Unit Exercise 3

What are the basic necessities of human life know as?

• Four requisites

• Important factors

• Essential factors

• Factors of LIfe

Which one is not a type of goods or service that satisfies health needs?

• hospital

• life insurance

• medicine

• Jewelry

Which of these is an advantage of planning purchases?

• It helps us get the right goods.

• It helps us save time on shopping.

• It helps to avoid buying unwanted goods.

• All of the above

What is the benefit of the following principle: Consider the purpose of buying and using a particular product.

• Avoid unnecessary expenses.

• Getting the highest value for the money.

• Obtaining all the necessary goods.

• None of the above

What is the benefit of the following principle: Make a list of the necessary products to buy.

• Avoid unnecessary expenses.

• Getting the highest value for the money.

• Obtaining all the necessary goods.

• None of the above

What is the benefit of the following principle: Compare prices of the same kind of goods between different brands and shops.

• Avoid unnecessary expenses.

• Getting the highest value for the money.

• Obtaining all the necessary goods.

• None of the above

What is a good?

• an intangible product that can be seen and touched.

• a tangible product that can not be seen and touched.

• a tangible product that can be seen and touched.

• an intangible product that can not be seen and touched.

What is a service?

• an intangible product that can not satisfy human needs

• a tangible product that can not satisfy human needs

• a tangible product that can satisfy human needs

• an intangible product that can satisfy human needs

What is the meaning of satisfy?

• To make somebody pleased by not doing or not giving them what they want.

• To make somebody pleased by doing or giving them what they want.

• To make somebody mad by doing or giving them what they want.

• none of the above

What is the meaning of demand?

• the need or desire that people have for particular goods and services.

• the amount of goods or services available.

• the type of goods or services available.

• none of the above.