The product cannot be sourced or manufactured.

Market is referred to a group pf consumers the entrepreneurs identified as people who are most likely to use the entrepreneur's product.

An entrepreneur cannot be a buyer and seller when starting a business.

A seller purchases a product for his/her needs and the seller offers for a price a product.

The one sourcing for raw materials.

He/She delivers the additional stocks of rubber shoes to the store owner.

He/she offers the latest model of a rubber shoes.

He/she is the one who places the orders from a manufacturer.

He/she is the one who is persuaded to try the latest model.

The entrepreneur's mantra

They are the one who are contracted prior to harvest by wholesalers. Once the produce is delivered, wholesalers make an initial payment then deliver the produce to retailers.

They are the one who separate their distribution departments or contracted several independent distributors.

They may be small players but comprise a large sector or self-employed Filipinos and independent establishments.

The use of internet facilitates a fast and innovative business transaction between an individual or company seller or buyer. This is called __________.

The cost price of product is 600. The profit margin set by the manufacturer of the product is 30%. Calculate the selling price of the product.

The cost price of product is 1,500. The profit margin set by the manufacturer of the product is 50%. Calculate the selling price of the product.

The cost price of product is 75,500. The profit margin set by the manufacturer of the product is 10%. Calculate the selling price of the product.

One of the four views of price where the price should cover cost so that a profit can be made.

One of the four views of price where the pricing is an opportunity to gain a competitive advantage.

Fabric cleaning is classified into specific products such as ____________.

What are the two peak months to buy and sell school supplies and related items?

What government agency provided price guides for school supplies to benefit both consumers and retailers?

What are the top 2 traditional channels or marketplaces where fast moving consumer goods?

To get ideas on trends in design of school products, what are the two suggested marketplaces to visit?

Create first the initial version of the product and. Don’t forget to document everything as you will be creating more of it in the future.

Determining the price of your product and computing for the cost incurred in making the product is not important.

Evaluate the first version and make the necessary changes or adjustments is not important. You can produce as many products as you want and sell it.

Advertising the product is helpful. You may promote your product through online or by using printed materials.

Making a sketch of the product that you have in mind and creating your own identity will help your business