TLE 6 Q1 W1 - Products

Lemori wanted to put up a business in their small community. Which is the BEST way to start her plan?

• Make a teaser or an advertisement.

• Identify neighbors that are rich and luxurious.

• Conduct a survey to identify potential customers.

• Put up a business that can compete to his neighbor’s business.

Jannine wants to make a simple product. What is her first step or guide in making simple product?

• Advertise your product

• Create the product

• Decide what materials to use.

• Design your product

After deciding what materials to use to produce a simple product, what are you going to do NEXT?

• Advertise your product

• Create the product.

• Decide what materials to use.

• Design your product.

Keeping safe while working is very important, which of the following should NOT be practiced?

• Have the right tools and materials needed before starting to work.

• Keep utensils dirty

• Take the proper precautions when using tools, and never take shortcuts.

• Wear an apron and wash your hands before starting to work. Always maintain good hygiene.

Ben gained 20.00 from his sold simple product amounting to 100.00. How will you compute for the mark-up price?

• Get the 20% of the total cost of the product.

• Get the 20% of the total operating expenses

• Get the 20% of the total cost of product plus total operating expenses

• Get the 20% of the selling price

Angel collected plastic bottles for his TLE project. What simple product will she make out of recyclable materials she collected?

• Bag

• Book Organizer

• Door mat

• Pencil Holder

It is the value which added to the cost to determine the selling price.

• Cost of product

• Cost of labor

• Mark-up price

• Profit

You were able to produce your simple product, how many percent you are going to add for markup price?

• 15%

• 20%

• 25%

• 30%

What will you consider in producing simple product?

• Your mother’s suggestion.

• Your hobby or interest

• Trending products

• Things you don’t have

What is an entrepreneur?

• A person who is in charge of a specific location.
• A person who works for someone else in order to learn skills.
• A person who organizes and operates a business or businesses.
• None of these