Which of the following refers to the human workforce involved in the manufacture of products?

The 4M's of production are as follows except ONE. Which one is it?

Which of the following refers to the marketing copy that explains what a product is and why it is worth purchasing?

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.

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

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

It simply refers to the raw materials needed in the production of a product.

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.

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

Statement II - The purpose of a product description is to supply customers through details around the features and benefits of the product.

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.

The selling price of an item or merchandise is computed by adding cost per unit and

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.

It is a tool that allows managers to make educated estimates on revenue and costs of the business in order to cope with uncertainties of the future.

This 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?

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

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

Merchandise or goods purchased are referred to as-

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

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?

When sales exceed the cost to produce goods its result is called forecasting

Mark-up refers to the amount added to the cost of a product to determine the selling price.

Forecasting is a planning tool that helps the entrepreneur cope with uncertainties in his future operation.

Costs incurred through payment of utilities such as water and electricity are called operating expenses.

Mang Mario is a fruit vendor. Selling fruits is an example of a service concern business.

The selling price of a product is calculated by adding its cost per unit and mark-up.

Merchandise or goods purchased are called Purchases.

Aling Becky sells suman in her neighbourhood, every day she can sell 75 pieces of suman for 5.00 pesos each. Her daily revenue is 325.00 pesos.

Loss is a result when cost to produce goods is greater than the sales.