ENTREPRENEUR

Cards (49)

  •  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.