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___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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