True or False: Write whether the statement is True and False if not.


1. Buyer is defined as "a party which acquires, or agrees to acquire,
ownership (in case of goods), or benefit or usage (in case of services), in exchange
for money or other consideration under a contract of sale."


2. Seller is defined as "a party that makes, offers or contracts to make
a sale to an actual or potential buyer."


3. A buyer is someone who makes a purchase while seller is someone
who sells something


4. To be a successful seller, you must not consider building
relationship to buyers.
5. An entrepreneur also buys the raw materials to create a product that
he would like to sell.


6. An entrepreneur can be both a buyer and a seller.
7. Buying process is the series of steps that a consumer will take to
make a purchasing decision.


8. A want is an important product that you must acquire while a need is
a product that you desire but is not important.


9. One of the unique product that could be easily sell is making Polvoron.


10. In selling process, the first thing you must do is to conduct
prospecting and qualifying of buyers of your product.​