1. Which of the following products are essential and in-demand in this trying time
or the pandemic we are experiencing?
A. bags, shoes, jewelries
B. car, new clothes, cellphone
C. water, food, personal hygiene products such as alcohol, soap, etc.
D. appliances, new toys & other gadgets
2. What do you call the person who buys goods or services from the seller?
A. Buyer B. Seller C. Manufacturer D. Product
3. It is something that is manufactured after following a process or grown and
nurtured to be sold for a profit or it can be anything that can be offered to the market
to satisfy a want or a need of the customers.
A. Buyer B. Seller C. Manufacturer D. Product
4. These are the necessities of people such as food, clothing, and shelter or the
important product that you must acquire.
A. Needs B. Wants C. Demand D. Service
5. What do you call the owner of a store or business establishment?
A. Buyer B. Seller C. Manufacturer D. Product
6. It is a facility supplying a public or market demand.
A. Buyer B. Seller C. Manufacturer D. Service
7. It is the amount of interest to a given product that consumers are willing to buy
at a given price and at a given period.
A. Needs B. Demands C. Wants D. Products
8. Which of the following is not included in the needs of a person?
A. Food B. Shelter C. New cellphone D. Water
9. The following are referring to the wants or product desire of a person. Which of
the following does not belong to the group?
A. New Car B. Gaming gadgets C. Additional clothes D. Food
10. Liza is buying some products in the market. What do you think she needs to
consider in buying?
A. Choose only expensive products in the market.
B. Choose a nutritious kind of product in a reasonable price.
C. Buy products not in the list and spend the money with other things.
D. All of the above.