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Lesson 4: Entrepreneurial Activities

This document provides an overview of entrepreneurial activities related to trading, manufacturing, and services. It aims to help students understand different types of these activities and how they relate to and impact businesses and the economy. Specifically, it describes trading as activities like direct selling and retailing. It defines manufacturing as converting raw materials into finished products. It also defines services as work done for others. It provides examples of different types of retailers, manufacturers, and service businesses. It discusses the importance of selling in the economy and benefits of retailing.

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ZALDY
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493 views

Lesson 4: Entrepreneurial Activities

This document provides an overview of entrepreneurial activities related to trading, manufacturing, and services. It aims to help students understand different types of these activities and how they relate to and impact businesses and the economy. Specifically, it describes trading as activities like direct selling and retailing. It defines manufacturing as converting raw materials into finished products. It also defines services as work done for others. It provides examples of different types of retailers, manufacturers, and service businesses. It discusses the importance of selling in the economy and benefits of retailing.

Uploaded by

ZALDY
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Lesson 4

Entrepreneurial Activities
Learning Objectives:
• These units on Entrepreneurial Activities, shall help the student to:
a. describe trading, manufacturing, and service as entrepreneurial activities.
b. distinguish the different types of trading, manufacturing and service.
c. discuss specific examples of trading, manufacturing and service
activities.
d. explain how the activities related to trading, manufacturing and service
economy.
Learning Objectives:
• These units on Entrepreneurial Activities, shall help the student to:
e. explain how the activities related to trading, manufacturing and service
businesses affect their success.
f. recognize the importance of trading, manufacturing, and service in the
economy.
g. appreciate the value of creativity in manufacturing.
Learning Objectives:
• These units on Entrepreneurial Activities, shall help the student to:
h. form sound judgment in selecting the products to trade, products to
manufacture, and services to render.
i. appreciate the value of service business .
What is Trading?
• Trading -is the most popular non-store is direct marketing.
-many individuals start their taste of business by direct selling.

 Direct selling - is an activities that usually start as a sideline which may


eventually mature to full time jobs and open up
to other opportunities.
What is Manufacturing?
• Manufacturing-is the process of converting raw materials into finished products.
• Raw Materials -are what you see in the completed product.
Ex: shoes and bags, books and furniture
• Direct labor -is the work on the raw materials as it is converted into finished
product.
• Factory Overhead - is the resources needed or costs that need to be paid in
making products other than raw materials and direct labor.
- refers to all costs in manufacturing other than raw materials and direct labor.
What is Service business?
• Service business -is doing work with others.

 What is the number one reason for doing business?


 Profit -is left after subtracting cost and expenses from the selling price.
 Mark-up - the seller sets a selling price that is more than the total of cost and
overhead.
 Costs - is paid for the product purchased which is intended for resale or for
manufacturing into another product.
• Direct costs -refers to the cost of product purchased (retailing),
-refer to the cost of direct materials and direct labor
(manufacturing),
-refer to the direct cost of rendering the services(service
business)
• Retailing -refer to the selling of goods and services directly to the
final costumers or users.

Store retailing - is the more common form of retailing.


Kinds of Retailers
• Department Store – carries a wide variety of product line usually clothing, shoes,
bags, beauty products, home furnishing and households goods.
• Supermarket -sell a variety of food and households products.
• Specialty stores -carry a variety of models for one kind or limited product line.
• Convenience stores – are stores that carry high turn-over goods
- twenty-fours a day and seven days a week.
Note: The retail prices of convenience stores are usually higher than those of
supermarkets.
Kinds of Retailers
• Superstores - which are larger than supermarkets and department stores
have emerged.
• Factory outlets – refers to different manufactures are grouped
together in one factory outlet mall.
- the outlets are located in places far from the cities.
• Direct selling – is a one-on-one selling.
Other Types of Retailer
• Ice cream vendor

• Taho vendor

• Market stall owners/sellers

• Carinderia and etc…….


Different Types of Trading Business
Two Types of Trading Business:

1. Store trading

2. Non-store trading
Classification of Store Trading
a. Amount service
b. Product line
c. Retail prices
d. Control outlets
e. Type of store cluster
Classification of Non-store trading/ retailing:

a. Direct marketing
b. Direct mail marketing
c. Catalogue marketing
d. Telemarketing
e. Television marketing
f. Electronic marketing
Impact of Trading to Business

PRODUCTION

• PROCUREMENT of NEW • RETAIL


MATERIALS
• INVESTMENT ON TOOLS • WHOLESALE
AND EQUIPMENT
PRODUCTION & SALE RELATIONSHIP
Benefits of retailing:
i. Retailing allows the fast movement of the products.
ii. It encourages people to people buy more by giving preferential benefit
to customers.
iii. Enhances buyer-owner relationship.
iv. Low budget families would be able to buy products in small quantities.
v. Retailing is the answer to small buyer whose need is for only a couple
of days for small family.
vi. Retailing is a business strategy
Importance of Selling in the Economy

Money

Producer/ Seller Customer/ Buyer

GOODS & SERVICES

Producer and Customer Relationship


“HE who buys what he doesn’t need must
often sell what he does need.”

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