A. What is a Business Firm? What is an Industry?

B. Give an example of a Business Firm and an Industry? Enumerate the features of their product or service.

INSTRUCTION: Choose a commercial/advertisement of any product/service on television or print media. Identify the positive and negative effects of the product or service on the youth and the community.

B. Tell whether the following statements are a positive spill over or negative spill over effect to the workers, the firm, the community, and the environment. This is how you write your answer. Example: Positive spill over ---Community

1. Pollution created by a power plant

2. A company setting up a canteen for its employees that is accessible to the general populace

3. Fast food companies advertising campaign that can alter the consumption habits of the young that can have undesirable effects on their future health. 4. A business firm investing in the construction of infrastructure like roads

that benefited the neighboring communities.

5. The technology used by a business firm emits smoke, and produce air and water pollutants.

6. Sale of more cars can further aggravate the traffic congestions in the metropolis. 7. A firm's business has created more businesses in the community.

8. The sales of the firm of its outputs to other firms as intermediate inputs and capital goods contribute to the strengthening of the integration of the economy.

9. The firm in exporting its products not only earn foreign exchange but also contribute to the accumulation of the country's foreign reserves.

10. A hotel's attempt to earn profit resulted to providing income to other business