Budgeting and Buying & Selling

They are the ones who sell people the things they need and want.

• Seller

• Buyer

It is something necessary to live and function.

• Want

• Priority

• Money

• Need

The _______ is the consumer or end user of the product/good.

• Buyer

• Seller

• Marketer

• Organizer

A buyer can also be a seller and seller can also be a buyer.

• TRUE

• FALSE

It is a list of items of expenditures that one plans to spend in a given income or amount.

• Market List

• Planner

• Budget

• Menu

Making a practical budget gives a feeling of anxiety knowing that your income is enough for the expenses of the family.

• TRUE

• FALSE

They work exclusively online without any physical location of store.

• Retailers

• Wholesalers

• Manufacturers

• Online Sellers

Which of the following is a good characteristic of a good entrepreneur?

• willing to take a risk

• willing to be alone

• easily distracted by someone

• gives decision immediately

They are sellers who think about the needs of the community.

• Manufacturers

• Entrepreneurs

• Retailers

• Wholesalers

Which of the following is NOT a characteristic of a good buyer?

• not an impulsive buyer

• always takes consideration of the price, quality and quantity

• buys what he/she wants

• avoids panic buying