NAME: GANAO, FRANCINE SAYRA S.

SECTION: SAINT MATTHEW

ACTIVITY 8
In the previous lesson, you have learned about industry and environmental analysis in particular
SWOT Analysis. As you go through the lesson, I want you to do a word search to check if you
still remember the following terms about socio economic factors affecting the business and
industry.

1. CONSUMER 6. SOCIO ECONOMIC

2. BEHAVIOR 7. INVESTORS
3. SAVINGS 8. SPENDING
4. HOUSEHOLDS 9. INTEREST
5. SUPPLIERS 10. TAXES

R E C D I T I S R O S G N I V A S C E S M C
G N P O M E D S E G A T R O H S S H S E I I
S T N A N K M A C R O E C I N I M H C S X M
K A P L E S C O M M A N D N I M P O R T S O
E D A M C A U I T A L T R T D E O U F L D N
L A B O R M S M A R C I T E V I R S S E R O
G M I C R O E C E N T A X R S C O E I D O C
P I H S R I E N E R P E R E N E C H G S I E
P O S I L I V E E C O N O S I C S O D E V O
N O R P A T I V E E C O N T M I C L P O A I
G D S P E N D I N G E V I T A L E D O O H C
A U S O L U T E S S R O T S E V N I N E E O
S P S U P P L I E R S C O S T R A H I N B S

Activity 8.1 Below are logos of companies that are well known in the Philippines. I want you to choose
two (2) companies of your preference and answer the question: As a consumer, what are the different
factors that will make you buy their products or services? Write your answer in a separate sheet of paper.
10 PT. RUBRIC 10 points- comprehensive and analytical 8-9 points- well written and some includes
analysis; 5-7 points-well written but lacks analysis; 2-4 points- weak essay; 1 point Poorly written and
lack strength
I’ll choose Jollibee and Chowking. As a consumer, I will always buy things that can satisfy me as well as
that can save money. These two fast-food chains serve good food and are affordable that will make
consumers buy their products, especially since it’s convenient to go to since there are many structures
built around the world. Aside from that, they don’t have one single product to serve, and there is a lot to
choose from. It also has cheap prices but can help your stomach satiated.

Activity 8.2 Fill Me In

Instruction: This activity is called “FILL ME IN”. Your task now is to classify the given
descriptions inside the box to which they necessarily belong. You may indicate your answers by
writing on the space provided.

Income business is socially responsible connects emotionally

Subsidies Taxes excellent service

Environmental friendly Prices of Goods Product Value Taste and Fashion

 CONSUMERS’ BEHAVIOR HOUSEHOLDS SPENDING

Business is socially responsible Subsidies

Product Value SOCIO Taxes

ECONOMIC Taste and Fashion
Connect emotionally
IMPACT ON
Environmental Friendly BUSINESS Income

Excellent Service Prices of Goods

What I Have Learned

Now, after discussing the lesson. I want you to answer the enumeration to test your
understanding about the lesson.
Enumeration. (10 pts./ 2 pts. each) Rubrics: (Focus-1 pt; organization-1pt.)
What are the factors that will lead the household to spend his/her money? Write five (5) factors
and explain each in the space provided below.

Household income- every product or household necessity that is bought always depends on household
income. When the income is high, the more people buy products whether they are necessary or not and if
the income is low, the lesser or cheaper the products that were bought are.
Tastes and Fashion – since times are changing, so are the preferred tastes of people in terms of fashion.
 What I Can Do

In this part of the module, the teacher would like to know how you can apply the lesson in real life
situation.

ESSAY:

If you are a consultant in a business and the owners ask you recommend a supplier. What kind of supplier
will you recommend and why?
- The kind of supplier that will cater to all your needs and be responsible. Since not all people
have that kind of trait, being responsible, someone who’s a responsible supplier should be the one
you’re getting. Those who are willing to compensate you if anything happens to the products or if
there are delays are the kind of suppliers that should be recommended. Especially there are products
that should be put on a lot of effort and care, a responsible supplier is a must. After all, nothing beats
a person who’s responsible and put on the effort in all the things they do than does who are just
simply good at doing their work. In this world full of broken promises and trusts, working with a
responsible person will make you put your trust in them for your products.
10 PTs. RUBRIC
 5 points Comprehensive and analytical

4 points Well written and some includes analysis

Well written but lacks analysis

3 points

Weak essay
2 points

Poorly written and lack strength

1 point

Assessment

Choose the letter of the best answer. Write your answer on a separate sheet of paper.

C 1. When business put an emphasis on the crucial role of emotions on consumers’ behavior expect to
respond positively, then the business _______________________.
a. Change behavior with customer service
b. Encourage customers to look for value
c. Influence consumers emotionally
d. Offer social responsibility
B 2. When business make sure that the products or services their customers are using solve their problems
better than their rivals then the business __________________ .
a. Change behavior with customer service
b. Encourage customers to look for value
c. Influence consumers emotionally
d. Offer social responsibility
C 3. When consumers are likely to buy products and services when business safeguard the environment in
the community.
a. Encourage customers to look for value
b. Influence consumers emotionally
c. Offer social responsibility
d. Change behavior with customer service
D 4. When business treats their customers as VIP’s and gives excellent service then customers can
______________________.
a. Encourage customers to look for value
b. Influence consumers emotionally
c. Offer social responsibility
d. Change behavior with customer service
A 5. After agreeing into a contract with a supplier, this action is important to ensure that they provide
service that was agreed upon.
 a. Monitor the supplier’s performance
b. Follow up order
c. Check price list
d. Request for discounts and allowances
D 6. Which of the following is not a determinant of spending?
a. Expectations c. The Level of Savings
b. Rates of Income Tax d. The Level of Production
B 7. A determinants of spending, where in by altering level of savings will likely arise to higher
_____________.
a. Expectations c. The Level of Savings
b. Interest Rates d. The Level of Production
D 8. The higher tax rate deducted on income will likely affect household ________________.
a. Investing c. Borrowing
b. Producing d. Spending
C 9. Businesses are reliant on this industry to provide materials/services to operate their businesses.
a. Consumer c. Supplier
b. Entrepreneur d. Income
B 10. The business need to influence these individuals or companies to patronize their products.
a. Capital c. Consumers
b. Supplier d. Entrepreneur
D 11. When household shift their spending due to increase in the price of goods then this is a result of
change in __________________.
a. Household income c. taxes and subsidies
b. taste and fashion d. relative price
B 12. When household over spending depends items bought because it’s trendy then this is a result of
change in_______________.
a. Household income c. taxes and subsidies
b. taste and fashion d. relative price
B 13. Individuals or companies that provide materials and tools needed in the operation of the business.
a. Entrepreneur c. Consumer
b. Suppliers d. Investor
A 14. The unemployed cannot afford to buy more goods and services because of _________________.
a. Lower personal income c. High income
b. No income d. Donations
D 15. A rise in spending means ___________________.
a. More income c. Personal wealth
b. Economic growth d. All of the above
 Additional Activities

Directions. Below are some products of the well-known industries in the Philippines and to
assess what you have learned match the materials needed to produce the given products. Draw
a line to match Column A and Column B.

Column A. Column B.
1. Jollibee Chicken Joy A. tea, milk, pearl
2. Goldilocks cake B. chicken, spices
3. Selecta Chocolate Ice Cream C. milk, chocolate, freezer
4. Infinitea Milktea D. banana, tomatoes
5. Del Monte catsup E. flour, eggs, butter