GOALS AND STANDARDSEffects on Economic Decisions

ARMIDA P. DELA CRUZ

MAED - TLE

the result or achievement toward which

effort is directed; aim; end.

the result or achievement toward which

effort is directed; aim; end.

the object of a person's ambition or effort;

an aim or desired result.

the result or achievement toward which

effort is directed; aim; end.

the object of a person's ambition or effort;

an aim or desired result.

something that you are trying to do or

achieve

the result or achievement toward which

effort is directed; aim; end.

the object of a person's ambition or effort;

an aim or desired result.

something that you are trying to do or

achieve

is a desired result a person or a system

envisions, plans and commits to achieve a

personal or organizational desired end-

point in some sort of assumed

development

the result or achievement toward which

effort is directed; aim; end.

the object of a person's ambition or effort;

an aim or desired result.

something that you are trying to do or

achieve

is a desired result a person or a system

envisions, plans and commits to achieve a

personal or organizational desired end-

point in some sort of assumed

development.

is a particular end state or outcomes that a

person that would like to achieve

are general categories of goals that

consumers see as a way to fulfill their

needs

are general categories of goals that

consumers see as a way to fulfill their

needs

are specifically branded products or

services that consumers select as their

goals

The goals selected by an

individual depend on their:

Personal experiences

Physical capacity

Prevailing cultural norms

and values

Goal’s accessibility in the

physical and social

environment

short-term - what you hope to achieve over

the next year

short-term - what you hope to achieve over

the next year

medium-term (1–3 years)

short-term - what you hope to achieve over

the next year

medium-term (1–3 years)

the long-term (3–5 years)

short-term - what you hope to achieve over

the next year

medium-term (1–3 years)

the long-term (3–5 years)

more distant future (5 years and beyond)

1. concrete or abstract

1. concrete or abstract

concrete - they are given specific behavior or

action and determined by the situation at hand

1. concrete or abstract

concrete - they are given specific behavior or

action and determined by the situation at hand

abstract – endure over a long period

1. concrete or abstract

concrete - they are given specific behavior or

action and determined by the situation at hand

abstract – endure over a long period

2. promotion-focused or prevention-focused

1. concrete or abstract

concrete - they are given specific behavior or

action and determined by the situation at hand

abstract – endure over a long period

2. promotion-focused or prevention-focused

promotion-focused - consumers are motivated to

act in a ways to achieve positive outcomes; that

is, they focus on hopes, wants, and

accomplishments

1. concrete or abstract

concrete - they are given specific behavior or action and determined by the situation at hand

abstract – endure over a long period

2. promotion-focused or prevention-focused

promotion-focused - consumers are motivated to act in a ways to achieve positive outcomes; that is, they focus on hopes, wants, and accomplishments

prevention-focused – consumers are motivated to act in ways that to avoid negative outcomes, they focus on responsibilities, safety and guarding against risks

3. goals to regulate how they feel

4. goals to regulate what they do

a level of quality, achievement, etc., that is

considered acceptable or desirable

a level of quality, achievement, etc., that is

considered acceptable or desirable

something that is very good and that is used

to make judgments about the quality of

other things

a level of quality, achievement, etc., that is

considered acceptable or desirable

something that is very good and that is used

to make judgments about the quality of

other things

is something established as a rule, example

or basis of comparison

safer, healthier, more environmentally

sound products and services

safer, healthier, more environmentally

sound products and services

products with improved quality and

reliability

safer, healthier, more environmentally

sound products and services

products with improved quality and

reliability

better operational compatibility between

products and greater consistency in the

delivery of services

safer, healthier, more environmentally

sound products and services

products with improved quality and

reliability

better operational compatibility between

products and greater consistency in the

delivery of services

improved choice and access to goods and

services

safer, healthier, more environmentally

sound products and services

products with improved quality and

reliability

better operational compatibility between

products and greater consistency in the

delivery of services

improved choice and access to goods and

services

lower costs for consumers

safer, healthier, more environmentally

sound products and services

products with improved quality and

reliability

better operational compatibility between

products and greater consistency in the

delivery of services

improved choice and access to goods and

services

lower costs for consumers

better product or service information.

Consumers get essential services like

finance, health or energy from a wide range

of organizations and, in recent years,

standards have helped raise the quality of

services that they deliver.

It’s vital that products and services are safe –

things like pushchairs, lawnmowers, phones,

toys, kettles and toasters are obvious

examples, but tourism, internet and other

services can also hold many dangers for

consumers. Standards help to make a huge

range of these kinds of things safer.

All consumers have an equal right to access

products and services, whatever their needs

and abilities, and standards play a key role in

ensuring that people of different abilities

have that access.

Increasing, environmental awareness has put

pressure on organizations to change the way

they operate and reduce their impact on the

planet. Environmental, ethical and social

responsibility standards play a key role in

this.

As more and more of us use the internet for

shopping, banking and social networking,

people are increasingly concerned about

security and privacy.

1. Working on a Budget

1. Working on a Budget

2. Maximizing Value

1. Working on a Budget

2. Maximizing Value

3. Rational Decision Making