Republic of the Philippines

DEPARTMENT OF EDUCATION
Region I
San Fernando City
La Union
BURGOS DISTRICT

ACTIVITY SHEETS IN TLE-EPP 6

Most Essential Learning Competencies: Produces simple products.

 K to 12 BEC C G: TLEIE6- 0a-2

Objectives:
1. Identify the characteristics and values of a successful
and ideal entrepreneur.
2. Identify the different types of entrepreneur.
3. Identify the sellers and buyers.
4. Produce simple products to sell.

Prepared by:

HERMIELYN S. COMPALA
Teacher III
Name: _____________________________________ Date: ________________

Grade: _____________________________________

THE IDEAL ENTREPRENEUR

Most Essential Learning Competencies: Produces simple products.

 K to 12 BEC C G: TLEIE6- 0a-2

I. Background Information

Learn early about business so you can become a good entrepreneur. In this lesson,
you will start by identifying the different types of entrepreneurs, qualities of an ideal
entrepreneur, who the sellers and buyers are, and how you as a beginning entrepreneur
can buy and sell products. You will also learn to be creative and innovative by coming up
with simple products which you can sell later.

Words for study

Study the meaning of each word below.

1. Entrepreneur – a person who starts a business and is willing to risk loss in

order to make money .
2. Products – goods or merchandise produced or manufactured
3. Services – that which is performed by one in accordance to his profession,
specialization, or expertise
4. Profit – income earned from a business
5. Demand – that which is needed by a target group of consumers

6. Marketing transaction – an exchange deal between two persons such as a

buyer and a seller
7. Manufacturers – are those who convert raw materials into finished products
 QUALITIES OF AN IDEAL ENTREPRENEUR

Here are some of the qualities of an entrepreneur mentioned in The

Entrepreneur’s Handbook by CIDA-Pearl and PHILSMED.

 Industrious - Displays hard work and perseverance in the face of challenges;

utilizes skills to diligently carry out tasks or make goods
 Innovative - Has the ability to envision future needs or demands and create
new opportunities, products, and services to meet these demands
 Honest - Does not engage in deceptive or fraudulent acts; displays sincerity
at all times
 Persistent - Does not easily give up or let go
 Caring - Understands the feelings; concerns; and needs not only of his or her
customers but also his or her workers.
 Helpful - Is always available to provide assistance
 Faith in goodness and righteousness
- Conducts business fairly and cultivates a culture of righteousness
 Organized yet flexible
- Is able to adapt to any change yet remain logical and organized
 Confident - Feels or shows certainty, as of success
 Strategist - Is a careful planner; sets long-term goals and plans and executes a
well- thought of strategy in order to achieve them
 Proactive - Acts immediately on new ideas, insights, and opportunities;
always in step with changes in one’s environment and applying them to
one’s business; does not engage in procrastination and other
unproductive work habits
 Prudent - Is never wasteful and always ensures that all resources are
used wisely and every bit of raw material does not go to waste
 Determined - Is a go-getter and an achiever; acting on a dream, vision, and
plan, no matter how hard it may seem at first
 Knowledgeable - Is well-trained and possesses information and understanding
 of concepts necessary to run a business venture

 High quality philosophy - Strives for excellence and perfection to exceed customer
satisfaction
 Risk-taker - Takes calculated risks and knows how to match opportunities
with market realities; takes on risks anticipating business
profitability and chances of success

TYPES OF ENTREPRENEUR

There are different types of entrepreneurs. According to Christine Miller in The

Resourceful Entrepreneur, they can be categorized into four general types .

1. The Social Entrepreneur

This type of entrepreneur offers products and services with the overall
intention of creating social good. The profit is often reinvested into the business venture
rather than being distributed to the shareholders.

2. The Serial Entrepreneur

This type of entrepreneur sets up businesses and brings them to a stage of

development from where they can move on to the next project either by selling or handing
over the business to a successor or group of successors while retaining some degree of
investment.

3. The Lifestyle Entrepreneur

This type would choose a business that would reflect their passion. Focus is on
doing something one loves rather than pursuing profit. The business venture often springs
from a hobby, favorite sport, or family activity.

4. The Solopreneur
This type operates alone and manages all aspects of the business. Today, this is
made possible with the use of ICT tools which make multitasking easier.
 Identifying the Buyer and the Seller

When planning a business, a lot of important things must be considered. You have to
make a lot of decisions as a seller. Remember, you have to know and choose the right type
of business, the right product, or the right services and prepare for the needs of the
business.

First, you will find out the meaning of the terms BUYERS and SELLERS to help you
identify clearly their roles as entrepreneurs.

Buyers are:

 Person who buys the goods or services from the seller.

 He/she is the consumer who makes use of the goods to meet his/her needs or wants
and those of his/her family.
 Persons or organizations that purchase materials from suppliers for products or
services. Manufacturers who purchase raw materials needed for production.
 Persons or organizations who agree to purchase the finished products or services
presented with the prescribed or correct features.

Here are some considerations that buyers are after when purchasing goods,
products, and services:

1. To obtain quality goods at the lowest and reasonable costs.

2. To research, write request for bids, propose or quote for products and services.
3. To evaluate information received.
4. To purchase on agreed amount of goods for a certain period of time.
5. To pay the agreed price on what had been purchased.

Sellers are:

 Persons or group of persons who transfer goods and services to the buyers in
exchange for money.
  Persons who offer things to buyers in return of something which most of the time is
money.
 Vendors, creditors, dealers, merchants, and suppliers who dispose things in return
for money.

Below are the duties of a Seller:

1. Make business fairly with buyers.

2. Deliver on time, with proper care, and place of delivery.
3. Provide a warranty for the product sold to the buyer.

Sellers also have set of rights. These are the following:

1. Receive the right payment for the amount agreed upon for the item sold.
2. Be able to collect for securing against loss or damage of goods bought by the
buyer.
3. Get back the goods when the buyer fails to pay.

The Seller as Buyer

A seller is also a buyer because he/she needs to buy the goods or products he/she
will sell. He/she buys these goods either from the manufacturer or the producer of the
goods, or from wholesales or middlemen.

Planning and Producing Simple Products to Sell

Are you creative, inventive, and resourceful? Are you observant of the people and
things around you and find ways and means of converting some of the things you see into
marketable items and products? If for instance, you see a pile of old magazines and
newspapers in your garage, what can you do with this to make it marketable? Or you hear
your classmates complaining about the lack of snacks being sold in the canteen. What
simple snack products can you make or buy that you think they will like?
 Find out what simple products you can sell to create your own simple business. After
all, big businesses start from small ones!

Young boys and girls like you can be potential entrepreneurs. Use your creativity and
resourcefulness, as well as your skill, to create simple products to sell. To ensure that your
products will be sold, you need to make a simple survey, whether in your school or in your
neighborhood to identify what potential customers need. A simple survey can be an
interview with some classmates in your school if you intend to sell in school or residents in
the neighborhood. Then look around you to find out if what they need is already available in
the neighborhood or in the school. If it is not yet available or if it is available but it is not
enough to meet the demand, then make a decision on whether to create the product
needed, and what product it would be.

Here are some simple products that you can produce and sell in school and in the
neighborhood.

RECIPES:

TURON

I. Ingredients
6 pcs. saba banana 12 pcs lumpia wrapper
12 pods langka, shredded ½ cup toasted ground peanut

II. Procedure
1. Peel and slice banana lengthwise.
2. Place on lumpia wrapper with one teaspoon of shredded langka, and
then sprinkle with chopped nuts.
3. Wrap and deep fry.
 POLVORON

I. Ingredients
2 cups all-purpose flour 1 cup sugar
1 cup powdered full cream milk 1 cup butter/ margarine
Lemon or vanilla flavoring (optional)
III. Procedure
1. Toast flour in a pan until light brown in color.
2. In a bowl, sift together toasted flour, powdered milk, and sugar.
3. Add butter / margarine on the flour mixture, and mix until butter or
margarine is well distributed.
4. Mold mixture using polvoron molder.
5. Wrap in Japanese paper or cellophane.

For variations: Add chopped peanuts, cashew, or toasted pinipig.

QUICK PUTO

I. Ingredients
1 tbsp. margarine 2 eggs
1 ½ cups hotcake mix 1 tbsp. vanilla
½ cup water

II. Procedure
1. Cream margarines. Add hotcake mix, water, vanilla, and eggs.
Blend to a smooth batter.
2. Spoon into greased muffin cups. Fill in with meat mixture or top with
cheese and salted eggs.
3. Steam for 15 minutes.

Filling: Saute garlic, onion, ground meat, soy sauce, carrot, peas, and
raisins.
ARTS AND CRAFTS:
Name: _____________________________________ Date: ________________

Grade: _____________________________________ Score: _______________

I. Directions: Write Agree on the line if the statement is correct and Disagree if the
statement is incorrect.

_______________ 1. Sellers should make business fairly with buyers.

_______________ 2. To provide warranty to buyers is a duty of the sellers.
_______________ 3. Buyers obtain goods at the lowest and reasonable costs.
_______________ 4. Sellers should not provide warranty for the products that they sell.
_______________ 5. Sellers has the right to get back the goods when the buyer fails to
pay.
_______________ 6. Buyers are persons who agree to purchase finished products or
services.
_______________ 7. Sellers are persons who transfer goods and provide services in
exchange for money.
_______________ 8. A seller is also a buyer because he/she needs to buy the goods or
products he/she will sell.
_______________ 9. An entrepreneur is a person who starts a business and is willing to
risk loss in order to make money.
_______________ 10. An ideal entrepreneur desires to establish business that will be able
to produce new and simple products.
Name: _____________________________________ Date: ________________

Grade: _____________________________________ Score: _______________

II. Read and understand each statement or question carefully. Encircle the letter of
the correct answer.

1. The quality of the entrepreneur that shows the ability to envision future needs and
demands and create products to meet these demands.
A. industrious C. risk-taker
B. innovative D. strategist

2. The quality of the entrepreneur that shows his or her extensive training and
understanding of business concepts and principles.
A. knowledgeable C. proactive
B. persistent D. prudent

3. The quality of the entrepreneur that shows certainty, as of success.

A. confident C. risk-taker
B. innovative D. strategist

4. The person who meets the needs of other people in terms of products and services.
A. buyer C. entrepreneur
B. economist D. evaluator

5. This type of entrepreneur operates alone and manages all aspects of the business.
A. The Solopreneur C. The Social Entrepreneur
B. The Serial Entrepreneur D. The Lifestyle Entrepreneur

6. This type of entrepreneur offers products and services with the overall intention of
creating social good. The profit is often reinvested into the business venture rather than
 being distributed to the shareholders.
A. The Solopreneur C. The Social Entrepreneur
B. The Serial Entrepreneur D. The Lifestyle Entrepreneur
7. Which of the following is considered as consumer or end user of the product?
A. Buyer B. Manufacturer C. Producer D. Seller

8. Burgos, La Union is known to be a great producer of soft brooms. If you are in a buy and
sell business, what product will you buy from this town?
A. baskets B. soft brooms C. sweet mangoes D. banana chips

9. Which of the following is considered a simple product?

A. Robot Toy C. Flowers out of plastic bottles
B. Portable electric fan D. Remote controlled toy car

10. A simple product that can be produced from fish ___________.

A. Fish jam B. Pickles C. Dried fish D. Canned fish
Name: _____________________________________ Date: ________________

Grade: _____________________________________ Score: _______________

III. Match Column A with Column B. Write the letter of the correct answer on the
blank before each number.

________1. Goods A. a business deal between a seller and a buyer

________ 2. Buyer
________ 3. Seller
________ 4. Services
________ 5. Persistent
________ 6. Profit
________ 7. Helpful
________ 8. Manufacturer
________ 9. Marketing transaction
________ 10. High quality philosophy
B. money earned from a sale
C. one who converts raw materials into finished
products
D. Strives for excellence and perfection to exceed
customer satisfaction
E. always available to provide assistance
F. also called products or merchandise
G. Also known as vendor
H. one who buys goods in exchange for a sum of
money
I. Does not easily give up or let go
J. Work done using a skill or expertise
Name: _____________________________________ Date: ________________

Grade: _____________________________________ Score: _______________

IV. Fill in the blanks with the correct word or words to complete the sentence.
Choose your answer from the box below.

Boys and girls like you can be entrepreneurs by using your _1._________________,
_2.___________________, _3__________________, to ensure that your products
will be sold, you need to make a 4.___________________ in your school or in your
neighborhood to find out the _5. ________________ of your potential customers. You
can _6.___________________your schoolmates or neighbors to find out what goods or
products are in _7.___________________. Once you have identified the needs/demands in
your school or neighborhood, you can now plan on what product to produce and sell. You
need to plan on your _8.___________________, _9.___________________, and
_10.___________________ needed.

materials creativity interview

tools innovativeness needs

resourcefulness survey demand

budget
References:

Leonora David-Basbas. © 2017.LEARNING AND LIVING IN THE 21st

CENTURY. Sampaloc, Manila: Rex Book Store,Inc.

Josephine C. Bernardino, et. Al. © 2016. HOME ECONOMICS AND LIVELIHOOD

EDUCATION. Quezon Ave., Quezon City: Phoenix Publishing House Inc.

Gloria A. Peralta, et. Al. LIFE SKILLS THROUGH TLE

 ANSWER KEY
(For Teacher’s Use Only)

Activity 1 Activity 2 Activity 3 Activity 4

1. Agree 1. B 1. F 1. creativity
2. Agree
2. A 2. H 2. resourcefulness
3. Agree
3. A 3. G 3. innovativeness
4. Disagree
5. Agree 4. C 4. J 4. survey
6. Agree 5. A 5. I 5. needs
7. Agree
6. C 6. B 6. interview
8. Agree
7. A 7. E 7. demand
9. Agree
10. Agree 8. B 8. C 8. budget

9. C 9. A 9. materials

10. C 10.D 10. tools

Note: answers for

1-3 and 8-10 are
in any order