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Identifying the Buyer and the Seller

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What I Know

​What’s New

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​​Look at the picture then,say something About it.Then Answer the questions below.

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FAMOUS SUCCESSFUL FILIPINO ENTREPRENEURS

​1.SOCORRO C. RAMOS

National Book Store, Inc.

​2.TONY TAN CAKTIONG

Jollibee Foods Corporation

3.Lucio Tan

Philippine Airlines

FAMOUS SUCCESSFUL FILIPINO ENTREPRENEURS

​ 4.Lolita Hizon

​Pampanga Best Tocino

​ 5.Cecilio Pedro

​ Hapee Toothpaste

​ 6.Alfredo Yao

​ Zest- O

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1. What do you think are the secrets of their success in entrepreneurship?

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​2. Why is it important to build a business?

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3.Do you wish to become like them? Why or why not?

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What is It

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A product is something that is manufactured following a process, in order to be sold for a profit.

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A service is a facility supplying a public or market needed or demand.

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There are two people or parties involved in business transaction such as selling and buying.

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The Seller

- owns or manages a store or business establishment

- offers goods, products, or services to those who need it

- must learn the art of selling

- must maintain good relationships with people, patient, and

courteous towards the prospective consumers or buyers.sells products, goods, or services at a specified amount called selling price

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The Buyer

- buys goods or services from the seller

- is also a consumer who makes use of the goods to meet

his/her needs or wants and those of his family

- also called the end user because they use the good or

product or service in order to meet the need

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What I Have Learned

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Formative Assessment

     THANK you for Listening