Business Enterprise Simulation-3RD QTR WEEK 4 PDF

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Summary

Business Enterprise Simulation subject 3RD QTR WEEK 4...

Description

W4

Learning Area Quarter

Business Enterprise Simulation Third (3)

I. LESSON TITLE

The learners design an operating plan to ensure that the inputs and processes required to deliver the product or service are identified and estimate the costs needed for production. ABM_BES12-Id-j-c7 The learners craft a financial plan, the inputs of which are from the results of the marketing plan (sales) and operations plan (operating costs), and which will define the financial goals that will be his/her target upon eventual execution. ABM_BES12-Id-j-c8 The learners craft a full business plan for review of mentors before actual execution. ABM_BES12-Id-j-9 Key Concepts from the ABM Strand Subjects 5 weeks of preparation and research for inputs to the business plan

III. CONTENT/CORE CONTENT

A. Introduction Panimula

12

Business Plan

II. MOST ESSENTIAL LEARNING COMPETENCIES (MELCs)

IV. LEARNING PHASES

Grade Level Date

Suggested Timeframe 20 minutes

Learning Activities Good day! After going through this learning packet, you are expected to: 1.design an operating plan to ensure that the inputs and processes required to deliver the product or service are identified, and estimate the costs needed for production’ 2. craft a financial plan, the inputs of which are from the results of the marketing plan (sales) and operations plan (operating costs), and which will define the financial goals that will be his/her target upon eventual execution, and 3.The learners craft a full business plan for review of mentors before actual execution. Let’s review Marketing Mix, Marketing Plan and Business Model. Marketing Mix is the way in which you take a new product or service to market. It helps you to define your marketing options in terms of price, product, promotion, and place so that your offering meets a specific customer need or demand. (mindtools.com). Marketing Plan is a written document that describes your advertising and marketing efforts for the coming year; includes a statement of the marketing situation, a discussion of target markets and company positioning and a description of the marketing mix you intend to use to reach your marketing goals. (www.entrepreneur.com). Business Model (Investopedia.com) refers to a company’s plan for making a profit. It identifies the products or services the business plans to sell, its identified target market and any anticipated expenses. The business plans help investors evaluate companies that interest them. Activity 1 Directions: Under Column A are the Accounting terminologies. Read and find their descriptions under Column B. Please match Columns A and B. Write the correct answer in your yellow paper. Column A Column B A. Gross Receipts 1.The income you receive from your business B. Bookkeeper C. Cost D. Revenue E. Bookkeeping

2.key component to building a strong business foundation 3.refers to the income of the organization 4.the total revenue derived from sales, word done, or service rendered. 5.responsible for maintaining a detailed record of purchases, sales and other financial transactions.

B. Development Pagpapaunlad

Pre-test Let’s check your prior knowledge about the topic. Directions: Kindly read and analyze the statements below. Write the correct answer in your yellow paper. Human Resource Manager Expenses Bookkeeping Financial

Assets

1, He is responsible for the welfare of the organization. 2. It Is considered as an indispensable subset of Accounting. 3. These are the costs you incur to carry on your business. 4. These are the properties you own and use in your business. 5. These are the items you buy and resell to customers. Lesson 1 Business Plan When you hear the word Business Plan what comes first into your mind? Business Plan is a written document that describes in detail how a business is usually a startup. (www.investopedia.com). It lays out a written roadmap for the firm from each of a marketing, financial, and operational standpoint. Importance of Business Plan(wavesup.com) 1.to help with critical decisions 2.to iron out the kinks. 3.to avoid the big mistakes. 4.to prove the viability of the business. 5.to set better objectives and benchmarks. 6.to provide a guide for service providers. 7.to communicate objectives and benchmarks 8.to secure financing Here is the format of Business Plan to serve as your guide in doing this. It was divided into six (6 aspects in business; CHAPTER 1 Project Summary 1.1 Name of the Business 1.2 Goal of the Business 1.3 Location of the Business 1.4 Brief Description of the Business 1.5 Objectives of the Study 1.6 Scope and Limitation CHAPTER 2 Marketing Aspect 2.1 Objectives of the Study 2.2 Market Description 2.3 Mission 2.4 Vision 2.5 Values 2.6 Methodology 2.7Historical Demand 2.8 Projected Demand 2.9 Historical Supply 2.10 Projected Supply 2.11 Demand Supply Gap 2.12 Market Share 2.13 Marketing Plan 2.14 Marketing Strategies 2.15 Target Market 2.16 Advertising Materials 2.17 Map of the Business Location CHAPTER 3 Management Aspect 3.1 Objectives of the Study 3.2 Management Description 3.3 Process of Securing Licenses and Permits 3.4 Form of Business Organization 3.5 Organizational Structure

3.6 Duties and Responsibilities of the Personnel 3.7 Qualifications of Personnel 3.8 Hiring Process and its Requirements 3.9 Salary Compensation 3.10 Schedule of Salaries 3.11 Employer/Employee Schedule 3.12 Gantt Chart CHAPTER 4 Technical Aspect 4.1 Objectives of the Study 4.2 Technical Description 4.3 Main Product Offered 4.4 Pictures of Equipment 4.5 Pictures of Furniture and Fixtures 4.6 Pictures of Utensils 4.7 Pictures of Maintenance Supply 4.8 Pictures of Sanitary Supply 4.9 Quantity and Prices of Machinery and Equipment 4.10 Quantity and Prices of Furniture and Fixtures 4.11 Quantity and Prices of Maintenance Supplies 4.12 Quantity and Prices of Sanitary Supplies 4.13 Quantity and Prices of Utensils 4.14 Utility Consumption 4.15 Floor Plan CHAPTER 5 Financial Aspect 5.1 Objectives of the Study 5.2 Financial Description 5.3 Financial Assumptions 5.4 Project Financing 5.5 Financial Statement 5.6 Projected Balance Sheet 5.7 Projected Income Statement 5.8 Projected Cash Flow Statement CHAPTER 6 Socio-Economic Aspect 6.1 Objectives of the Study 6.2 To the Customers 6.3 To the Community 6.4 To the Government 6.5 To the Employers/ Employees 6.6 To the Environment

C. Engagement Pakikipagpalihan

FINANCIAL STATEMENTS are the backbone of the business. Edralin (2019). These include income (profit and loss) statements. Example of Income Statement BLUE RIBS COMPANY Income Statement For the year ended December 31,2019 Income Sales Revenue P50,000 Other income 10,000 P60,000 Less Expenses: Utilities Expense P 5,000 Salaries Expense 35,000 40,000 Net Income P 20,000 Activity 2 and 3. Directions After preparing your Marketing Plan successfully, you can present a sample Business plan. Kindly follow the format above. Submit it on time and be ready for your Business Plan defense.

D.

Assimilation Paglalapat

V. ASSESSMENT (Learning Activity Sheets for Enrichment, Remediation or Assessment to be given on Weeks 3 and 6)

VI. REFLECTION

Prepared by:

To be effective in the presentation of your work, you can choose between the two: A. Online Presentation using your PowerPoint presentation. You must wear your proper uniform during your presentation. B. Narrative Presentation by writing your discussions and explanations. Let us check what you have learned. Business Plan is vital in running a business. This will serve as your guide through each stage of starting and managing business. Activity 4. Based on the example given on the Financial Statement, prepare an income statement using the data below and identify if it is net income or net loss. (10 points each) 1.Company Name: Infinity Baked Shop 2. Company Name: L & A Jewelries Date: December 31,2018 Date: December 31,2019 Revenue: P65,000 Revenue: P105,000 Salaries Expenses: 20000 Salaries Expenses: 40000 Machineries and Equipment :15000 Machineries and Equipment:75000 Post Test Directions: Kindly read and analyze the statements below. Write the correct answer in your yellow paper.

1.This aspect involves the operation of the business. 2.It involves the product, place, price, promotion of the business. 3.The main priority is the welfare of the employees. 4.It refers to the income and loss of the company 5.This aspect wants to share and help other people. In your notebook, write your insights about the lesson using the prompts below. I understand that ___________________. I realize that ________________________. I need to learn more about __________.

Annabelle G. Bughao, SDO Imus City

Checked by:

Dr. Josephine P. Canlas, Adora G. del Mundo, Dr. Leticia A. Rogacion...