Applied economics q2 module 81 business principles tools and techniques in participating in various types of industries 1 pdf free PDF

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Download Applied economics q2 module 81 business principles tools and techniques in participating in various types of industries 1 pdf free PDF

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Senior High School

Applied Economics Quarter 2 – Module 8.1: Business Principles, Tools, and Techniques in Participating in Various Types of Industries in the Locality

Writer:

CINDY M. RONQUILLO T-III, SHS IN APALIT(STAND ALONE 1), Cluster VI Editors: JANE P. VALENCIA, EdD – Math/ABM Supervisor CHAIRMAN LEI BARAWID/KARINA B. HERNANDEZ

What I Need to Know

This module was designed and written with you in mind. It is here to help you apply business principles, tools and techniques in participating in various types of industries in the locality. The scope of this module permits it to be used in many different learning situations. The language used recognizes the diverse vocabulary level of students. The lessons are arranged to follow the standard sequence of the course. But the order in which you read them can be changed to correspond with the textbook you are now using. The module is divided into two lessons, namely: Lesson 1: Types of Industries Lesson 2: Apply SWOT Analysis as a Tool in Evaluating a Business Opportunity

After going through this module, you are expected to:  identify the different types of industries; and  distinguish the different products and services of the business industries.  discuss industry and environmental analysis as a tool in evaluating business opportunities;  apply SWOT analysis as a tool in evaluating a business opportunity.  select business opportunities appropriate in your locality.

What I Know

Choose the letter of the best answer. Write your answer on a separate sheet of paper. 1. A group of businesses or manufacturers that produces a particular products or services a. Enterprise c. Logistics b. Industries d. Trade 2. The process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit a. Barter c. Wholesale b. Retail d. Trade

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3. This is an agribusiness which involves planting rice, the staple food of the Filipinos. a. Goat Raising c. Rice Farming b. Fish Pens d. Vegetable Farming 4. A business which involves raising of domesticated type of birds like chicken, ducks, and geese for meat and egg production. a. Cattle Raising c. Fish Pens b. Corn Farming d. Poultry Raising 5. The process of converting raw materials, components, or parts into finished products by used tools, machinery and labor. a. Agribusiness c. Retail and Services b. Manufacturing d. International Trade 6. Agribusiness is a business that earns most or all of the revenue from ___________________. a. Agricultural products c. Retail products b. Car making d. Basket making 7. Other term for this Pig Raising is a. Duck Raising c. Goat Raising b. Cattle Raising d. Hog Raising 8. Medicines, cosmetics, and stationery are called soft goods or ______________. a. Arts c. Hard goods b. Consumables d. Substitutes 9. An agribusiness that produce yellowish cereal plant and also use for animal feeding. a. Hog Raising c. Furniture Making b. Corn Farming d. Poultry Raising 10.These are examples of agribusiness except __________. a. Hog Raising c. Water Drinking Business b. Corn Farming d. Poultry Farming 11.A business that deals with the production of agricultural products. a. Agribusiness c. Retail and Services b. Manufacturing d. International Trade 12.People need water to quench their thirst and this is one of the reason why this business is thriving. a. Drinking Water Business c. Bakery b. Soap Manufacturing d. Furniture Making 13.This industry is involved in the extraction of raw materials includes mining activities, forestry, and fishing for human use. a. Primary Industry c. Tertiary Industry b. Secondary Industry d. Quaternary Industry 14.This industry processing of primary materials into usable products. a. Primary Industry c. Tertiary Industry b. Secondary Industry d. Quaternary Industry 15.During pandemic crisis, hospitality and health care services are essential and these are classified as_____. a. Primary Industry c. Tertiary Industry b. Secondary Industry d. Quaternary Industry

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Lesso n

Types of Industries

1 Many individuals think of industries in a larger scale as big businesses that produces goods with big plants and machineries. Not many knows industries also produces goods and services in different sectors of society such as agriculture, transportation, hospitality and others. As you go through lesson, you will learned that industries can be classified into different categories for better understanding of the different types and make it easier to study.

What’s In

Before we begin the new lesson, I want you to recall what you have learned about the different business principles in creating a business. Now, the letters of the words below are jumbled. Figure out what the word is and write it on the blank line provided and gives its meaning.

1. 2. 3. 4. 5.

LCAALITIBYS _________________ - ________________________________ RLIITBIFPYOAT _________________ - ________________________________ GIB ADEI _________________ -________________________________ ASNALYTTISBIIU_________________ -________________________________ UOTMNOAY _________________ -________________________________

Notes to the Teacher The teacher should encourage the learners to read books in Economics. This will help them to easily understand the lesson.

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What’s New

Look around you. Change is constant. So many industry businesses flourish in your community just like the story of Mr. Wrigley’s The story of William Wrigley Jr.- soap salesman who became the world’s best gum manufacturer. In the 20th century, chewing gum made William Wrigley Jr. one of the wealthiest men in America. InF1891, when William Wrigley Jr. was 30 years old, he moved to Chicago with his wife Ada and their daughter Dorothy, opening a new branch of his father’s company where he continued to sell soapFand offered baking powder as a premium. He soon realized that baking powder became a huge hit as a freebie and that customers were more interested in getting baking powder than soap, so he and his partner decided toFswitchFto baking powder business. Now baking powder became the primary product of William Wrigley Jr. Company, but he also offeredFgum as a premium. As baking powder’s popularity used to surpass that of the soap, so did the chewing gum packages offered with every baking powder became more popular than the baking powder itself. Wrigley soon abandoned baking powder, entered the gum industry and in 1893, he offered two new gum brands, Juicy Fruit and Wrigley’s Spearmint. Answer the questions below: 1. What is the type of business of Mr. Wrigley’s? ________________________________________________________________ 2. What are the products of the business? ________________________________________________________________ Based on the activity, you have now an idea of what is an industry and to understand it better let us get to know the different types of industries and the different services they offer.

What is It

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Types of Industries This lesson will focus on industries, although many school textbooks list only three levels, more advanced books classify industry into five levels. The terms for each level originate from Latin words referring to the numbers one to five. Classification of Industry Primary

Secondary

Tertiary

Quaternary

Quinary

Working with or extraction of raw materials/natural resources

e.g. mining activities, fishing forestry and agriculture Making or converting raw materials e.g. car manufacturing, into usable products through bakeries processing and manufacturing. Service industries or providing transportation, finance, essential services and support to utilities, retail, housing, allow other levels of industry to banking, and other services function. Dramatic growth of this new sector. ICT industries, R & D Working with creation and transfer of industries-eg.Synergy, information (ICT, media sharing) Lexmark R & D, STRAND including research and development. As well as knowledge based services like consultation. control the industrial and government Eg. Government Owned Corporation decision-making processes includes Controlled industry executives and management Executives, and bureaucrats and elected officials in government.

In the Philippines, we use the Philippine Standard Industrial Classification (PSIC). The PSIC is a detailed classification of industries prevailing in the country according to the kind of productive activities undertaken by establishments. The 2009 PSIC was patterned after the UN International Standard Industrial Classification (ISIC) Rev. 4, but with some modifications to reflect national situation and requirements.F

The following are major industries in the Philippines: Agribusiness - a business that earns most or all of its revenues from agriculture. An agribusiness tends to be large scale operations and deals with farming, processing and manufacturing, packaging and distributing agricultural products. List of Agribusiness in the Philippines Name of Agribusiness Hog/Pig Raising Poultry Farming Cattle Raising

Description Swine raising is raising and breeding of domestic pigs as livestock. Raising of domesticated birds such as chickens, ducks, turkeys and geese to produce meat or eggs for food Raising of cattleFfor milk, beef, and hides.

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Goat Raising Rice Farming Vegetable Farming Fish Pens

Corn Farming

Raising goats for milk and meat Planting rice for rice production Planting veggies is an agribusiness specially learn how to plant off – season varieties. Raising fish in a pen such as catfish, oyster, prawns, pangasius, bangus or tilapia is fun and exciting business, each species needs different environment to grow either fresh or salt water. Planting corn for consumption

These are list of some profitable agribusiness out there these are processed fruits and vegetable, seaweeds, tropical fruit purees and juices, fresh tropical fruits, sugar, bio ethanol and others. Manufacturing The process of converting raw materials, components, or parts into finished goods that meet a customer’s expectations or specifications. There are many laws and regulations that govern the manufacturing industry. The business will be require to conform to all the licensing bodies may it be the government or the local authority’s requirements. Some of the best small manufacturing businesses that can be carried out at your residence are: 1. Furniture Making – make or create furniture such as lockers, bookshelves, showcases, chairs, tables, etc. 2. Drinking Water Business- Business that sell drinking water package in a plastic bottles or container. 3. Soap Manufacturing business- business that produce different soap products. 4. Commercial Bread Making- bread making is easy and simple business that can be done at home Retail and Services Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit and usually it’s done directly to its final consumer. Retailing includes subordinated services, such as delivery. The term “retailer” is also applied where a service provider services the small orders of a large number of individuals. Recently, online retailing, a type of electronic commerce used for business – to – consumer (B2C) transactions and mail order, are forms of non – shop retailing. Types of Retail Products: 1. Food products – typically require cold storage facilities. 2. Hard goods or durable goods – these are automobiles, appliances, electronics, furniture, sporting goods, lumber, etc., and parts for them. Goods that do not quickly wear out and provide utility over time.

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3. Soft goods or consumables – clothing, other fabrics, footwear, cosmetics, medicines and stationery. Goods that are consumed after one use or have limited period (typically under three years) in which you may use them. 4. Arts – Contemporary art galleries, Bookstores, Handicrafts, Musical instruments, Gift shops, and supplies for them. On the other hand, The typicalFservice businessFprovides intangible products, such as accounting, banking, consulting, cleaning, landscaping, education, insurance, treatment, and transportationFservices. International Trade International trade is the exchange of capital, goods, and services across international borders or territories, significant share of gross domestic product (GDP). While international trade has been present throughout much of history its economic, social, and political importance has been on the rise in recent countries. It is the presupposition of international trade that a sufficient level of geopolitical peace and stability are prevailing in order to allow for the peaceful exchange of trade and commerce to take place between nations. Trading globally gives consumers and countries the opportunity to be exposed to new markets and products. Almost every kind of product can be found on international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies, and water. Services are also traded: tourism, banking, consulting, and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import. Import and exports are accounted for in a country’s current amount in the balance of payments.

What’s More The teacher would like to assess your understanding about the lesson. Now I want you to read and answer the following activities Activity 1. Below are list of company’s logos that are well known in the Philippines. Write in the space provided what type of industries the company is classified into whether Primary or Secondary or Tertiary or Quaternary, or Quinary.

1- ___________________________

2-___________________________

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3- ___________________________

4-___________________________

5-___________________________

6-___________________________

7-___________________________

8-________________________

Activity 2.Directions: Choose the letter of the correct answer from the list of words in the box and write it in blank space provided. a. b. c. d. e.

Manufacturing Agribusiness Vegetable farming Retail Food Products

f. g. h. i. j.

Soft Goods Hog raising Fish Pens Rice Farming PSIC

_______1. This industry employs man and machinery to process raw materials into finish goods. _______2. These are type of retail products that usually require cold storage.

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_______3. This is an acronym stands for Philippine Standard Industrial Classification which is a detailed classification of industries prevailing in the Philippines. _______4. Consumables are the other term for these goods. _______5. Cars, appliances, electronics and lumber are examples of these products. _______6. This business is involves in farming, processing, and packaging of agricultural products. _______7. Raising tilapia, catfish, prawns, and bangus to earn revenue is their main line of business. _______8. Piggery business is one of the most lucrative businesses in agriculture. _______9. Tomatoes, bell pepper, pechay, eggplant and bitter gourd are products of this business. _______10. In this business, shops in the residential streets are part of this business. Activity 3. Now, I want you to identify ten (10) retail products that are sold your community and classify them. Write your answer on the table below.

Food Products 1. 2. 3.

Hard Goods 1. 2. 3.

Soft Goods 1. 2, 3.

Arts 1. 2. 3.

What I Have Learned

Directions: Choose the letter of the correct answer from the list of words in the box and write it in blank space provided. f. g. h. i. j.

Manufacturing Agribusiness Vegetable farming Retail Food Products

f. g. h. i. j.

Soft Goods Hog raising Fish Pens Rice Farming PSIC

_______1. This industry employs man and machinery to process raw materials into finish goods. _______2. These are type of retail products that usually require cold storage.

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_______3. This is an acronym stands for Philippine Standard Industrial Classification which is a detailed classification of industries prevailing in the Philippines. _______4. Consumables are the other term for these goods. _______5. Cars, appliances, electronics and lumber are examples of these products. _______6. This business is involves in farming, processing, and packaging of agricultural products. _______7. Raising tilapia, catfish, prawns, and bangus to earn revenue is their main line of business. _______8. Piggery business is one of the most lucrative businesses in agriculture. _______9. Tomatoes, bell pepper, pechay, eggplant and bitter gourd are products of this business. _______10. In this business, shops in the residential streets are part of this business.

What I Can Do

Essay. 5 PT. RUBRIC 5 points

Comprehensive and analytical

4 points

Well written and some includes analysis

3 points 2 points 1 point

Well written but lacks analysis Weak essay Poorly written and lack strength

Big Idea! Can you recommend manufacturing ideas/products that are profitable during this pandemic crisis Covid 2019 and why?

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Assessment Choose the letter of the best answer. Write your answer on a separate sheet of paper. 1. The process of selling goods and services through sales channel to reach its consumers. a. Barter c. Retail b. Discounts d. Trade 2. This is an agribusiness which involves growing fish in an enclosed area. a. Goat Raising c. Rice Farming b. Fish Pens d. Vegetable Farming 3. This involves raising of chickens, ducks, and other domesticated birds for meat and egg for human consumption. a. Cattle Raising c. Poultry Raising b. Goat Raising d. Vegetable Farming 4. Production of products using labor, machines, methods, and tools for use or sale. a. Agribusiness c. Retail and Services b. Manufacturing d. International Trade 5. Agribusiness is a business that deals with production and distribution of ___________________. a. Agricultural products c. Retail Products b. Car making d. Basket Making 6. It deals with raising of pig or swine for livestock and human consumption. a. Duck Raising c. Goat Raising b. Cattle Raising d. Hog Raising 7. These are type of retail products that is intended to be consumed in a quick manner. a. Arts c. Soft Goods b. Hard Goods d. Substitutes 8. This business deals with creation or production of goods like tables, chairs, and cabinets. a. Hog raising c. Furniture Making b. Corn farming d. Poultry Farming 9. These are list of business that involves agriculture except _______________. a. Hog raising c. Furniture Making b. Corn farming d. Poultry Farming 10. A business that deals with farming, processing and manufacturing, packaging and distributing agricultural products. a. Agribusiness c. Retail and Services b. Manufacturing d. International Trade 11.Deals with selling of one of the basic consumption of man which is water.

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a. Drinking Water Business c. Bakery b. Soap manufacturing d. Furniture Making 12.This industry is involved in information technology business. a. Primary Industry c. Tertiary Industry b. Secondary Industry d. Quaternary Industry 13.Internet provider, janitorial services and health care are part of this industry. F a. Primary Industry c. Tertiary Industry b. Secondary Industry d. Quaternary Industry 14.This industry provides a wide range of personal and professional services to consumers.F a. Primary Industry c. Tertiary Industry b. Secondary Industry d. Quaternary Industry 15.This industry that take raw materials from earth and sell it for use or undergo manufacturing process. a. Primary Industry c. Tertiary Industry b...