Technology and Livelihood Education Quarter 1 Summative Test (Module 1 and 2)

A person who starts a business and is willing to risk loss in order to make money.

It is the person who purchase goods or services from the seller.

This person owns or manages the store or business establishment and offers goods, products, or services to those who need it.

It is manufactured following a process or grown and nurtured in order to be sold for a profit.

It is a facility supplying a public or market demand.

Something you buy based on your needs and wants is called _______.

When you pay for something at a store, you are the _________.

A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

It is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.

A consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.

Owns or manages a store or business establishment.

Also refers to a consumer who makes use of the goods to meet his/her needs or wants and those of his/her family.

Offers goods, products, or services to those who need it.

A _________ gives a specific amount called selling price of the products, goods or services.

A ___________ is also called an end user because they use the goods, products or services that meet the their needs, wants and derive satisfaction from its use.