BUYS AND SELLS

PRODUCTS BASED ON
NEEDS AND DEMANDS
PREPARED BY: JOY CAROL G. MOLINA
DRILL: THUMBS UP
OR THUMBS DOWN
RAISE THUMBS UP IS THE STATEMENT IS
CORRECT AND RAISED THUMBS DOWN IF
THE STATEMENT IS INCORRECT.
1. Product Research is also known as consumer
testing or comparative testing.
2. An entrepreneur organizes, manages, and assumes
the risks of a business or enterprise.
3. Product Marketing is a process of promoting and
selling a product to a customer.
DRILL: THUMBS UP
OR THUMBS DOWN
RAISE THUMBS UP IS THE STATEMENT IS
CORRECT AND RAISED THUMBS DOWN IF
THE STATEMENT IS INCORRECT.
4. Product testing is like a background check
for new product idea.
5. An entrepreneur must only have just the
knowledge and skill.
 UNSCRAMBLE
Arranged the ME
scrambled letters
to form a word.
TPORUCD
ERSVCIE
ENDES
TSANW
LESL
UNLOCKING OF DIFFICULTIES

PRODUCT SERVICE NEEDS

WANTS HEIRARCHY
PRODUCT
something
manufactured that
follows a process
SERVICE
A facility that supplies the
public of market demand.
NEEDS
Are basic necessities
of people.
 WANTS
Goods that people wish or
desire.
HIERARCHY
System that organizes or
ranks things, often
according to power or
importance.
Identify the following
pictures if it is
Needs or wants
 Needs are basic necessities of people
such as food, clothing, and shelter.
People cannot survive without them.
What is Nowadays, education and health
needs? care are part of the human needs.
Garment products and real estate
products are always patronized.
 Wants are goods that people desire
What is or wish to have. People can still live
wants? even without these products or
services.
Products and services are bought
because they satisfy the needs and
wants of the customers.
A product is something
that is manufactured
following a process, or
grow and nurtured to be
sold for a profit.
Service
A service is a facility supplying a
public or market demand. Some
examples are hair salons offering
hair care and hairstyling services;
bus companies offering transport
services; and spas and wellness
centers offering massages, skin
care treatments, and the like.
Do you
know
Abraham
Maslow?
Abraham Maslow is a
well-known American
psychologist. He
proposed the different
levels of needs of a
human being. The basic
needs of man are food,
clothing and shelter. He
called them basic
because it pertains to
survival, biological and
physiological needs of
people- things needed in
order to live.
1. Physiological Needs
or Basic Needs are
things needed to
survive such as
healthy food, water,
air, sleep, clothing and
clean shelter.
2. Security needs or
safety needs are also
important for survival
but not as demanding
as basic needs.
Examples of these are
employment,
healthcare, and safe
home.
3. Social Needs
include the need for
belonging, love,
affection, friendship,
attachments and
families.
4. Esteem needs
include personal
worth, social
recognition, and
accomplishments.
5. Self-
actualization or
self-fulfillment
needs are personal
awareness and
have less concern
with the opinion of
others.
Selling of Products Based on
Needs and Demands In the
School and Community
 Demands are a step ahead of
wants. It is the amount of
interest to a given product
dEMANDS that consumers are willing
to buy at a given price, at a
given period.
 Sellers could offer products
in the school and the
community based on
sellers existing needs and demands
Bottled water us one
of the most in-
demand products in
school and
community that can
provide solution to
the need.
 Used clothing commonly known as ukay-ukay business offers
imported products and sometimes overruns sold at lower price.
Street foods
Baked products such
as pandesal,
ensaymada, bread
loaf, cakes and other
pastries are equally
saleable.
GROUP ACTIVITY
Identify the following products.
Write N if the product is a Need
and W if it is a Want.

___1. New shoes

___2. fish
___3. food
___4. shelter
___5. new car
FILL IN THE
BLANKS
Fill in the blanks with
the correct word to
complete the sentence.
Choose your answer
from the box.
 What will be your priority if
you plan for celebration? Why
or why not?
 If you are a seller, what
products do you think are in
demand in your place? Why are
these products in demand?
How can you say that it is
needs?
What will you do if the
produtcs are demands in
the market?
 How will you satisfy the
needs and demands of the
community?
 Assignment:
Research and list at least 3 products or services of people
during one (1)special occasion celebrated in the
Philippines. Follow the format below.
Identify the following products.
Write N if the product is a Need
and W if it is a Want.

___1. New shoes

___2. fish
___3. food
___4. shelter
___5. new car
RESOURCE
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