Marketing Products

Which among the following is not a technique to earn more income?

• Make a business plan.

• Think of a variety of products.

• Use the internet.

• Watch Netflix movies about business.

What technique on earning more income is described when we develop good relationship with business owners that can be our costumers?

• Make a business plan.

• Think of a variety of potential markets.

• Approach owners of restaurants directly.

• Use the internet to market products.

It is introducing your product to the costumers and getting a share of the market.

• Retailing

• Marketing

• Selling

• Buying

It is parting with your product at agreed cost that involves direct selling.

• Retailing

• Marketing

• Selling

• Buying

Which among the following is NOT a factor of production?

• Capital

• Expense

• Profit

• Savings

• None of the aforementioned.

This factor of production is consist of assets, which are any resource you or the business owns. These assets are used to enhance ability of an entrepreneur to expand or improve their business.

• Capital

• Expense

• Profit

• Savings

This is a factor in production that refers to the amount of money left after spending.

• Capital

• Expense

• Profit

• Savings

Profit is the money a business makes after computing for all expenses. What is the formula for profit?

• Profit = total income or revenue - units sold

• Profit = price x units sold

• Profit = total income or revenue - total expenses

• Profit = current assets - current liabilities

In animal raising, this refers to the money you use to buy feeds, purchase tools and equipment, acquire immunizations, and so on.

• Capital

• Expense

• Profit

• Savings

What is the formula for Income or Revenue?

• Income or Revenue = total expenses - current liabilities

• Income or Revenue = current assets - current liabilities

• Income or Revenue = units sold x price

• Income or Revenue = capital - expenses