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WorksheetsLesson 2 - Producing Marketable Products
Total questions: 10
Worksheet time: 10mins
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
