TLE 6

He/ she is the owner of the store or business or establishment.

• Individual

• Seller

• Buyer

• Students

He/ she chooses the right quality of goods that would best satisfy his/her needs and wants.

• Individual

• Seller

• Buyer

• Students

He/ she must learn the art of selling.

• Individual

• Seller

• Buyer

• Students

He/ she must have adequate knowledge of what he/ she is selling.

• Individual

• Seller

• Buyer

• Students

He/ she can compute the cost of his product and determine its selling price and profit.

• Individual

• Seller

• Buyer

• Students

They are those who covert raw materials into finished product.

• Producers

• Manufacturers

• Middleman or Traders

• Wholesalers

They are those who plants and harvest products as in the case of fruits and vegetables.

• Producers

• Manufacturers

• Middleman or Traders

• Wholesalers

They are those who buy from manufacturers or producers in big bulk, then sell these in retail to owners of sari-sari stores, mini groceries, mobile stores, and the like.

• Producers

• Manufacturers

• Middleman or Traders

• Wholesalers

Who is the retailer?

• Owner of hotel

• Owner of barangay

• Owner of sari-sari store

• all of the above

It refers to the part of the price that covers the product. It is the amount paid for the merchandise.

• Cost

• Markup

• Profit

• Selling price