Producing, Buying, and Selling Quiz

Who is a person that starts a business and assumes risks to earn a profit?

• Buyer

• Seller

• Entrepreneur

• Manager

Who is the person who buys goods or services to meet needs?

• Seller

• Entrepreneur

• Buyer

• Supplier

Who offers goods, products, or services at a specified selling price?

• Manager

• Buyer

• Seller

• Consumer

What term describes something created or grown to be sold for profit?

• Demand

• Product

• Service

• Profit

What refers to the financial gain after deducting costs?

• Service

• Demand

• Profit

• Goods

What does 'demand' mean in business?

• Physical items for sale

• Desire and willingness to pay for a product or service

• A facility supplying needs

• Money earned

What facility or entity engages in commercial or professional activities?

• Establishment

• Product

• Buyer

• Demand

Which of these is a simple product students can produce?

• Polvoron

• Computer

• Smartphone

• Car

Making polvoron requires:

• Toasting flour, mixing, molding

• Building a mold from metal

• High-tech machinery

• Only buying ready-made ingredients

What is an important step before selling your product?

• Testing it for quality

• Buying more than you need

• Ignoring packaging

• Posting without planning