It is designing, developing, and executing the Enterprise Delivery System, from sourcing of the necessary input the transformation of these input into the final output, which come in the form of goods or services or both, must carry all the features and attributes that customers are looking for.

refers to the human resource, particularly the workforce, needed in the production process of the business.

enumerates the duties and responsibilities of the potential employee, including the scope, limitations, and terms and conditions of employment.

Educational background, work experience, specific skill or knowledge, and work attitude.

Screening of resumes, conduct of interviews, qualifying exams, or psychology tests

A job contract where the terms and conditions (position, responsibilities, salary and benefits, work schedule, regularization, etc.) of employment are discussed.

Training of people

refers to the raw materials necessary in the production of the product. These are items to be used in creating a product or performing a service, which includes supply chain management.

Materials requisitioning option where you provide your own products or services

Materials requisitioning option where you buy products or services from a present supplier

the process of appointing third-party manufacturers to do the production process which saves the entrepreneur from buying expensive machineries.

The venturing of the entrepreneurs in distributing their own products on their own without the aid of a distributor or agent

Storing the finished goods manufactured in a facility until they are distributed to end users. Cost is usually substantial.

Process of efficiently transferring the products to retailers or consumers.

Part of logistics, this is where you place the raw materials before converting them into end products.

set of procedures and instructions which you must follow in order to achieve your goal; the process of commencing and conducting business operations

using a _________ will help the business visualize the actual method involved

part of the process where there is an apparent inefficiency and where the customers wait longer

basic tools to convert the input into output. These include various tools, equipment, instruments, or devices that could be used by the business to produce a product or generate a service.

the process of bringing products or services to customers

the manufacturer will deliver the products to the distributors, to the wholesalers, to the retailers, and then finally to the customers

handles the invention, production and development; material acquisition; schedules

buyers of products and services from manufacturers to be sold at a markup price to either wholesalers or retailers

do not own the products/services  negotiate with buyers; quantifying the items to be sold so the manufacturer will be able to deliver the goods directly to the buyer; they will get a commission for every product sold

agents get the product in advance to demonstrate them live to the customers. if unsold, products are returned

there are instances when the customers do not want to pay in cash. they are attracted to other methods like credit cards, installment plans, or simple accounts payable or pautang.

has dissimilar characteristics, parts, and physical appearance; easily identifiable

has a physical appearance, taste, or chemical content; hardly distinguishable

Created before the massive production of such a product; a duplicate whose features is to merely provide descriptive facts

Method or activities by which a company adds value to an item, with production, marketing, and the provision of after-sales service.

Structure of organizations, people, activities, etc. involved in moving outputs from supplier to customer; management of raw mats., inventory, warehousing, and movement of finished products from the point of processing to the point of consumption

for order-taking, telemarketing, and teleconferencing

mobile apps for order taking, for payments, marketing, marketing research, mobile banking, internet promotions.

order taking, internet marketing, reports etc.

charging debit/credit card, tracking sales, and storing data, analyzing purchases.

charging debit/credit card, tracking sales, and storing data, analyzing purchases.

order taking, 24/7 marketing, online conversations, collecting customer information etc.

An act to regulate the use in business transactions of names other than true names, prescribing the duties of the director of the bureau of commerce and industry in its enforcement, providing penalties for violations thereof, and for other purposes

Enforces tax, laws, assesses, and collects all national revenue taxes, fees and charges.

Mandated to promote and develop cooperatives in the country. It issues a proposed cooperative certificate of registration which is needed before it can start to operate

Promotes gainful employment opportunities, protects workers and promotes their welfare, develops human resources, and maintains industrial peace.

Promotes and regulates business activities by registering and licensing businesses. Processes business applications for single proprietorship;

Correct registration application link of DTI

Administers the PAG-IBIG Fund.

The city or municipality where the business will be located issues a Mayor’s permit or a license to operate.

Process applications and issues a certificate or registration for partnerships and corporations.

Mandated to extend social security protection to business owners and their beneficiaries.

It is the art of matching product benefits with customer needs or desires.

It is also known as high-pressure selling. The style is hard driving; this is the salesperson who won't take "no" for an answer

This approach focuses on making quick sales; there is no attempt to form a long term relationship with the customer.

Also known as relationship selling. The salesperson's goal is to get to know the customer's needs and wants so he or she can do the best job of giving the customer what they want.

This sales approach depends on a partnership mentality between buyer and seller. Involves developing a partnership between buyer and seller.

Also called online selling. Another selling approach which is widely used in this time of new technology or digital age

“It shall be unlawful to offer any consumer product for retail sale to the public without an appropriate price tag, label or marking publicly displayed to indicate the price of each article and said products shall not be sold at a price higher than that stated therein and without discrimination to all buyers.”

is an overview of the entire business plan and will either capture the reader's attention or make them lose interest before reading any further

The what and why of your business

Designed to provide enough facts convince an investor, potential partner, or other reader that your business has enough customers in a growing industry and can earn sales DESPITE the competition

The competition section indicates where your produces or services fit in the competitive environment

include the current status of the industry

 Direct and Indirect Competitors

describes both the strategy and tactics you will use to get customers to buy.

describes your management team, staff, resources, and how your business ownership is structured

Timetable of execution of business plan (1 year)

any exhibits appropriate and would support the written entry more but not important enough to include in the body

references in APA format

often referred to as record keeping; accounting part that records transactions and business events in the form of journal entries

language of business

which are the cash and resources owned by the business (e.g., accounts receivable, inventory)

which are the obligations and debts owed by the business (e.g., accounts payable, loans)

which is the money earned by the business, usually through sales

which is the cash that flows out from the business to pay for some item or service (e.g., salaries, utilities)

which is the value remaining after liabilities are subtracted from assets, representing the owner’s held interest in the business (e.g., stock, retained earnings)

can be found at the right side of bookkeeping's double entry method.

The left hand side of the double entry bookkeeping

come if the business has to pay less to the supplier than the original conversion.

arise when the business has to pay the supplier more than the original conversion

This is calculated by taking revenue from the business and deducting the sales costs.

Money which a business earns through the sale of goods or services.

The result after taking the Gross Profit or Loss expenses away.

the expenses or costs incurred by a business to conduct its operations on a certain time frame

expenses that have to be paid even if no production takes place

expenses that depend on the amount of food that is produced

the expenses incurred during the process of creating a new business.

direct cost to producing the goods that your business sells

The net amount of cash and cash equivalents being transferred into and out of a business

the physical output of the whole production process.  It should be valuable and beneficial to the consumers and should satisfy their basic needs and wants

promotes and explains what a product is and why it’s worth buying