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Unit 2 Topic 9 - Coggle Diagram
Unit 2 Topic 9
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Hidden Costs in Pricing
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Over time, rising prices reduce purchasing power
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Impact of VAT
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Different VAT rates:
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Reduced rate (e.g., energy bills at 5%)
Zero-rated (e.g., essential foods, children’s clothing)
Ways to Purchase Items
Cash purchases: No debt, full ownership immediately
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Buy Now, Pay Later (BNPL)
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