-2024): Examine governments establishing laws and institutions to provide consumers with information about goods or services being purchased and to protect consumers from fraud.


Related Access Points

This cluster includes the following access points.

Access Points

Access Point Number Access Point Title
SS.912.FL.2.AP.1: Compare consumer decisions based on the price of goods or services, price of alternatives and consumer’s income.
SS.912.FL.2.AP.2: Explain how the consumption of goods and services can have positive and negative effects on others.
SS.912.FL.2.AP.3: Explain why consumers choose products based on factors such as product features, durability, maintenance cost and length of use.
SS.912.FL.2.AP.4: Explain a way that a consumer may be influenced by how the price of a good is expressed.
SS.912.FL.2.AP.5: Describe how the information gathered affects decision making when researching costs and benefits related to purchasing goods and services.
SS.912.FL.2.AP.6: Recognize that people may choose to donate to charitable organizations because they gain satisfaction from donating.
SS.912.FL.2.AP.7: Explain why governments establish laws and institutions to protect consumers.