TLE
II. Direction:  Read the statement carefully. Write True if the statement is correct and False if it is incorrect.

 
_____1.   People can live even without things they wish to have.

_____2.   Needs are the interest to a given product that consumers are willing to buy at a given price at a given period of time.

_____3.   Sellers can offer product based on the needs and demands of the community.

_____4.   Demands are the products or goods that desire or you wish to have.

_____5.   The process of buying starts with the recognition of needs and wants.

_____6.    Products are bought and paid because they satisfy the needs and wants of the buyer.

_____7.   The buying decision always go with what you wanted to have.

_____8.   The knowledge of the needs of  people helps the entrepreneur market their products.

_____9.    Buyers can offer product based on the need of the community.

_____10.  Producing simple products starts with a hobby.

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