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Retail Stage - Stuff Project - Social Studies

SS -- Retail Price We're going to follow the journey of your stuff. We just followed the movement of people in your heritage. Now we'll explore the movement of goods (stuff) that we use. We'll study: Economy -- how a place uses its resources, the money a place earns Economics -- study of how resources are used (natural resources, time) This starts off pretty easy. Usually when you have something, it's because someone bought it in the store. Vocab: Economy -- how a place uses its resources, the money a place earns Economics -- study of how resources are used (natural resources, time) Consumer -- someone who buys something for personal use Retail -- sold to the public (you and me, average person) Retailer -- someone who sells to the public Retail Price -- price the public pays Suggested Retail Price MSRP Manufacturer Suggested Retail Price -- Price that the person who makes the item says it should be sold to the public. Sale Price -- reduced price Finding the Retail Price is easy: • Look at the price tag • Look at the receipt
Length: 04:53

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