Business and Sales Quiz

A person who starts a business and is willing to risk loss in order to make money.

• buyer

• seller

• entrepreneur

• manager

It is the person who buys goods or services from the seller.

• entrepreneur

• manager

• buyer

• seller

This person owns or manages the store or business establishment and offers goods, products, or services to those who need it.

• lawyer

• teacher

• buyer

• seller

These are the qualities of a seller; EXCEPT one

• product knowledge

• good communicator

• negotiator

• demand

Is often part of the buying process, especially for big-ticket items. Buyers who can negotiate effectively can secure better deals or terms.

• negotiation skills

• needs awareness

• decision-making skills

• trustworthiness

Buyers should have a clear understanding of their own needs and preferences. This helps in making informed decisions and ensures satisfaction with the purchase.

• negotiation skills

• be mindful

• financially wise

• trustworthiness

When you pay something at a store, you are the__.

• entrepreneur

• manager

• buyer

• seller

A seller must have a deep understanding of the products or services they are offering.

• seller

• buyer

• demand

• product knowledge

The ability to adapt to different situations and customer needs is essential.

• seller

• buyer

• Adaptability

• product knowledge

Good buyers possess effective decision-making skills. They can evaluate options, weigh pros and cons, and make choices that align with their needs and budget.

• financially wise

• seller

• adaptability

• product knowledge