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Write True if the statement is correct and False if it is wrong.
1. A product is something that is manufactured following a process, in order to be sold for a profit.
2. A service is a facility supplying a public or market needed or demand. Some examples are hair salon, bus companies, spas and wellness centers, and the like.
3. The seller and the buyer are the two people or parties involved in business transaction.
4. School is a facility supplying a public or market demand.
5. Bills something you buy based on your needs and wants.
6. A person who starts a business and is willing to risk loss in order to make money is called
entrepreneur
7. A product is manufactured following process or grown and nurtured in order to be sold for a profit
8. When you pay something at a store, you are the buyer.
9. The seller sells products, goods, or services at a specified amount called his selling price.
10. The buyer is the person who buys goods or services from the seller.​