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Supply and Demand in School and Community

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Supply and Demand in School and Community

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Questions and Answers

What does the seller in the text do?

Buys and sells products based on wants

Only sells products based on needs

Only sells products based on demands

Buys and sells products based on needs (correct)

What differentiates the products the seller deals with?

Needs and wants of customers (correct)

Price of products

Quality of products

Demand in the market

What is the primary focus of the seller's business activities?

Helping the community (correct)

Selling products at any cost

Adapting to customer demands

Maximizing profits

What skills do students develop when they sell products based on needs and demands in Home Economics classes?

Entrepreneurial skills Signup and view all the answers

In Home Economics, what does learning about market dynamics enable students to do?

Understand how to set product prices effectively Signup and view all the answers

What do students learn about through the principles of marketing in Home Economics?

The four Ps: product, price, promotion, and placement Signup and view all the answers

What is one of the factors that impact product pricing that students learn about in Home Economics classes?

Cost of raw materials Signup and view all the answers

How do students contribute to the economy through selling products based on needs and demands in school and community?

Their sales contribute to the local and national economy Signup and view all the answers

What is one of the key areas covered in Home Economics related to producing simple products?

Textiles Signup and view all the answers

Why is learning about food preparation important in Home Economics?

To develop lifelong skills for a healthier lifestyle Signup and view all the answers

In Home Economics, what do students learn related to crafts and hobbies?

Woodworking and painting Signup and view all the answers

What kind of skills does learning about textiles in Home Economics help students develop?

Lifelong skills in textile production and design Signup and view all the answers

How do activities related to crafts and hobbies benefit students in Home Economics?

Enhancing creativity and practical skills Signup and view all the answers