WEEK 4

The Role of Business in Social

and Economic Development

Common Practices in Business

Organization
Marketing
Bookkeeping
Reportorial requirements and
documents
 Importance of Marketing

What is marketing?

Marketing is the
process of teaching
consumers why they
should choose your
product or service
over your
competitors.

https://www.leemag.com/importance-of-
marketing-a-business-essential/
Importance of Proper Bookkeeping

What is Bookkeeping?

Bookkeeping is the
recording of financial
transactions, and is part
of the process
of accounting in business

https://blog.udemy.com/bookkeeping-
job-description/
 Importance of Reportorial
Requirements
REPORTORIAL REQUIREMENTS IN
THE PHILIPPINE SET UP:

Department of Trade and Industry (for

sole proprietor) or Securities and
Exchange Commission (for the
partnership and corporation);

-barangay and municipal clearance

-Bureau of Internal Revenue
-Social Security System
-Philhealth
--Home Development Mutual Fund, we

(Comply with the monthly, quarterly and

yearly statutory compliances)

http://www.simplysfdc.com/2017/07/salesforc
e-subscribe-reports-in-classic.html
 Importance of Proper
Documentation
What is documentation?

Documentation is a set of
documents provided on
paper, or online, or on
digital or analog media,
such as audio tape or
CDs. Examples are user
guides, white papers, on-
line help, quick-reference
guides. It is becoming less
common to see paper
(hard-copy)
documentation.

http://www.okclipart.com/Free-Clipart-
Documentation30drqakorx/
 Effect of not complying to the
standards of Business

What affects a business:

Legal Issues

Employee Relations

Company Credibility

Unethical Behavior

https://www.google.com.ph/search?biw=1024&bih=637&tbm=isch&sa=1&q=BUSINESS&oq=BUSINESS&gs_l=psy -
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