Grade 6 TLE Q1 Ep1 Produce Simple Products

What is the term for a person who starts a business and is willing to risk loss in order to make money?

• Employee

• Manager

• Entrepreneur

• Investor

What is the term for a person who buys food and other merchandise?

• Consumer

• Seller

• Supplier

• Buyer

Where can a variety of merchandise be sold?

• Market

• Warehouse

• Mall

• Store

What is the term for a person who sells merchandise to buyers?

• Consumer

• Seller

• Buyer

• Supplier

What refers to products bought by the buyer and sold by the seller?

• Goods

• Services

• Assets

• Inventory

What is the term for the amount of money needed to pay for or buy something?

• Income

• Profit

• Revenue

• Expenses

What is the term for the money that is made in a business or to get money from something?

• Expenses

• Profit

• Revenue

• Income

What is the term for the activity of making, buying, or selling goods or providing services in exchange for money?

• Business

• Commerce

• Industry

• Trade

What is the term for something that is shown or presented to the public to help sell a product or make an announcement?

• Promotion

• Advertisement

• Campaign

• Marketing

What is the term for the person who meets the needs of other people by fulfilling their demands for products and services?

• Consumer

• Supplier

• Entrepreneur

• Investor