Quarter 2 Lezz Flashcards
A mental image of what the organization will be in the future, as desired by the company management and employees
VISION
basic purpose of an organization and range of their operations
MISSION
Is a unprocessed goods like raw materials, logs, and wheat, which are extracted from their sources and do not undergo any process of production.
Raw materials
are semi-processed goods that are not ready for final use by consumer such as leather, cloth, and steel which have undergone some processing but need to go through additional processing before they can be actually used.
Intermediate goods
are goods that are ready for direct consumption.
Final goods
- is the market value of final products, both sold and unsold, produced by the resources of the economy in a given period.
Gross National Product(GNP)
is the monetary value of all the finished goods and services produced within the coutry in a specific time period
Gross Domestic Product(GDP)
Give me the three main economy producing sectors
Agriculture, Fishery, and forestry
Industry
Service
reaps the fruits of natural resources like soil, water, and forests.
Agriculture, Fishery and Forestry Sector
Give me some example of Industry
Manufacturing
Construction
Electricity, gas and water
Mining and quarrying
Give some example of service
Trade
Transportation, Communication and Storage
Banking and Finance
Public Service
Real estate
Private Services
supposedly processes raw materials from agriculture, fishery and forestry into intermediate products that are further processed into final products.
Industrial Sector
produces the intangibles supporting and complementing production in the other sectors as well as among its own industries
Service Sector
“Jolly” stands for?
Happy
“Bee” stands for?
Hardworking
