Republic of the Philippines Write Agree on the line if the statement is correct and Disagree if

DEPARTMENT OF EDUCATION the statement is incorrect.

Region IV – A CALABARZON 11. Buyers are persons who agree to purchase finished
Schools Division Office of Rizal products or services.
BARAS SUB-OFFICE
BARAS PINUGAY ELEMENTARY SCHOOL ANNEX 12. Sellers should not provide warranty for the products or
services.

SUMMATIVE TEST NO. 1 – TLE-ICT 6 13. Sellers are persons who transfer goods and provide services in exchange for
FIRST QUARTER money.

14. Sellers should make business fairly with buyers.

NAME: ___________________________ GRADE & SECTION: ________
15. To provide warranty to buyers is a right of the sellers.
Read the following statements below. Identify and write B if it refers to the
Buyer and S if it’s Seller. Among the products that are always in demand are food items. Identify

1. Owns or manages a store or business establishment. which of the following is a need or want:

2. Also refers to a consumer who makes use of the goods to meet his/her needs or
wants and those of his family. 16. New shoes 21. Bread
17. Water 22. Additional Clothes
3. Offers goods, products, or services to those who need it
18. Food 23. Extra Cellphone
4. Sells products, goods, or services at a specified amount 19. Shelter 24. Fish
called selling price.
20. New Car 25. Meat
5. Also called the end user because they use the goods or products or services that Enumerate the 5 steps in Buying Process.
meet the needs and wants and derive satisfaction from its use.
26.
6. A person who buys goods or services.

7. Someone who offers something for sale. 27.

8. Must learn the art of offering.

28.
9. Anybody who makes a purchase of products.
29.
10. The person who buys goods or services in the market or
store. 30.
ANSWER KEY

1. S
2. B
3. S
4. S
5. B
6. B
7. S
8. S
9. B
10. B
11. Agree
12. Disagree
13. Agree
14. Agree
15. Disagree
16. Want
17. Need
18. Need
19. Need
20. Want Steps in Buying Process
21. Need 26. Recognition of Needs and Wants
22. Want 27. Information Search
23. Want 28. Evaluation of Choices
24. Need 29. Purchase Decision
25. Need 30. Post Purchase Evaluation