A. True or False. Direction: Read the statement carefully. Write the word True if the
statement is correct and False if it is incorrect.
True
1. An entrepreneur plays a vital role in society because he or
she contributes to economic development by helping build
industries.
2. Different products and within the same category serve the
same customer needs.
3. Buyers or group are people who transfer goods and services to the
buyers in exchange for money.
4. Product is something that is created and produce following a
process, or grown in order to be sold for a profit.
5. An entrepreneur must have not just the knowledge and skill but also
the proper values and attitude.​