ICT-EPP SUMMATIVE TEST

Buyer is defined as "a party which acquires, or agrees to acquire, ownership (in case of goods), or benefit or usage (in case of services), in exchange for money or other consideration under a contract of sale."

• TRUE

• FALSE

Seller is defined as " a party that makes, offers or contracts to make a sale to an actual or potential buyer."

• TRUE

• FALSE

A buyer is someone who makes a purchase while seller is someone who sells something.

• TRUE

• FALSE

To be a successful seller, you must not consider building relationship to buyers.

• TRUE

• FALSE

An entrepreneur also buys the raw materials to create a product that he would like to sell.

• TRUE

• FALSE

An entrepreneur can be both a buyer and a seller

• TRUE

• FALSE

Buying process is the series of steps that a consumer will take to make a purchasing decision.

• TRUE

• FALSE

Buying process is the series of steps that a consumer will take to make a purchasing decision.

• TRUE

• FALSE

One of the unique product that could be easily sell is making Polvoron.

• TRUE

• FALSE

In selling process the first thing you must do is to conduct prospecting and qualifying of buyers of your product.

• TRUE

• FALSE