TLE-6 ICT and ENTREPRENEURSHIP

1. Katrina is the owner of KB’s Grocery, she offers goods and services. Therefore she is_____.

• Ⓐ buyer

• Ⓑ seller

• Ⓒ creditor

• Ⓓ debtor

2. Barney bought egg, rice and can goods to KB’s Grocery. Barney is called__________.

• Ⓐ seller

• Ⓑ debtor

• Ⓒ buyer

• Ⓓ creditor

3. The buyer is also called____________.

• Ⓐ consumer

• Ⓑ producer

• Ⓒ manufacturer

• Ⓓ debtor

4. The seller must possess the following quality except;

• Ⓐ As a person he/she must be in good health, possess character such as being cheerful, honest and prompt in attending his costumers.

• Ⓑ He/she must have an adequate knowledge of what he/she is selling, can compute the cost of his product, determine its selling price and profit.

• Ⓒ He/She must think on how to gain more profit than services

• Ⓓ Must have pleasing personality

5. The following are the steps in making our product, which is not?

• Ⓐ Design your product

• Ⓑ Decide what materials to use.

• Ⓒ Copy the product of others.

• Ⓓ Advertise your product.