Buys and sells products based on needs

As an entrepreneur or a seller, the Summer Season can be an exact time for business. What product would you like to sell to your classmates or friends in social media?

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Your father give you a money to buy online a new pair of shoes as a gift. But the phone you are using in your Virtual Classes was broken. What will you choose to buy?

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• needs

• wants

• demands

• needs

• wants

• demands

• needs

• wants

• demands

As an entrepreneur, What are the importance of knowing the needs of people?

• To avoid business failure

• Wise spending

• To determine what products or services to sell.

• All of the above

The following are considered as wants EXCEPT?

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• wants

• needs

• demands

It is something necessary to live a healthy life and is something required for a safe and healthy life.

• needs

• wants

• demands

Are good or services or services that people desire or wish to have. People can live without these products or services.

• needs

• wants

• demands