SELLERS and BUYERS

________is the one who acquires goods in exchange for a sum of money.

It is also known as vendor.

• manufacturer

• buyer

• seller

• producer

There are two parties involved in a marketing transaction such as selling and buying.

• TRUE

• FALSE

Sellers and buyers should have a sound buying to get the best buy for their money.

• TRUE

• FALSE

As a buyer, she/he must learn the art of selling.

• TRUE

• FALSE

As a seller, she/he must possesses the good character such as being cheerful, honest, and prompt in attending to his/her customers.

• TRUE

• FALSE

Buyers are also called consumers because they consume or use what they buy and end users.

• TRUE

• FALSE

The amount of money added to the cost of goods you sell is the income you earn from that good.

• TRUE

• FALSE

Buyer chose the right quality of goods that would best satisfy his/her needs and wants.

• TRUE

• FALSE

The seller must have a good and sound buying program so he can get most profit and give the best buy for their money.

• TRUE

• FALSE