Technology and Livelihood Education

Technology and Livelihood Education

by JULIETA FABRO

​

Identifying the Buyer and the Seller

​

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

​

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

​

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

​

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

​

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

​

​

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

​

What is It

​

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

​

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

​

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

​

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

​

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

​

What I Have Learned

​

Formative Assessment

     THANK you for Listening