The 4M’s in the production operation are the materials, manpower, machine and money.

Supplier is an entity that supplies goods and services to another organization.

Skills and expertise are not important in considering manpower

In selecting the type of equipment to purchase, the entrepreneur may consider cost and capacity of the equipment.

Business model describes the rationale of how an organization makes, transports, and captures value in economic, social, cultural or other contexts

Output represents the final products from the production process and distributed to the customers.

Product description is the marketing copy that explains what a product is and it’s benefits.

Educational qualifications and experience are are not essential criteria in considering manpower.

Cost, quality and availability should be considered in choosing __________

Employee Qualification Except one

What is the item offered for sale?

What is the process of combining various material inputs and immaterial inputs in order to make something for consumption?

Which means raw materials, components, subassemblies, parts, other supplies, and any industrial services required for the manufacturing of products?

Which is defined as the total number of individuals who are employed in a company or available for a particular project assignment or work?

Which is any mechanical, electrical, or electronic device designed and used to perform some function and to produce a certain effect or result?

Which of the following is important because it later becomes the payment for things that make your business run?

Which of the 4Ms of production best describes the image shown?

Aling Marta sells bibingka in her neighbourhood, every day she can sell 45 pieces of bibingka at 20 pesos each. How much is her daily revenue?

It is a planning tool that helps entrepreneur copes up with uncertainties in the future operation of the business.

Aling Elvie sells t-shirt at 175.00 pesos each. If each t-shirt costs 135.00 pesos. How much is the mark-up?

It is the result when sales exceed the cost to produce goods or render services.

Refers to goods and merchandise at the beginning of operation of business or accounting period.

Mang Lito sold 5 pairs of slippers. Suppose Mang Lito purchased the 5 pairs of slippers at P 30.00 each and pays P120.00 freight. Calculate how much is the cost of goods sold?

Refers to amount paid to transport goods or merchandise purchased from the supplier to the buyer.

Costs incurred through payment of utilities such as electricity and water.

Merchandise or goods purchased are referred to as-

Jean purchased 5 baskets for P 30.00 each. According to her calculation, P 10.00 shall be added to the cost as mark-up. How much is the selling price of each basket?

Calculate the revenue if a business sells 20,000 units at P 200.00 each

Revenue is calculated using which of the following formulas?

The income statement shows the results of operations as well as the financial standing of a company as of the given date.

Net income is sales less cost of goods sold

Administrative Expenses are the expenses necessary in the management of the office.

Why do you need a business plan?

Which among the following is NOT a function of a business plan?

What are the four P's of marketing?

Which major component of a business plan contains the assets, expenses, and the working capital of a business plan?

The income statement shows the financial performance of the business