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Understanding Buying and Selling Processes

Entrepreneurship involves discovering new resource combinations that generate higher market value, leading to profit. The document discusses the concepts of buying and selling products based on needs, outlining the buying and selling processes. It emphasizes the importance of understanding these processes for effective product promotion and profit maximization.

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markjoven.canillada
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14 views21 pages

Understanding Buying and Selling Processes

Entrepreneurship involves discovering new resource combinations that generate higher market value, leading to profit. The document discusses the concepts of buying and selling products based on needs, outlining the buying and selling processes. It emphasizes the importance of understanding these processes for effective product promotion and profit maximization.

Uploaded by

markjoven.canillada
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Entrepreneurship is the process of

discovering new ways of combining


resources. When the market value
generated by this new combination of
resources is greater than the market value
these resources can generate elsewhere
individually or in some other combination,
the entrepreneur makes a profit.
What can you say about the picture?
Out of the picture, what product can we produce/make?

Buko
juice
What can you say about the picture?
Out of the picture, what product can we produce/make?

Guava
jam
Buying and Selling
Products Based on
Needs
BUYING- means to acquire product by paying
or promising to pay an equivalent , especially
in money.
Selling- is any transaction in which money is
exchanged for goods or services.
Needs- are the basic necessities of people.

[Link]
[Link]
[Link]
[Link]
[Link] CARE
FOOD
CLOTHING
SHELTER
EDUCATION
HEALTH CARE
Product- is something that manufactured
following a process, or grown or nurtured in
order to be sold for a profit.
Buying and Selling for profit is nothing new. Its
also plays an important role in the field of
business. Many entrepreneurs depend on other
suppliers for product display and selling
purposes. To effectively promote the product,
see to it that you must understand the buying
process.
STEPS OF BUYING PROCESS

[Link] of needs and wants


[Link] search
[Link] of choice
[Link] decision
[Link] purchase evaluation
STEPS OF SELLING PROCESS

[Link] and Qualifying


[Link]- Approach
[Link]
[Link]
[Link] handling
[Link]
[Link]- up
THINK OF THIS!!!

When buying and selling product you must


remember the processes in buying and selling
in order to promote the patronage of the
product and better profit.
Direction: Encircle the letter of the correct answer.
1. Means to acquire product by paying an equivalent money.
a. Selling
b. Buying
c. Needs
d. Products
2. This is called as any transaction in which money is exchanged for good or services.
e. Selling
f. Buying
g. Needs
h. Products
3. These are the basic necessities of people such as food, clothing and shelter.
i. Selling
j. Buying
k. Needs
l. Products
4. Is something that is manufactured in order to be sold for a profit.
m. Selling
n. Buying
o. Needs
p. Products
5. You are living in the highland, what possible products do you buy and sale?
q. Cars

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