controls the implementation of the business plan.

an important part of the business

plan because it simply states the details of

operating the business.

❖ Human resources or labor required to perform

a particular task or operation.

Without the proper equipment, you will not

be able to perform the needed tasks efficiently.

refers to the personality

required to a worker’s traits, manners,

values, appearance

● marketing copy that explains what a product

is and why it’s worth purchasing

● supply customers with important

information about the features and

benefits of the product

● help add value to a project as well as

credibility

● draft version of a product that allows you

to explore your ideas and show the

intention behind a feature

a government authority or license

conferring a right or title for a set period,

especially the sole right to exclude others

from making, using, or selling an invention.

part of the product that carries

information of its features and attributes;

description of a certain services that the company

can offer.

❖ Conversion of raw materials into finished

product (manufacturing)

❖ system and step by step process in the

business

❖ direct and indirect or consumable

materials.

❖ specifications, quantity needed, and the

schedule of delivery should be clearly stated.

lowest risk and lowest

effort products where either none or very small

decision-making is made by target consumers

before buying the products.

rice, sugar, and other

commodities

have no buyer loyalty

involved and prices of different brands are

mostly at par because there is no

perceived product differentiation.

consumers have

specific preferences for brands or suppliers but

are willing to make substitutions when necessary

set of features and

attributes of a product or service that

determine its ability to satisfy human

needs.

state where the

buyer is assured that the product

meets the specifications stated in the

product labels.

it is the customer’s

rejection or acceptance of the product.

can improve the marketability

of the product through its design and

appearance

rental of goods, alteration or repair of

goods owned by consumers, and personal

services

consumer

rented the facility or products of the sellers

in a certain period of time.

Repair and

maintenance services rendered by the

sellers to the products of the customer.

Personal service on

the part of the seller; most common are the

expertise and profession of the seller.

Services cannot be displayed,

transported, stored, packaged or inspected

before buying. The credibility of the service

provided most of the time counts.

Services cannot be stored for

future sale. The skills of the provider must

enhance and develop to better serve the

customer.

Service provider and services

cannot be separated. It cannot accomplish the

purpose if one is missing.

Service is difficult to standardize

because it varies upon the performance of the

provider.

Simply the brand alone that is

applied to the product or package.

(Clothing has labels that could be seen inside

the collars)

gives objective information about the product’s use/s

construction, care, performance and other

pertinent features. (food ingredients,

medicines, canned goods)

product judge quality with

letters, number or words. It contains

product expiry dates, the content values

and other features. (medicines, vitamins,

milk)

describes how the business will

generate revenue and support financial

projection/s

describing the importance of the

business in gaining profit and sales

two primary levers of a company’s

business model are pricing and costs

abstract representation of an

organization

used to describe and classify

businesses, especially in an

entrepreneurial setting

unprocessed and basic

material that is used to produce goods, finished

products, energy, or intermediate materials which

are feedstock for future finished products.

Captures the functional and non-

functional characteristics of a service in a

processable format.

Describing a service and the type of context

information in a comprehensive,

unambiguous manner

Descriptions of the functional and

nonfunctional properties of the service,

service interfaces, and the legal and technical

constraints

recording of financial

transactions, and is part of the process of accounting

in business.

uses only

income and expense accounts, recorded

primarily in a revenue and expense journal

at least

two accounting entries are required to

record each financial transaction. entries

may occur in asset, liability, equity,

expense, or revenue accounts.

calculating or predicting

usually as a result of study and

analysis of available pertinent data.

total income produced by a

given source, a property expected to

yield large annual revenue, the gross

income returned by an investment.

cost that does

not change with an increase or

decrease in the amount of goods or

services produced or sold. (rent, utility

bills, phone bills, accounting,

bookkeeping)

costs that change as

the quantity of the good or service that

a business produces changes (Cost of

Goods Sold, materials and supplies,

packaging)

wages or salaries

paid to employees who physically

produce products. (customer service,

direct sales, direct marketing)

total direct costs to total

revenue during a given quarter or given

year.

– profitability or

performance ratio that reflects the

percentage of profit a company

produces from its operations

descriptive and chronological (diary-

like) record of day-to-day financial transactions

also called a book of original entry

record of small-value

purchases before they are later transferred to the

ledger and final accounts

formal and chronological record of

financial transactions before their values are

accounted for in the general ledger as debits and

credits

permanent summary of all amounts

entered in supporting journals which list individual

transactions by date

the balance of all ledgers is

compiled into debit and credit account column totals

that are equal

➔ provide the detail of the entity’s financial

information

➔ written records that convey the business activities and the financial

performance of a company

➔ capital investment and sources of funding

the operation of the business

➔ show financial projections over a

➔ period of one year and five year

program

➔ helps in comparing the costs and benefits

over time to determine whether a project

is profitable or not.

 Describes each of the activities, resources,

equipment and materials that are needed

to achieve these objectives.

- process of evaluating

businesses, projects, budgets, and other finance-

related transactions to determine their

performance and suitability

- shows

the financial position of the enterprise

as of the given period of time.

- reflects the sources and uses of cash

and cash equivalent. There are three

sources and uses of cash such as

Operating Expense, Investing Activities,

and lastly, Financing Activities.

shows the revenues, cost of goods sold or cost of sale, operating expense which categorized into two types: marketing/distribution expenses and administrative/office expenses. The income statement describes the ability of the company to generate cash by computing for sales and expenses

 looking at various components of the income statement and dividing them by revenue to express them as a percentage

 determines the size or proportion of an item in the financial statements in relation to the total

 serve as a guide in the management of the resource allocation policy.

 taking several years of financial data and

comparing them to each other to determine

a growth rate.

 determine if a company is growing or

declining and identify important trends.

everything that happens within an

organization to keep it operating and earning

money

 documents (hard copy or digital) that records

business dealing.

 includes meeting minutes, memoranda,

employment contracts, and accounting

source documents.

 must be retrievable at a later date so it can

be accurately reviewed as required.

 process of executing a plan into practice

 establishing structures and activities needed

to introduce a business into the marketplace

 responsibility of all the members of the

organization

 commonly used for tracking project schedules, and they are especially useful in project management

 illustrate and allow you to know what needs to be done, and when it needs to be done.

 able to show you additional information regarding the different tasks or sections of a

project