Lesson 2 - Producing Marketable Products

Eman wants to build a business. He wants to sell organic products that are ideal and safe for consumers’ health. What standard will Eman meet if he continues this business?

• Health

• Appearance

• Price

• Marketability

Hazel has a Tiktok account. One day, she saw a Tiktok video showing how to create a flower made of yarn, which is a current trend. Hazel learned how to create her own and sell it on the same platform. She immediately gains a massive amount of buyers afterward and continues selling, introducing new designs. What particular standard does Hazel meet in her business?

• Health

• Appearance

• Price

• Marketability

Justin has already decided to sell Turon at tomorrow’s school fair. However, he does not know where to start. What does Justin have to think about first after thinking of a product?

• Selling Price

• Inventory

• Ingredients

• Operating Expenses

These are the two items that must be added to get the product’s selling price.

• Total Expenses and Operating Expenses

• Operating Expenses and Markup Price

• Total Expenses and Markup Price

• Markup Price and Total Cost of Ingredients

Marilyn wants to step up her business and plans to meet all the standards or requirements for it. Which of the following is not a standard or requirement in self-evaluation?

• Appearance

• Ingredients

• Selling Price

• Health

In self-evaluation, this standard verifies if the pricing of the products is correct.

• Price

• Marketability

• Appearance

• Ingredients

It is a list of ingredients with their corresponding prices.

• Operating Expenses

• Inventory

• Costing

• Markup Price

It is a list of non-manufacturing expenses that contribute to the product's pricing.

• Operating Expenses

• Inventory

• Costing

• Markup Price

It is an item offered for sale. It is made at a cost and each is sold at a price.

• Business

• Inventory

• Product

• Ingredients

Before getting the markup price, what are the two total costs that must be added first?

• Total Cost of Operating Expenses and Selling Price

• Total Cost of Operating Expenses and Inventory

• Suggested Retail Price and Selling Price

• Total Cost of Ingredients and Total Cost of Operating Expenses