Module 6

Question 1

What is the role of business implementations?

Answer 1

Business implementations are the driving force behind activities striving to accomplish objectives in a business plan.

Question 2

Why is a strategic plan essential for a business?

Answer 2

It provides a clear direction to follow, ensuring the attainment of goals and providing value to customers.

Question 3

What is forecasting in business?

Answer 3

Forecasting involves using past and present data to make predictions about future events or trends.

Question 4

What factors can influence sales forecasting?

Answer 4

-Competition
-macroeconomics -
-events
-law
-season
-employees

Question 5

How does competition affect sales forecasting?

Answer 5

A competitor’s performance can impact your sales volume, requiring adjustments to your forecast.

Question 6

What is the formula for Markup?

Answer 6

Markup = Cost per unit x Desired Markup

Question 7

What is the formula for Projected Daily Revenue?

Answer 7

Projected Daily Revenue = Selling Price x Volume of Items Sold

Question 8

What is the formula for Projected Annual Revenue?

Answer 8

Projected Annual Revenue = Selling Price x Projected Items Sold Annually

Question 9

What is the purpose of Ratio Analysis?

Answer 9

It compares two numbers from financial statements to evaluate a company’s financial health.

Question 10

What does the Profitability Ratio measure?

Answer 10

It assesses a company’s profitability and ability to generate shareholder returns.

Question 11

What is the formula for Return on Investment (ROI)?

Answer 11

ROI = Net Income / (Average Assets / 2)

Question 12

What does the Debt Ratio indicate?

Answer 12

It compares a company’s total debt to its assets, indicating financial risk.

Question 13

What is the Quick Ratio?

Answer 13

Quick Ratio measures a company’s short-term liquidity and ability to meet obligations with liquid assets.

Question 14

What is the Value Chain Analysis (VCA) Model?

Answer 14

The VCA model represents a firm’s internal activities when transforming inputs into outputs.

Question 15

What are the primary activities in the Value Chain Analysis Model?

Answer 15

Inbound logistics, operations, outbound logistics, marketing and sales, and service.

Question 16

What are the support activities in the Value Chain Analysis Model?

Answer 16

Firm infrastructure, human resource management, technology development, and procurement.

Question 17

What is the Value Chain Analysis (VCA) model?

Answer 17

The VCA model is applicable for both product and service types of business, focusing on activities to reduce costs or increase differentiation.

Question 18

What are the primary activities in the Value Chain Analysis model?

Answer 18

The primary activities include inbound logistics, operations, outbound logistics, marketing and sales, and service.

Question 19

What does inbound logistics involve?

Answer 19

Inbound logistics involves raw materials handling and warehousing.

Question 20

What does operations involve?

Answer 20

Operations involve machining, assembling, and testing.

Question 21

What does outbound logistics involve?

Answer 21

Outbound logistics involves warehousing and distribution of finished products.

Question 22

What does marketing and sales involve?

Answer 22

Marketing and sales involve advertising, promotion, and pricing channel relations.

Question 23

What does service involve?

Answer 23

Service involves installation, repair, and parts.

Question 24

What are the secondary activities in the Value Chain Analysis model?

Answer 24

The secondary activities include firm infrastructure, human resource management, technology development, and procurement.

Question 25

What is a people strategy?

Answer 25

A people strategy is the organization’s prioritized people plan that enables a business to be successful by attracting, developing, retaining, and inspiring the workforce.

Question 26

What are the Eight Rs of Human Resource Management?

Answer 26

The Eight Rs include Recruiting, Routing, Retaining, Resonating, Reviewing, Rewarding, Retooling, and Recycling.

Question 27

What does recruiting involve?

Answer 27

Recruiting is the process of finding and attracting potential resources for filling up vacant positions in an organization.

Question 28

What does retaining mean in HR management?

Answer 28

Retaining people involves holding on to employees, often requiring just wages to meet basic needs.

Question 29

What is the Business Model Canvas (BMC)?

Answer 29

The BMC is a plan that outlines a company's financial goals, customer base, value provision, and financing specifics.

Question 30

What are the nine components of the Business Model Canvas?

Answer 30

The components are Customer Segment, Customer Relationship, Channels, Revenue Streams, Key Activities, Key Resources, Key Partners, Cost Structure, and Value Proposition.

Question 31

What is the purpose of a Customer Segment?

Answer 31

Customer Segment identifies the various groups of people or organizations that an enterprise aims to reach and serve.

Question 32

What is required to launch a business in the Philippines?

Answer 32

Launching a business requires obtaining several permits and licenses, including a Tax Identification Number, Barangay Clearance, DTI registration, Mayor’s Permit, and SEC registration.

Question 33

What is the Bureau of Internal Revenue Tax Identification Number?

Answer 33

The TIN is required to acquire all necessary permits and licenses for a business and must be submitted with a tax statement at the end of each fiscal year.

Question 34

What does a Barangay Clearance certify?

Answer 34

A Barangay Clearance certifies that your business complies with the requirements of the barangay where it is situated.

Question 35

What is the purpose of the Mayor’s Permit?

Answer 35

The Mayor’s Permit ensures that your business complies with city or town ordinances.

Question 36

What is required for businesses with employees in the Philippines?

Answer 36

Businesses must secure government-mandated permits from SSS, PhilHealth, and Pag-IBIG.

Question 37

factors, from regional to global changes, will affect your sales. Selling most goods in a solid economic climate is more accessible and challenging if the general economy is terrible

Answer 37

Macroeconomics