TLE 6 ICT M 1

A business involves selling or buying product or both.

• True
• False

A service is something that is manufactured in order to be sold for a profit.

• True
• False

One of the simple products that could easily sell is making Polvoron.

• True
• False

Knowing your target market is not an important factor to consider in a business.

• True
• False

You need to record of all your expenses to keep track of your sales.

• True
• False

Nena wants to sell a product which low capital and easy to produce. Which of the following is a simple product?

• A. canned sardines
• B. furnitures
• C. yema spread
• D. bagoong

Which is the formula to compute for profit or gains?

• A. Total Sales – Total Expenses = Profit
• B. Total Expenses -- Total Sales = Profit
• C. Profit – Total Sales = Total Expenses
• D. Profit – Total Expenses = Total Sales

If you don’t have enough money and time to advertise your product, which of the following is a possible way to advertise?

• A. through newspaper
• B. online technology
• C. event sponsorship
• D. through flyers

What is the selling price of a pack of tamarind candy cost 20 pesos with a marked up of 20%?

• A. 50
• B. 36
• C. 42
• D. 24

Packaging of your finished product is one of the factors to consider. Why is it important to package each item creatively and artistically?

• A. to become popular
• B. to increase sales and profit
• C. to gain friends and supporters
• D. to impress people only