Quiz 1 ENTREPRENEURSHIP

A person who starts a business and is willing to take a loss to make money.

• buyer

• consumer

• seller

• end user

It is something manufactured following a processor grown or nurtured to be sold for a profit.

• service

• laundry service

• carwash

• product

A facility supplying a public or market need or demand.

• product

• fruits

• sari-sari store

• service

Buys goods or services from the seller

• entrepreneur

• seller

• buyer

• owner

Also called the end user because they use the good or product or service to meet the needs and wants of consumers and derive satisfaction from it.

• seller

• proprietor

• owner

• buyer