Identifying the Buyer and the Seller and Produce Simple Products

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

Something you buy based on your needs and wants is called __________.

• education

• goods

• bills

• service

It is manufactured following a process or grown and nurtured in order to be sold for a profit.

• demand

• product

• service

• profit

It is a facility supplying a public or market demand.

• establishment

• school

• factory

• canteen

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

• entrepreneur

• manager

• buyer

• seller

A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

• service

• profit

• demand

• goods

It is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.

• establishment

• factory

• school

• business

A consumer’s desire to purchase goods and services and willingness to pay a price for a specific good or service.

• profit

• product

• demand

• business