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

It is a replica of a product.

Which of the following refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?

Which of the following is the process or activities by which a company adds value to an article, including production, marketing, and the provision of after-sales service?

It describes the rationale of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts.

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

It refers to the process or technique of converting raw materials to finished products.

Which of the following refers to the manufacturing equipment used in the production of goods or delivery of services?

Statement I - Educational qualifications and experience is one of the criteria in considering manpower.

Statement II - Product to produce is one of the factors to be considered in method or production method.

Statement I - Skills and expertise are not important in considering manpower.

Statement II - Benefits are the reasons why customers will decide to buy the products.

This refers to the amount added to the cost of a product to determine the selling price.

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 the entrepreneur copes with uncertainties in the future operation of the business.

Mang Berting is a fruit vendor selling at the local public market. He gets his mangoes from a supplier at 25 pesos per kilo and sells it at 45 pesos per kilo to his customers. How much mark-up is Mang Berting adding to his selling price?

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.

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?

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?

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

This refers to costs incurred through payment of utilities such as electricity and water.