business trial run design entrepreneurship

entrepreneurship

1. PURCHASING OF GOODS AND SERVICES FROM THE LOCAL SOURCES & BENEFITS OF PATRONIZING LOCAL PRODUCTS

2. WORDS TO STUDY

3. SOURCING is a complete process of obtaining goods and services from preparation and processing of a requisition to receipt and approval of the invoice for payment

4. SERVICES are intangible products that are not goods (tangible products), such as accounting, banking, cleaning, consultancy, education, insurance, know how, medical treatment, transportation.

5. STOCKPILE is a comparatively large stock of essential goods built up to withstand long holdups or scarcity due to natural calamities, strikes, or war.

6. INVENTORY is an itemized catalog or list of tangible goods or property, or the intangible attributes or qualities.

7. As an entrepreneur, you must realize that there are products grown like the fruits, plants, vegetables and other natural resources.

8. Other products made and manufactured according to the needs and wants of the target market or customers.

9. services are also made and created according to the felt need of the community.

10. What are the factors considered when purchasing goods and services from the local sources?

11. Why does skillful, careful and wise purchasing is an important part of the business?

12. As a young entrepreneur, how can you identify a reliable local producers?

13. Factors do you consider when purchasing goods and services from the local sources Whether you sell PRODUCTS or sell SERVICES as part of your business: skillful, careful wise purchasing is an important part of our business.

14. Important Points to Consider When Purchasing Goods and Services: Study the profile of the local producers

15. Important Points to Consider When Purchasing Goods and Services: - research on the daily average consumption of the customers

16. Important Points to Consider When Purchasing Goods and Services: know your customers

17. Important Points to Consider When Purchasing Goods and Services: find out the right place to buy

18. Important Points to Consider When Purchasing Goods and Services: determine how much to procure

19. Important Points to Consider When Purchasing Goods and Services: check the track record of each supplier

20. Important Points to Consider When Purchasing Goods and Services: ensure the sustainability of the items

21. LET US REMEMBER In the purchasing activity of the business, the supply of goods and services are vital factors to consider. Supply is the amount of something the customers can avail from the producers who make or grow goods and services.

22. Service is more delicate to manage because it is a work that someone must provide to others with satisfaction.

23. Why do you prefer to purchase from local sources?

24. Purchasing local goods and services are patronizing our own products

25. Benefits of Patronizing Own Products

26. Benefits of Patronizing Own Products it stops the value of colonial mentality not only among young children

27. Benefits of Patronizing Own Products it gives additional income to the government through tax collection;

28. Benefits of Patronizing Own Products it maximizes the use of our natural resources from raw materials to the finished products;

29. Benefits of Patronizing Own Products it develops the skills of the Filipino people making them more innovative, creative and productive;

30. Benefits of Patronizing Own Products it gives affordable price for seasonal and quality products, fruits and vegetables

31. QUIZ TIME

32. Group Task

33. ACTIVITY Each group will think of a scenario wherein you can show the benefits of purchasing local goods and services through Role-Playing.

34. READY NA MO MAMINAW?

35. TASKS: Group 1: it stops the value of colonial mentality not only among young children; Group 2: it gives additional income to the government through tax collection; Group 3: it maximizes the use of our natural resources from raw materials to the finished products; Group 4: it develops the skills of the Filipino people making them more innovative, creative and productive; and Group 5: it gives affordable price for seasonal and quality products, fruits and vegetables.

36. criteria The groups will be rated according to the criteria below: Content: 10% Presentation: 10% Creativity: 10% Mastery: 10% Unity: 10% Total: 50%

37. PURCHASING ACTIVITIES

38. An  entrepreneur  is an individual or a person who  initiates a new firm  and experiences most of the  risks  while  reaping the majority  of the benefits. There are  various approaches  for a young entrepreneur to  conduct responsible  purchasing operations.

39. young entrepreneurs must maintain connection with their resource suppliers and business associates.

40. The principles for the connection entrepreneurs aims to have with their suppliers or business associates: treating suppliers with fairness, impartiality, and transparency, establishing a contractual framework, keeping confidentiality

41. ESSAY

42. ESSAY As a young entrepreneur, how can you show the responsible ways of purchasing activities on any possible situations you may consider?