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Directions: Encircle the letter of the correct answer.
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. This is produced by the seller to be consumed by the buyer
A. budget B. market C. product D. store
5. These are containers or other household use to produce the product
A. apron B. capital C. location D. utensils
6. What should be considered to make the product appealing?
A. budget B. packaging C. procedure D. taste
7. A series of action to be done to produce quality product
A. ingredients B. procedure C. evaluation D. budget
8. Why is there a need to identify the demands of your customer? So that you___
A. earn low profit C. can start the good plan of your product B. identify the materials needed D. know the potential customer
9. What kind of product you should sell?
A. cheap but easily broken B. damaged C. expensive D. quality
10. To ensure that your products can be sold and to find out the needs and demands of your customers you need to make a
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