Technology and Livelihood Education

Technology and Livelihood Education

by JULIETA FABRO

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Identifying the Buyer and the Seller

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What I Know

Multiple Choice

Choose the letter of the best answer. Write the letter on a separate sheet

of paper.

1.This person owns or manages the store or business

establishment and offers goods, products, or services to those

who need it.

• a. lawyer

• b. teacher

• c.buyer

• d. seller

Multiple Choice

Choose the letter of the best answer. Write the letter on a separate sheet

of paper.

2.It is the person who buys goods or services from the seller.

• a. entrepreneur

• b. manager

• c. buyer

• d. seller

Multiple Choice

Choose the letter of the best answer. Write the letter on a separate sheet

of paper.

3.Something you buy based on your needs and wants is called

• a. education

• b. goods

• c. bills

• d. service

Multiple Choice

Choose the letter of the best answer. Write the letter on a separate sheet

of paper.

4.When you pay something at a store, you are the

• a. entrepreneur

• b. manager

• c. buyer

• d. seller

Multiple Choice

Choose the letter of the best answer. Write the letter on a separate sheet

of paper.

It is manufactured following a process or grown and nurtured

in order to besold for a profit.

• a. demand

• b. product

• c. service

• d. profit

​What’s New

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​​Look at the picture then,say something About it.Then Answer the questions below.

Fill in the Blank

WHO ARE THE FAMOUS SUCCESSFUL FILIPINO ENTREPRENEURS?

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FAMOUS SUCCESSFUL FILIPINO ENTREPRENEURS

​1.SOCORRO C. RAMOS

National Book Store, Inc.

​2.TONY TAN CAKTIONG

Jollibee Foods Corporation

3.Lucio Tan

Philippine Airlines

FAMOUS SUCCESSFUL FILIPINO ENTREPRENEURS

​ 4.Lolita Hizon

​Pampanga Best Tocino

​ 5.Cecilio Pedro

​ Hapee Toothpaste

​ 6.Alfredo Yao

​ Zest- O

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1. What do you think are the secrets of their success in entrepreneurship?

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​2. Why is it important to build a business?

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3.Do you wish to become like them? Why or why not?

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What is It

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A product is something that is manufactured following a process, in order to be sold for a profit.

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A service is a facility supplying a public or market needed or demand.

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There are two people or parties involved in business transaction such as selling and buying.

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The Seller

- owns or manages a store or business establishment

- offers goods, products, or services to those who need it

- must learn the art of selling

- must maintain good relationships with people, patient, and

courteous towards the prospective consumers or buyers.sells products, goods, or services at a specified amount called selling price

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The Buyer

- buys goods or services from the seller

- is also a consumer who makes use of the goods to meet

his/her needs or wants and those of his family

- also called the end user because they use the good or

product or service in order to meet the need

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What I Have Learned

Fill in the Blank

Who are two people or parties involved in business transaction

such as selling and buying?

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Formative Assessment

Fill in the Blank

Read the following statements below. Identify and write B if it refers to the

Buyer and S if it’s Seller.

1.Owns or manages a store or business establishment

         

Fill in the Blank

Read the following statements below. Identify and write B if it refers to the

Buyer and S if it’s Seller.

2. Offers goods, products, or services to those who need it

Fill in the Blank

Read the following statements below. Identify and write B if it refers to the

Buyer and S if it’s Seller.

3.Also called the end user because they use the goods or

products or services that meet the needs and wants and

derive satisfaction from its use

Fill in the Blank

Read the following statements below. Identify and write B if it refers to the

Buyer and S if it’s Seller.

4. Someone who offers something for sale.

Fill in the Blank

Read the following statements below. Identify and write B if it refers to the

Buyer and S if it’s Seller.

5. Anybody who makes a purchase of products.

     THANK you for Listening