Small Scale Business

The amount of money spend for the materials and labor that a person uses in coming out with a product to sale.

• Mark up

• Capital

• Profit

The percentage added to the cost of a product.

• Capital

• Profit

• Mark up

The amount left after all expenses in the production, delivery, packaging, and other expenses was deducted.

• Mark up

• Profit

• Capital

A most common method of retailing wherein the customer personally goes to the store

• Mail-Order Retailing

• Direct selling

• Over-the-counter

• Automatic vending machine

Customers examine the catalog and advertisement for merchandise he wants to buy, then the order is mailed or placed through the telephone to the retailer's place

• Over-the-counter

• Direct selling

• Automatic vending machine

• Mail-order retailing

The salesperson goes to the home of the consumer with the goods or merchandise.

• Over-the-counter

• Mail-order retailing

• Direct selling

• Automatic vending machine

This is placed on automatic machines, it contains slots wherein a certain amount of money is inserted.

• Over-the-counter

• Mail-order retailing

• Direct selling

• Automatic vending machine

It refers to the number of goods sold and the sum of money received in exchange for goods.

• Purchase Record

• Sales Record

• Inventory Record

It is where the number of goods purchased is recorded.

• Sales Record

• Purchase Record

• Inventory Record

It is the record of goods that are on hand at the beginning of the period and the number of goods left at the end of the period.

• Purchase Record

• Sales Record

• Inventory Record