TLE6 WEEK 2 Q4
TLE6 WEEK 2 Q4
6
TLE
QUARTER
4
Week 2 Day
1
Buys and sells
products based
on needs
Code : TLEIE6-
BUYING AND
SELLING
PRODUCTS
BASED
ON NEEDS
Recall past
lesson.
What are the things to
remember when
putting up a
business?
Which among these are your needs? Wants?
From the activity,
define what is
want. What is
need?
• Needs are basic necessities of people such as food,
clothing, and shelter. People cannot survive without
them. Nowadays, education and health care are part
of the human needs. Garment products and real
estate products are always patronized.
Wants are goods that people desire or wish to have. People can
still live even without these products or services. Electronic
products and entertainment industry fall under this category.
Demands are a step ahead of wants. It is the amount
of interest to a given product that consumers are
willing to buy at a given price, at a given period. The
basic difference between wants and demands is desire.
a. Wants c. Demands
b. Needs d. Products
a. Needs c. Demands
b. Wants d. Entrepreneur
5. The _________ of the needs of people helps
entrepreneurs market their products and services.
a. Knowledge c. Demands
b. Wants d. Needs
10. _______ are bought and paid because they satisfy the
needs and wants of a customer.
a. Products and services
b. School and community
c. Entrepreneur and Knowledge
d. Clothing and shelter
WEEKLY
TEST
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