ENTREPRENEURSHIP

Multiple Choice

refers to the method within which business receive raw materials, add value to them through production, manufacturing, and other processes to form a finished product, and so sell the finished product to consumers.

Multiple Choice

comprises the flow of all information, products, materials, and funds between different stages of making and selling a product to the end-user.

Multiple Choice

the process of finding and hiring the most effective and most qualified candidate for employment opening, in an exceedingly timely and cost-effective manner.

• BUSINESS

• MARKETING

• OPERATIONS

• RECRUITMENT

Multiple Choice

The following are the recruitment process except:

•  Conduct of a job analysis

• Sourcing of talent

• To ensure compliance with policies and laws.

• Introduction and induction of the new employee

Multiple Choice

It describes how an organization creates, delivers, and captures value.

•  Value Chain

• Supply Chain

• Recruitment

• Business Model

GUESS WHO?

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1. With a net worth of $ 269 billion.

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GUESS WHO?

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1. With a net worth of $ 269 billion.

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2. He's the CEO of the world's largest electric vehicle company called Tesla.

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GUESS WHO?

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1. With a net worth of $ 269 billion.

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2. He's the CEO of the world's largest electric vehicle company called Tesla.

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3. He is the founder, CEO, and Chief Engineer at SpaceX.

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GUESS WHO?

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1. With a net worth of $ 269 billion.

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2. He's the CEO of the world's largest electric vehicle company called Tesla.

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3. He is the founder, CEO, and Chief Engineer at SpaceX.

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CAN YOU TELL WHAT'S HAPPENING?​

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1. lightning, thunder rumbles

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CAN YOU TELL WHAT'S HAPPENING?​

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1. lightning, thunder rumbles

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2. dark clouds

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CAN YOU TELL WHAT'S HAPPENING?​

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1. lightning, thunder rumbles

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2. dark clouds

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3. ​a very strong wind

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CAN YOU TELL WHAT'S HAPPENING?​

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1. lightning, thunder rumbles

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2. dark clouds

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3. ​a very strong wind

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4. heavy rains​

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CAN YOU TELL WHAT'S HAPPENING?​

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1. lightning, thunder rumbles

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2. dark clouds

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3. ​a very strong wind

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4. heavy rains​

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​*there's a STORM

FORECAST

THE REVENUE

OF THE BUSINESS

tle_ICTAN11/12EM-Ia-2​

BY: JAY R RAMOS BALDELOVAR

At the end of the lesson the learners must be able to:

tle_ICTAN11/12EM-Ia-2

• Define and explain how to forecast ​the revenue.

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• Create a sample of a Revenue​ Forecast

WHAT I KNOW

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​Choose the letter that you think is the best answer to each of the following questions.

Multiple Choice

1. A __________ is an educated prediction for the upcoming year about how much money your company will likely bring in.

• A. Profit

• B. Revenue 

• C. Financial forecast

• D. forecast

Multiple Choice

2. It is that the amount of cash that a corporation receives during a selected period, including discounts and deductions for a returned merchandise.

• A. Profit

• B. Revenue 

• C. Financial forecast

• D. forecast

Multiple Choice

3. It assists you to satisfy your business goals.

• A. Profit

• B. Revenue

• C. Financial forecast

• D. forecast

Multiple Choice

4. It is the amount for which a single item is acquired or produced.

• A. unit cost

• B. cost

• C. unit price

• D. total cost

Multiple Choice

5.The amount for which a single item is sold.

• A. unit cost

• B. cost

• C. unit price

• D. total cost

Multiple Choice

6. The cost multiplied by the number of items.

• A. unit cost

• B. cost

• C. unit price

• D. total cost

FORECAST

THE REVENUE

OF THE BUSINESS

tle_ICTAN11/12EM-Ia-2​

BY: JAY R RAMOS BALDELOVAR

​is an educated prediction for the upcoming year about how much money your company will likely bring in, so you will estimate what you'll be able to afford to spend, and what your margin of profit be like?

​​FORECAST

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​is an educated prediction for the upcoming year about how much money your company will likely bring in, so you will estimate what you'll be able to afford to spend, and what your margin of profit be like?

​​FORECAST

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​is that the amount of cash that a corporation receives during a selected period, including discounts and deductions for a returned merchandise.

REVENUE

Sample of a Revenue Forecast

​Formula: Unit Price x Unit = AMOUNT

How to Forecast Revenue?

​1. Choose between Qualitative Forecasting or Quantitative Forecasting (or a mixture).

• A Qualitative method is a kind of forecasting supported judgment, opinions, intuition, emotions, or personal experiences and are subjective in nature

Some text here about the topic of discussion

How to Forecast Revenue?

​1. Choose between Qualitative Forecasting or Quantitative Forecasting (or a mixture).

• A Qualitative method is a kind of forecasting supported judgment, opinions, intuition, emotions, or personal experiences and are subjective in nature

• Quantitative Forecasting may be a variety of forecasting method supported mathematical models and are objective in nature. They rely heavily on mathematical computations.

Some text here about the topic of discussion

​2. Start with last year’s revenue statements for a basis of prediction.

• The thought of forecasting sales intimidates lots of individuals, but in, it's simply an act of viewing some information and making some logical assumptions from it.

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​3. Consider any recent changes in personnel, products, pricing, competition, or other factors.

• The forecaster should choose a way that creates the simplest use of accessible data. If there are changes in personnel like reassignment of an employee to a better job position, innovation of the merchandise which can need additional budget which will also affect pricing, changes in competitors and other factors to contemplate in making your

  Forecast.

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​4. Calculate anticipated revenue.

• You have an excellent idea for a business. But now you wish to grasp the way to calculate start-up costs and expected revenue for business. the kind of business you open will determine the quantity of cash you may have to open.

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​5. Separate individual income sources to get a clear picture of potential ups and downs from each revenue stream.

•  Revenue streams are the assorted sources from which a business earns money from the sale of products or the availability of services. the kinds of revenue that a business records on its account rely upon the kinds of activities dole out by the business.

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6. Constantly review and update the forecast to reflect changes in your business.

•   Once your business is established and running well, you will be inclined to let things still run as they are.

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Let's try :)

Sample of a Revenue Forecast

​Formula: Unit Price x Unit = AMOUNT

​Some text here about the topic of discussion.

​1. What is a Revenue Forecast?

2. What are the steps of Revenue Forecast?

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APPLICATIONS OF FORECASTING in BUSINESS

Forecasting has application in many situations:

• Supply chain management -

  to ensure that the right product is at the right place at the right time.

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APPLICATIONS OF FORECASTING in BUSINESS

Forecasting has application in many situations:

• Supply chain management -

  to ensure that the right product is at the right place at the right time.

• will help retailers reduce excess inventory and thus increase profit margin.

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APPLICATIONS OF FORECASTING in REAL LIFE

Forecasting plays a major role in everyday life.

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• From choosing what clothes to wear

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APPLICATIONS OF FORECASTING in REAL LIFE

Forecasting plays a major role in everyday life.

​

• From choosing what clothes to wear

• to deciding what time to leave for work

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APPLICATIONS OF FORECASTING in REAL LIFE

Forecasting plays a major role in everyday life.

​

• From choosing what clothes to wear

• to deciding what time to leave for work

• we are making a forecast as to what the weather or traffic conditions might be.

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ASSESSMENT

Choose the letter that you think is the best answer to each of the following questions.

Some text here about the topic of discussion

Multiple Choice

1. It is that the amount of cash that a corporation receives during a selected period, including discounts and deductions for a returned merchandise.

• A. Profit

• B. Revenue 

• C. Financial forecast

• D. forecast

Multiple Choice

2. The cost multiplied by the number of items.

• A. unit cost

• B. cost

• C. unit price

• D. total cost

Multiple Choice

3. It assists you to satisfy your business goals.

• A. Profit

• B. Revenue

• C. Financial forecast

• D. forecast

Multiple Choice

4.The amount for which a single item is sold.

• A. unit cost

• B. cost

• C. unit price

• D. total cost

Multiple Choice

5. It is the amount for which a single item is acquired or produced.

• A. unit cost

• B. cost

• C. unit price

• D. total cost

Multiple Choice

6. A __________ is an educated prediction for the upcoming year about how much money your company will likely bring in.

• A. Profit

• B. Revenue 

• C. Financial forecast

• D. forecast

ASSIGNMENT

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​Additional activities will be posted in our Google Classroom

T H A N K Y O U!

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