EPP Quiz #1: Buyers and Sellers | Needs, Wants, and Demands
Authored by John Romano
Life Skills, Business
6th Grade
Used 14+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the concept of providing of products and services to the people or consumers.
Buying
Business
Storehouse
Warehousing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are the people who transfer products or services to the buyers in exchange for money.
Sellers
Manufacturers
Warehouseman
Buyers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People who agree to purchase products or services presented with the prescribed or correct features.
Sellers
Manufacturers
Warehouseman
Buyers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These products are the necessities of people, such as food, clothing, and shelter
Needs
Wants
Demands
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are the products that consumers are willing to buy at a given price, in a given period.
Needs
Wants
Demands
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
|These are the products or services that people desire or wish to have. These are not an obligatory part of life.
Needs
Wants
Demands
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first level of needs in Abraham Maslow's Hierarchy of Needs?
Psychological needs
Safety or security needs
Physiological needs
Self-Actualization needs
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