Choose the letter of the best answer. Write the letter on a separate sheet of paper.
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. 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
5. It is a facility supplying a public or market demand.
a. establishment b. school c. factory d. canteen
6. Something you buy based on your needs and wants is called _____.
a. education b. goods c. bills d. service
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