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Worksheets

Buyer and Seller

Total questions: 15

Worksheet time: 3mins

Name
Class
Date
1.

Person who purchases good and services

a)

Buyer

b)

Selller

2.

Person who transferred goods and services

a)

Buyer

b)

Seller

3.

Provide warranty for the product

a)

Buyer

b)

Seller

4.

A person who has the right to choose his desire goods and services

a)

Buyer

b)

Seller

5.

Offers product in exchange of money

a)

Buyer

b)

Seller

6.

Is it a product or service?

a)

PRODUCT

b)

SERVICE

7.

Is it a product or service?

a)

Product

b)

Service

8.

Is it a product or service?

a)

Product

b)

Service

9.

Is it a product or service?

a)

Product

b)

Service

10.

Is it a product or service?

a)

Product

b)

Service

11.

It is the necessity of people.

a)

Needs

b)

Wants

c)

Demand

12.

These are products that an individual desires to have.

a)

Needs

b)

Wants

c)

Demand

13.

Products that are always in demand.

a)

Clothes

b)

Shoes

c)

Food

14.

Why do people buy products and services?

a)

because they wanted it

b)

because it satisfies their wants and needs

c)

because they don't know where to spend their money

15.

An entrepreneur must base their products and services to:

a)

people's wants

b)

people's needs

c)

people's wants and needs