SELF-LEARNING HOME TASK (SLHT)

Subject: ENTREPRENEURSHIP 10 Grade Level: 10 Quarter: 2nd Week: 1-3

MELC: Applies prevailing pricing structures and methods in Competency Code: N/A
determining production cost and price of products or services

Name __________________________ Section _______________ Date ____________

School __________________________ District __________________________________

A. Readings/Discussions

PURCHASING OF GOODS AND SERVICES FROM THE LOCAL SOURCES

We are very lucky nowadays enjoying and benefiting from the advantages that
technology brings to our life. When we go to the supermarkets and department stores, lots of
goods and services are there available for your needs. With various shopping malls we have in
the entire Philippines, you will not think of going abroad to purchase the things that you want.

As an entrepreneur, you must realize that there are products that are grown like the
fruits, plants, vegetables and other natural resources. Other things made and manufactured
according to the needs and wants of our target market or customers. Likewise, the services are
also made and created according to the felt need of the community. Service is more delicate to
manage because it is a work that someone must provide to others with satisfaction.

PRODUCTS – anything that can be offered to a market that might satisfy your want or your
need.

CLASSIFICATION OF PRODUCT:
1. Grown Products – fruits, plants and vegetables and other natural resources
2. Manufactured Products – products that are produced according to the needs and wants.
3. Services – intangible products (products that do not sold physically)

Why do you prefer to purchase from local sources?

BENEFITS OF PURCHASING LOCAL GOODS AND SERVICES:
A. It stops the value of colonial mentality.
B. It gives additional income to the government through tax collection.
C. It maximizes the use of our natural resources from raw materials to the finished products.
D. It develops the skills to the Filipino people making them more innovative, creative, and
productive.
E. It gives affordable price for seasonal and quality products, fruits and vegetables.
Whether you sell PRODUCTS or sell SERVICES as part of your business, skillful,
careful and wise purchasing is an important part of your business. It can determine whether
or not you will make a profit.

FACTORS TO CONSIDER WHEN PURCHASING GOODS AND SERVICES

A. Study the profile of local producers.
B. Research on the daily average consumption of the customers.
C. Know your customers.
D. Find out the right place to buy.

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E. Determine how much to procure.
F. Check the track record of each supplier.
G. Get the behavior of the patrons towards products and services.
H. Ensure the sustainability of the items.

UTILIZE STANDARD INVENTORY CONTROL OF THE PRODUCTION

MATERIAL

One delicate task of an entrepreneur is to maintain an inventory control of goods and

services. There must be an assurance that the owner will not run out of stock in the production
phase of his business. These are much accounted for from raw materials to the finished
expected outputs. All related activities of purchasing require control management. There must
be no shortages of materials since sources and supplies are locally checked and available for
the business. Inventories are stocks of goods and materials available for productions or
manufacturing. Stocks are inventory itself in various forms and control is an approach or
strategy that checks, and balance resources needed in the continuous operation

How do you control inventory of goods and services? It is imperative to determine

your production ability, capacity and responsibility. An enterprise must have reliable data
about purchasing and manufacturing. A production chart on daily, weekly, monthly, quarterly
and yearly basis would help to feed information as basis of parallel consumption of the
materials.

The use of stock card is a good strategy to control records of stocks of goods and
materials. There are three types of inventories described below:

TYPES OF INVENTORIES:
1. RAW - MATERIALS INVENTORY (RMI) – these are stockpile of materials for inputs of
production.
2. WORK – IN – PROCESS INVENTORY (WIPI) – these are partially completed products
requiring further processing including sets of unfinished goods for production process.
3. FINISHED – GOODS INVENTORY – these are the final outputs of production ready for
delivery to the market or customers.

To control is not only to check physically but to list down stocks and balances on a
stock card before deciding to do the purchasing activity. It is important to declare the
minimum and maximum stock of every item needed in the business operation. The important
sources like the suppliers and stores (including business places) are reflected in the stock card
including the date of purchase and the price as reference.

In this stock card, it is important to update the daily record to tally the actual stocks
against what is reflected on the stock card. This would help an entrepreneur to know what,
when, where and how many items are to be purchased at a time to sustain the inventory of
goods and services. Every stock card must be a reliable piece of reference. All items received
and used should always be updated.

Below are examples of stock cards that you may use. Of course, you may also design your
own stock card.

STOCK CARDS:
1. STOCK CARD – 1 – is for itemized inventory record per item or individual
2. STOCK CARD – 2 – is for collective inventory record of all files of stock card – 1

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 TENEZA'S MEAT & FISH PRODUCT COMPANY
Stock Card - 2
(Collective Items from Stock card -1)
Operation Year: _______________
Month Item Beginning Balance Total Deliveries Cumulative Balance

Total Withdrawals

TENEZA'S MEAT & FISH PRODUCT COMPANY

Stock Card - 1
(Individual/Per Item)
Stock Card 1 Min. Stock: 3 bags Supplier: MVC Company
Item: TVP / Textured
Vegetable Protein Max. Stock: 25 bags Re-Order Stock: 20 bags
Date Deliveries Withdrawals BALANCE Withdrawn by:
(qty/units) (qty/units) (qty/units) (Person / Department)
Balance Forwarded 20 bags Ms. Sol Saldivar
2009
MAY
25 5 bags 15 Mr. Rene Delfino
26 8 7 Jun (Mixing Section)
27 4 3 Reynaldo (Receiving Sec)
28 20 bags(OR# 1221, P750/bag) 23 Leony (MVC Co.)
29 5 18 Perchy (DepEd)

Let us remember, in 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. In the successful inventory
control management, always remember to take note of the date, items received and
withdrawn, supplier sources, minimum and maximum stocks, re-order stock, the price and
other data important in the inventory control. The stock card should always be maintained
as a tool or basis to control inventory.

B. Exercises

Exercise 1.1: Identification

Directions: Identify whether GROWN PRODUCT, MANUFACTURED PRODUCT or

SERVICE.

___________________________1. TUTORIAL
___________________________2. CHICKEN
___________________________3. COCONUT HUSK
___________________________4. RICE
___________________________5. BAGS
___________________________6. CONSULTANCY
___________________________7. CORN
___________________________8. MASSAGE
___________________________9. BOTTLE DISPENSER
___________________________10. NOTEBOOK
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Exercise 1.2: Identification

Directions: Identify whether BENEFIT or FACTOR of purchasing local goods or services.

____________________1. Maximizes the uses of our natural resources from raw materials.

____________________2. Know your customers.

____________________3. Find out the right place to buy.

____________________4. Stops the value of colonial mentality.

____________________5. Gives affordable price for seasonal and quality products.

____________________6. Gives additional income to the government.

____________________7. Study the profile of local producers.

____________________8. Get the behavior of the patrons towards the products or services.

____________________9. Ensure the sustainability of the products.

____________________10. Gives additional income to the government.

Exercise 2

Directions: Match column A with the correct answer on column B. Write only the letter on the
space provided.

A B

______1. Is for itemized inventory record per A. Inventories

item or individual.
______2. Inventory itself in various forms. B. Stock Card
______3. These are stockpile of materials for C. Stock Card - 1
inputs of production.
______4. Is for collective inventory record of all D. Stock Card – 2
files.
______5. These are the final outputs of E. Raw-Materials Inventory
production ready for delivery to the market.
______6. Good strategy to control records of F. Work-In-Process Inventory
goods and services.
______7. Is an approach or strategy that checks, G. Finished-Goods Inventory
and balance resources needed in the continuous
operation of the business.
______8. These are partially completed products H. 2
requiring further processing including sets of
unfinished goods for production process.
______9. Are stocks of goods and materials I. Control
available for production or manufacturing.
______10. Number of Stock Cards that the J. Stocks
company may use.

C. Assessment/Application/Outputs (Please refer to DepEd Order No. 31, s. 2020)

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Directions: Multiple Choice. Choose the letter of your best answer.
1.Apple, cucumber, carrots, tomatoes and corn are examples of what products?
a. grown products
b. manufactured products
c. processed products
2. The dresses we have, bags we use and shoes we wear, are examples of what products?
a. grown products
b. manufactured products
c. processed products
3. The maximized use of the natural resources, nurturing entrepreneurial skills of the Filipino
people and additional income of the government through tax collection are examples of what
purchasing activity?
a. benefits of purchasing activity
b. factors in purchasing goods and services
c. guidelines in purchasing process
4. Assessing the profile of the producers and customers and checking the track record of the
suppliers are examples of what purchasing activity?
a. benefits of purchasing activity
b. factors in purchasing goods and services
c. guidelines in purchasing process
5. These are stock files of materials for the inputs of production.
a. finished-goods-inventory
b. raw-materials-inventory
c. work-in-process inventory
6. These are partially completed products requiring further processing including sets of
unfinished goods for production process.
a. finished-goods-inventory
b. raw-materials-inventory
c. work-in-process inventory
7. These are the final outputs of production ready for delivery to the customers.
a. finished-goods-inventory
b. raw-materials-inventory
c. work-in-process inventory
8.Stock card #1 has information and data that are categorized in what cluster of items?
a. collective
b. group
c. individual
9. Stock card #2 has information and data that are categorized in what cluster of items?
a. collective
b. group
c. individual
10. When you need to purchase or avail of goods and services without the need to leave the
country, how do you classify these resources?
a. export resources
b. imported resources
c. local resources
D. Suggested Enrichment/Reinforcement Activity/ies

Patronizing Local Products and Services

Patronizing local products and services has the net effect of job creation and
assuring local producers remain economically viable. The money generated by patronizing
local small businesses generates local taxes and fees that then are reinvested in the community,
supporting things such as local schools or infrastructure. In a short bond paper, make a

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 handmade/digital meme on how to patronize local products and services.
Criteria 5 4 3 2
Design of the Meme/ Meme is original and Meme is almost Meme is slightly Meme is copied.
Choice of images the picture has a solid original but there is a original, and the
and visual representation similar idea and the picture has a slight
words/Originality of the idea. picture has a visual representation of the
representation of the idea.
idea.
Appropriateness of The meme is greatly The memes are The meme is The meme seems to
the Meme enforcing positive written to encourage written in a confusing encourage poor
behavior. positive behavior way behavior rather than
improve behavior
Relevance Meme is greatly Meme is somewhat Meme is slightly Meme is off topic.
relevant to the topic. relevant to the topic. relevant to the topic.

References:

Teneza, Celedonia T., Ed.D., Worktext in Technology & Livelihood Education in Business
Management III, published by Shekinah Publishing and Printing Press Co., Copyright, 2006

Teneza, Celedonia T., Ed.D., & Baes, Ma. Gradiva S., Worktext in Technology & Livelihood
Education in Business Management IV, published by Shekinah Publishing and Printing Press
Co., Copyright, 2006

Villanueva, Cristina R. & Rojo, Luz V., Technology & Livelihood Education

Prepared by: Edited by:

ABIGAIL P. ROSACEÑA
Teacher 1
Consolacion National High School-Day Class

GUIDE

For the Teacher

This self-learning home task was designed to provide you a tool to facilitate learning in
the Entrepreneurship subject. The series of learning activities are provided in order to complete
the learning outcomes.

For the Learner

This self-learning home task was designed to provide you with meaningful opportunities
to acquire knowledge, skills and attitudes in Entrepreneurship in a guided and independent
manner at your own pace and time.

For the Parent/Home Tutor

This self-learning home task was designed to provide your child and brief and concise
learning tool for a guided and independent learning at his/her pace and time. Your guided
supervision, support and coordination with the teacher are important towards effective learning.