Development TOTAL Read the story carefully. Analyze the business. Then answer the questions at the end of the story. Answer the question in separate sheet of paper. Anne and Cherry are friends since high school. Anne is good in baking and Cherry is good in selling. To increase their income, they decided to put up an online business of bakery products. They contributed 10,000 each to start the business and decided to split the profit equally as business partners. The friends agreed that Anne will be in charge of the production while Cherry will be in charge of the online site for taking marketing and promotion. Cherry started taking orders while Anne is busy on baking products. The business started to get big orders from their regular clients and other who visited their online site. After one year of operation, while Cherry continue with her regular work Anne as in-charge of the production, started getting sick and advised to rest. Now, Anne can no longer continue baking for their business. 1. What went wrong with the business? 2. Do you think Anne and Cherry were right in how they manage their business? 3. Are they right in their decision of equal sharing of profit? Explain your answer.5. Low quality means high satisfaction to customers PERFORM WHAT IS BEING ASKED. RUBRIC FOR CASE STUDY The content was wellthought, Content guide questions were thoroughly answered The paper was wellwritten with Organization ideas easily conveyed to readers. Development Points are thoroughly developed TOTAL the story. Read the story carefully. Analyze the business. Then answCommerce Partnership 12. Business ability to use its resources to produce profit. autonomy profitability big idea scalability 13. These are alternative goods that can easily replace by other products either perfectly or in part brand original clone substitutes 14. Printed and online promotion is needed in starting your business. advertising profitability big ideas scalability 15. Entrepreneurs think big and make this idea into a reality for the success of their business. autonomy profitability big idea scalability 16. This economist states that environmental analysis surveys the business landscapes to determine how external variables will affect its decision making. A. Adam Smith C. John Maynard Keynes B. Alfred Marshall D. Robert Grant 17. Which statement is not true about environmental analysis? A. It is a process by which organization monitor their relevant environment. B. It helps identifies opportunities, plan and does take action. C. It identifies strengths and weaknesses of the business. D. It does not study various factors affecting the business. 18. This objective of environmental analysis puts relevance that one must be aware of existing environment specifically factors such as changes in economic, technological political and so forth. A. To provide input for decision-making. B. To ensure optimum utilization of resources C. To identify the threats and opportunities of environment. D. To understand current and probable change in environment. 19. This objective of environmental analysis means to choose an alternate among the alternatives so that the best alternates is selected and decided. A. To provide input for decision-making B. To ensure optimum utilization of resources C. To identify the threats and opportunities of environment. D. To understand current and probable change in environment. 20. This objective of environmental analysis examines opportunities and threats in the environment. A. To provide input for decision-making. B. To ensure optimum utilization of resources C. To identify the threats and opportunities of environment. D. To understand current and probable change in environment. 21. This objective of environmental analysis puts outmost importance in the proper use of the company's resources to make the business successful. A. To provide input for decision-making B. To ensure optimum utilization of resources C. To identify the threats and opportunities of environment. D. To understand current and probable change in environment. 22. Proponent of SWOT Analysis since he led a convention at the Stanford Research Institute (now SRI International) in the 1960s and 1970s using data from Fortune 500 companies, A. Adam Smith C. John Maynard Keynes B. Albert Humphrey D. Robert Grant 23.SWOT analysis is a technique use to evaluate business or project, The acronym for SWOT isA. Suppliers, Workers, Overtime, Tool B. Staff, Workers, Operation, Time C. Strengths, Weaknesses, Opportunity, Threats D. Supreme, Weaknesses, Opportunity, Threats 24. If a business has a strong support in the market, then your business has C. Weakness A. Opportunity B. Strength D. Threat 25. When you receive a proposal for new investor, then your business has A. Opportunity C. Weakness B. Strengths D. Threat 26. In an online business, which of the following can be classified as an opportunity? A. Well known blogger patronize your products. B. Discover a new level of marketing that ca increase your sales C. Customer are supportive D. Difficulty in distributing products to rural areas 27. Proponent of Forces Competitive Model A. Adam Smith C. John Maynard Keynes B. Albert Humphrey D. Michael Porter 28. In an online business, which of the following can be classified as threats in the busines A. Competitors have well known bloggers that patronize products B. Free shipping fee to your valued clients C. Customers have freebies D. Financial difficulties 29. This pertains to the characteristics of the business or project that could endanger the profitability of the business. A. Opportunity C. Weakness B. Strength D. Threat 30. In an online business, when your online site has thousand followers then your business has A. Opportunity C. Weakness B. Strength D. Threat Directions: Choose the letter of the correct answer from the list of words in the box and write it in blank space provided. n. Manufacturing f. Soft Goods b. Agribusiness g. Hog raising c. Vegetable farming h. Fish Pens d. Retail i. Rice Farming e. Food Products J. PSIC This industry employs man and machinery to process raw materials into finish goods. These are type of retail products that usually require cold storage. This is an acronym stands for Philippine Standard Industrial Classification which is a detailed classification of industries prevailing in the Philippines. Consumables are the other term for these goods. Cars, appliances, electronics and lumber are examples of these products. products This business is involves in farming, processing, and packaging of agricultural business Raising tilapia, catfish, prawns, and bangus to earn revenue is their main line of Piggery business is one of the most lucrative businesses in agriculture. business. Tomatoes, bell pepper, pechay, eggplant and bitter gourd are products of thiss has 10. In this business, shops in the residential streets are part of this business. III.Modified True or False. Write True if statement is correct, write False if statement is incorrect and underline the incorrect word and write the correct answer. 2 POINTS EACH 1. One of the strategies of suppliers is to provide discounts to clients who buy small quantities of a specific good or service. 2. In business, competitors are a must to ensure quality products and services. 3. Affordable price means lesser market share. 4. Soya milk is an example of substitute product for fresh milk. 5. Low quality means high satisfaction to customers PERFORM WHAT IS BEING ASKED. RUBRIC FOR CASE STUDYMULTIPLE CHOICE. Circle the letter of the correct answer. 1. These are individuals/ group of individuals who buy goods and services for personal and business use. Government Consumer Creditors d. Suppliers 2.The capability of a company to produce or increase output when resources are added is called Profitability a. Autonomy Durability d. Scalability 3. Business is a legal entity that is separate and distinct from owner. Autonomy Profitability Durability Scalability 4. Ford and Toyota sells the same products; it evident that there is a Competition Alliance b. Distribution Threats 5.Competitive advantages can also be gained by business that seeks association or cooperation with other business: Alliance Defensive strategy b. Cost leadership d. Differentiation 6. Individual or firms who desire products and services in the market for consumption or business Consumers Government Creditors Supplier 7. Which does not belong to the group? Colgate C. Close-Up b. Head and Shoulders d. Hapee 8. A strategy that businesses use to distinguish themselves apart from their competitors. Differentiation C. Defensive Strategy b. Alliance Cost Leadership 9. This method occurs when a business is able to offer the same quality product as its competitors and sell it at a lower price. a. Differentiation b. C. Defensive Strategy Alliance d. Cost Leadership 10. The advantage gained by this type of strategy is that it allows the business to further distance itself by using defensive method. Defensive strategy b. C. Alliance Diffrerentiation d. Cost Leadership of money- 1 1. An economic activity that is engage in buying and selling of goods and services in exchange Business C. Trade