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?

<p>Entrepreneurial skills (B)</p> Signup and view all the answers

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

<p>Understand how to set product prices effectively (B)</p> Signup and view all the answers

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

<p>The four Ps: product, price, promotion, and placement (C)</p> Signup and view all the answers

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

<p>Cost of raw materials (B)</p> 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?

<p>Their sales contribute to the local and national economy (B)</p> Signup and view all the answers

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

<p>Textiles (A)</p> Signup and view all the answers

Why is learning about food preparation important in Home Economics?

<p>To develop lifelong skills for a healthier lifestyle (D)</p> Signup and view all the answers

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

<p>Woodworking and painting (C)</p> Signup and view all the answers

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

<p>Lifelong skills in textile production and design (C)</p> Signup and view all the answers

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

<p>Enhancing creativity and practical skills (A)</p> Signup and view all the answers

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