Semi-finals Exam Applied Eco Flashcards
(40 cards)
1
Q
- Is any business that uses components, parts, or raw materials to make a finished good.
A
Manufacturing Business
2
Q
- These finished goods can be sold directly to consumers or other manufacturing businesses for making a different product.
A
Manufacturing Business
3
Q
- Refer to the cost advantage experienced by a firm when it increases its level of output.
A
Economies Scale
4
Q
- Economies scale can be implemented by a firm at any stage of the production process
A
Economies Scale
5
Q
- is called the engine of economy.
A
Manufacturing
6
Q
- Manufacturing businesses in today’s world are normally comprised of machines, robots, computers, and humans that all work in a specific manner to crete a product.
A
Manufacturing Business
7
Q
- The advantage arises due to the inverse relationship between the per unit fixed cost and quantity produce.
A
Economies Scale
8
Q
- The Philippine manufacturing industry remains to be the most important sector for long term productive employment.
A
Manufacturing Industry in the Philippines
9
Q
- Is a company that provides professional support to its clients.
A
Service Business
10
Q
- This kind of business offers task related to consulting, accounting, transportation, cleaning, and hospitality.
A
Service Business
11
Q
- Support the daily operation and activity of any business.
A
Business Services
12
Q
- Are engages in commercial activities which is intended for individual needs. The service is “uniquely offered and intended for each customer.
“
A
Personal Services
13
Q
- They are provided by the government or non profit organizations. “The service is not a profit motive but for a social cause.”
A
Social Services
14
Q
- From a business standpoint, service businesses are those that provide an activity or work with a commercial purpose.
A
Service Business
15
Q
- Is the exchange of information or business transactions using any form of electronic communication.
A
E-Commerce
16
Q
- Is facilited through the use of electronic devices such as computers, tablets, and smartphones.
A
E-Commerce
17
Q
- Personal E- commerce can easily be achieved by filipinos through any of the numerous buys and sell sites currently available.
A
E-Commerce in the Philippines
18
Q
- With the global pandemic, there is an increase in the demand for e-commerce in the philippines.
A
E-Commerce in the Philippines
19
Q
- E- commerce can operate 24 hours a day, seven days a week.
A
Advantages of E-Commerce
20
Q
- With e-commerce business may establish a wider market presence by providing cheaper and more efficient distribution channels of the products and services.
A
E-Commerce
21
Q
IDENTIFICATION (GOODS OR SERVICES)
A
22
Q
- Foods
A
Goods
23
Q
- Clothing
A
Goods
24
Q
- Electronics
A
Goods
25
4. Furniture
Goods
26
5. Cars
Goods
27
6. Transportation
Services
28
7. Education
Services
29
8. Health Care
Services
30
9. Civil Service
Services
31
10. Entertainment
Services
32
ENUMERATION
33
Examples of Manufacturing Business
1. San Miguel Corporation
2. Monde Nissin Corporation
3. Universal Robina Corporation
34
Types of Services (Business Services)
1. Business Services
2. Personal Services
3. Social Services
35
Examples of Personal Services
1. Skincare Treatment
2. Hair Treatment
3. Manicure & Pedicure Treatment
36
Examples of Social Services
1. Public Education
2. Public Transportation
3. Public Health Care
37
Examples of Business Services
1. Accounting & Bookkeeping Services
2. Business Consulting Services
3. Business Financing Services
38
Examples of E-commerce
1. Shoppe
2. Lazada
3. TikTok
39
Advantages of E-commerce
1. Convenience
2. Increased Selection
40
Disadvantages of E-commerce
1. Limited Customer Service
2. Lack of Instant Gratification
