___1. Which of the following gives a clear idea on what shall be done in order to produce a
product?
A. construction
B. market
C. plan
D. selling

___2. What do you call the process of exchanging products for a certain amount of money?

A. marketing
B. planning
C. producing
D. selling

___3. What does an entrepreneur must have in order to sell products efficiently?

A. capital
B. owner
C. plan
D. product

___4. These are containers or other household materials used to produce the product.

A. apron
B. capital
C. location
D. utensils

___5. It is the ability and need or desire to buy goods and services.

A. demand
B. capital
C. product
D. market

___6. The one that offers products or services in exchange of money.

A. product
B. seller
C. buyer
D. survey

___7. It is where the products are being sold and services being rendered.

A. plan
B. planning
C. capital
D. market

___8. The highest level in Maslow’s Hierarchy. The needs of personal awareness and have

less concern with the opinions of others.

A. Esteem needs

B. Self-actualization
C. Security needs
D. Social needs

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