Purchasing Local Goods and Services

1. What is the term that can be offered in a market that might satisfy a want or a need?

• a. package

• b. product

• c. service

• d. technology

2. What classification of products are intangible products?

• a. grown products

• b. manufactured products

• c. processed products

• d. service

3. What classification of products are bags, shoes and dress?

• a. grown products

• b. manufactured products

• c. processed products

• d. service

4. What classification of products are modern gadgets such as cellphone and computers?

• a. grown products

• b. manufactured products

• c. processed products

• d. service

5. What classification of products are apples, tomatoes and corn?

• a. grown products

• b. manufactured products

• c. processed products

• d. service

6. Which of the following is the benefit of purchasing local goods and services?

• a. stops the colonial mentality

• b. know your customers

• c. ensure sustainability of the items

• d. find the right place to buy

7. Which of the following is the factor to consider when purchasing goods and services?

• a. additional income to government

• b. develops Filipino skills

• c. get the behavior of the patrons

• d. gives affordable price

8. What do you call the stocks of goods and materials available for production or manufacturing?

• a. stock card

• b. control

• c. inventories

• d. stocks

9. What do you call an approach or strategy that checks, and balance resources needed in the business?

• a. stock card

• b. control

• c. inventories

• d. stocks

10. What is a good strategy to control records of goods and materials?

• a. stock card

• b. control

• c. inventories

• d. stocks