Semi-finals Exam Applied Eco Flashcards
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
Q
- Furniture
A
Goods
26
Q
- Cars
A
Goods
27
Q
- Transportation
A
Services
28
Q
- Education
A
Services
29
Q
- Health Care
A
Services
30
Q
- Civil Service
A
Services
31
Q
- Entertainment
A
Services
32
Q
ENUMERATION
A
33
Q
Examples of Manufacturing Business
A
- San Miguel Corporation
- Monde Nissin Corporation
- Universal Robina Corporation
34
Q
Types of Services (Business Services)
A
- Business Services
- Personal Services
- Social Services
35
Q
Examples of Personal Services
A
- Skincare Treatment
- Hair Treatment
- Manicure & Pedicure Treatment
36
Q
Examples of Social Services
A
- Public Education
- Public Transportation
- Public Health Care
37
Q
Examples of Business Services
A
- Accounting & Bookkeeping Services
- Business Consulting Services
- Business Financing Services
38
Q
Examples of E-commerce
A
- Shoppe
- Lazada
- TikTok
39
Q
Advantages of E-commerce
A
- Convenience
- Increased Selection
40
Q
Disadvantages of E-commerce
A
- Limited Customer Service
- Lack of Instant Gratification
