Write T if the statement is True ang F if it is false.

1.) The first and foremost transaction between the buyer and seller in which money or something considered to have monetary value in exchanged for goods and service i called selling.
2.) Needs are things mecessary for suvival while demands are the amount of interest to a given products that customers want to buy at a given period.
3.)COVID-19 pandemic has an effect on some product that are saleable before but no longer saleable today due to tye fear of the pandemic.
4.) Needs and demands of the people do not depend upon the season, occasion, and situation bring faced by potential costumers.
5.) Providing quality products and ensuring customers' satisfaction must be prioritized by entrepreneurs aside from gaining the desired profit.