1. Multiple Choice: Choose the letter of the correct answer and write in your paper. 1. How will you determine needs/demands of potential customers in the school or neighborhood? a. Buying b. Interview c. Resourcefulness 2. It is the item offered for sale. It can be physical or in virtual or cyber form and is made at a cost and each is sold at a price? a. Product b. Business c. Market 3. What is the slogan in marketing today? a. "if you do not have a market, buy one!" b. "if you do not have a market, create one!" c. "if you do not have a market, sell one!" 4. It is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. a. Buyers b. Demands c. Entrepreneur 5. In creating simple products to sell, entrepreneurs must use and a. Creativity and resourcefulness b. Diligent and faithful c. Friendly and honest 6. Are material things wanted by human beings? They can be seen or touched, what is it? a. Good b. Services c. Market 7. It is non-material things These cannot be seen or touched only their effects are felt, what is it? a. Good b. Services c. Market​

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