TLE grade 5

TLE grade 5

by Benedict Mortel

​products and services

​A person that show the capacity and willingness to develop and manage a business to earn profits is a Entrepreneur.

​A businessman that can meet the needs and expectation of their costumer is called a successful Entrepreneur.

​Products

​These are results of different material made, grown, processed and innovated into something to sold or used

​Ex.

​clothes

​food

​electronics

​etc.

​types of products

​1. Goods- beneficial products manufactured for the consumers

​Durable goods- expensive yet durable and quality

​ ex. clothes & jewelry etc.

​Non-durable goods-easy consumed or worn-out

​ ex: food and drinks

​Services

​Paid Functions provided by experts which are available as entrepreneurial activities

​Ex. laundry cleaning services

​ printing services

​ spa services

​ restaurants

​Types of services

​Rental good Services-The products of the sellers are rented.

​ex: renting a tent, chairs&tables etc.

​Owned goods services-the seller renders repair and maintenance to the products of the consumers

​ex: repair shop

​Non-goods services: provides personal services

​ex: Doctors, Engineer etc

Fertilizers​

​

​fertilizer

​it is very important or crops, it enriches the soil to give enough nutrients to the plants

​Kinds of Fertilizers

​Organic- Came from decayed plants and animals, manure, kitchen refuse and any more matters called compost.

​Inorganic- minerals that are commercially available

(this kind of fertilizers pollute the soil)