TLE 6 QUIZ

Who is the person who buys goods or services?

• seller

• owner

• buyer

• producer

It is the term used for a business without selling goods but rather using skills and talent.

Who is the person who sells goods or services?

• customer
• manager

• seller

• buyer

The owner cannot be the seller

• True
• False

Select the 3 examples of business that renders service not product.

• barber

• fish vendor

• parlor

• teacher

It is a term for a place where business is located

• sari-sari store

• establishment

• factory

• mall

Government estsblishment tend to be a product-producer establishment not public service.

• True
• False

What is the first step a seller should do before selling a product?

• Count money

• Prepare a budget

• Know the needs of the buyer especially the trends

• Go to the market

Why is honesty important for a seller?

• To earn more money

• To avoid talking to customers

• To gain the trust of buyers

• To get a discount

It create or offer something that people want or need, like products (e.g., food, clothing) or services (e.g., haircuts, transportation).