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Identifying the Buyer and the Seller and Produce Simple Products

Total questions: 20

Worksheet time: 30mins

Name
Class
Date
1.

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

a)

buyer

b)

seller

c)

entrepreneur

d)

manager

2.

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

a)

entrepreneur

b)

manager

c)

buyer

d)

seller

3.

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

a)

lawyer

b)

teacher

c)

buyer

d)

seller

4.

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

a)

education

b)

goods

c)

bills

d)

service

5.

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

a)

demand

b)

product

c)

service

d)

profit

6.

It is a facility supplying a public or market demand.

a)

establishment

b)

school

c)

factory

d)

canteen

7.

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

a)

entrepreneur

b)

manager

c)

buyer

d)

seller

8.

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

a)

service

b)

profit

c)

demand

d)

goods

9.

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

a)

establishment

b)

factory

c)

school

d)

business

10.

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

a)

profit

b)

product

c)

demand

d)

business

11.

Owns or manages a store or business establishment.

a)

seller

b)

buyer

12.

Also refers to a consumer who makes use of the goods to meet his/her needs or wants and those of his family.

a)

seller

b)

buyer

13.

Offers goods, products, or services to those who need it.

a)

seller

b)

buyer

14.

Sells products, goods, or services at a specified amount called selling price.

a)

seller

b)

buyer

15.

Also called the end user because they use the goods or products or services that meet the needs and wants and derive satisfaction from its use

a)

seller

b)

buyer

16.

A person who buys goods or services.

a)

seller

b)

buyer

17.

Someone who offers something for sale.

a)

seller

b)

buyer

18.

Must learn the art of offering.

a)

seller

b)

buyer

19.

Anybody who makes a purchase of products.

a)

seller

b)

buyer

20.

The person who buys goods or services in the market or store .

a)

seller

b)

buyer