ENTREPRENEUR

•  business name It is the name a certain business is known by.
•  Process  It refers to the step–by–step manner of operation of making products from raw materials into finished outputs.
• examining present personnel  It requires assessment of workers’, skills, strengths, weaknesses, and potentials.
• Credit It is something positive from an economic point of view.
•  price flexibility A practice of pricing a product or service by negotiations between buyers and sellers.
•  planning It is thinking before a particular task is done
• promotion 25% discount for the next 5 buyers of 1 dozen roses
•  Inventories Stocks of goods and materials available for production or manufacturing.
• target goals Earn a profit of at least P3,500 a week
• organizational chart A diagram showing the organizational relationships of the position and their corresponding authority, responsibility, and accountability is called the
• controlling  It means making sure that activities done in the enterprise conform with what has been planned.
• service type Plumbing companies
• market An area or arena in which commercial dealings are conducted.
• P1,042.50  Compute how much will be the price of a bottle of perfume when the cost is P750.00 with 39%TPP.
• Merchandise and supplies inventory These are determined by having a physical count
• directing It involves guiding, leading, and supervising the employees for the achievement of organizational goals.
• business location 121 Bitter St. Loveless Village, Kayaka City
•  Stocks  These are the inventory itself in various forms.
•  authority  It is the right that a manager must require a subordinate to accomplish something.
• Income statement It is a report that summarizes the revenue items, expenses, and profit/loss for the period.
• organizing It is the task that involves defining the specific activities necessary to achieve the enterprise’s goals.
•  sales management It involves the formulation of a sales strategy.
• business location Any structure, vehicle, or establishment where a business is conducted.
•  P486 If you have 20 pants for a P360 unit cost, how much will be the unit price at 35% Target Profit Percent (TPP)?
•  Balance sheet It refers to the financial position of the business that shows the assets, liabilities, and owner’s equity.
• designing an improvement plan It requires recruitment training and development.
• market/clients Community neighborhood
•  staffing It is the proper and effective selection, appraisal, and development of personnel to do the jobs and fulfill the roles in the structure.
• production plan Involves the necessary raw materials and parts, the number of workers, the types of machines needed, and the completion time for such an operation.
• price flexibility Minimum price – maximum price
• P1,755.00 How much will be the price of 1  wallet when the cost is P1,350.00 with 30% TPP?
• Debt It is a negative matter from an economic point of view and is a debt of the business.
•  projected sales These are the expected results of variable cost and fixed cost within the target period time.
• Owner’s equity It refers to the interest of up–the owner or proprietors in the assets of a business.
• viability It refers to the practicability of the business.
• business owner It refers to individuals who establish and operate an entity that is engaged in commercial, industrial, or professional activities to derive profits.
• accountability This is the situation of being answerable to higher authorities.
•  inputs These are the materials needed for processing to come up with finished products.
• Control It is an approach or strategy that checks, and balances resources needed in the continuous operation of the business.  
• The law It requires that some forms of records must be kept by all businesses.