ENTREPRENEURSHIP.pptx - ENTREPRENEURSHIP GINA G. BRAGA...

ENTREPRENEURSHIP
GINA G. BRAGA
SUBJECT TEACHER

ENTREPRENEURSHIP
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the activity of setting up
a business or
businesses, taking on
financial risks in the
hope of profit.

AFTER STUDYING THIS MODULE ,THE
STUDENT’S SHOULD BE ABLE TO;
LC :The learner demonstrates understanding of key concepts, underlying principles, and core competencies
in Entrepreneurship
PS: The learner independently creates/provides a quality and marketable product and/or service in
Entrepreneurship as prescribed in the TESDA Training

LETS REVIEW

Profit is the
amount you gain after selling your product. In computing
your profit, you
just simply follow this formula:
Sales - Cost of Goods Sold = Gross Profit

The gross profit represents the difference between net sales and cost of sales.
Variable costs are those things that change based on the amount of product
being made and are incurred as a direct result of producing the product.
Variable costs include:
1. Materials used
2. Direct labor
3. Packaging
4. Freight
5. Plant supervisor salaries
6. Utilities for a plant or a warehouse
7. Depreciation expense on production equipment
8. Machinery