Technology and Livelihood Education (TLE 2)

Unit ll. Learning Unit 1 I. Main Topic: Business and Its Nature
ACTIVITY:

A. Identify the following. 1 point each

1. It is related to manufacturing and offering goods for sale or catering services.
2. A kind of utility the goods or services create for the consumer, such as time
utility, place utility, etc.
3. It is the exposure of a company or organization that will lower its profit or lead it
to fail.
4. The amount of funding required for the business.
5. The whole sole purpose is to maximize wealth.
6. Social responsibilities that like creating a job opportunities,dealing with licensed
products or etc.
7. It is the initial motive of of a businessman out of his venture
8. The involvement of two parties the buyer and seller
9. It is an activity which is performed repeatedly to generate profit
10. A kind of utility the goods or services create for the consumer, such as time
utility, place utility, etc.

ANSWERS:
1. Deals in Goods and Services
2. Creates Utility
3. Risk
4. Capital Requirement
5. Economic Activity
6. Social Obligations
7. Profit Earning Motive
8. Involves Buyer and Seller
9. Regular Process
10. Creates Utility

B. Complete the table below. 5 points

TYPES OF BUSINESS EXAMPLES (5 examples each)

 1. Management Consulting
2. Hospitality Industry
SERVICE BUSINESS 3. Financial Services
4. Car Wash
5. Foodservice
1. Dealerships
2. Supermarkets
MERCHANDISING BUSINESS 3. Clothing Stores
4. Window Displays
5. Signage
1. Pharmaceutical Industry
2. Electronics
MANUFACTURING BUSINESS 3. Manufacturer of Commercial
Jetliner
4. Textile
5. Ford Motor Company
1. Microsoft
2. Target
HYBRID BUSINESS 3. Amazon
4. Citigroup
5. Lockheed Martin

Assignment
In a minimum of 5 sentences. Share your points about the impact of business to the
society. This is worth 20 points.

All the businesses whether small or big can make positive impact on the
society. Businesses create job growth and provide with job opportunities—an overall
positive in terms of a healthy and happy society. Businesses also serve as
representatives of their community as they reflect the communities from which they
come. Another thing, businesses likely to contribute to charities, especially local
ones, as business owners tend to also sponsor, organize, and host local events to
maintain a lively society. To be on top of the heap among competitors, businesses
have to be innovative and unique. By this manner, not only does this encourage
more innovation and growth within the society, but it also creates a more diverse
marketplace.