entrepreneurship

1. PURCHASING OF GOODS AND
SERVICES FROM THE LOCAL
SOURCES & BENEFITS OF
PATRONIZING LOCAL PRODUCTS

2. WORDS TO
STUDY

3. SOURCING
is a complete process of obtaining goods and
services from preparation and processing of
a requisition to receipt and approval of the
invoice for payment

4. SERVICES
are intangible products that are not goods
(tangible products), such as accounting,
banking, cleaning, consultancy, education,
insurance, know how, medical treatment,
transportation.

5. STOCKPILE
is a comparatively large stock of essential
goods built up to withstand long holdups or
scarcity due to natural calamities, strikes, or
war.

6. INVENTORY
is an itemized catalog or list of tangible
goods or property, or the intangible
attributes or qualities.

7. As an entrepreneur, you must realize that
there are products grown like the fruits,
plants, vegetables and other natural
resources.

8. Other products made and manufactured
according to the needs and wants of the
target market or customers.

9. services are also made and
created according to the felt need of the
community.

10. •What are the factors
considered when
purchasing goods and
services from the local
sources?

11. •Why does skillful,
careful and wise
purchasing is an
important part of the
business?

12. •As a young
entrepreneur,
how can you
identify a reliable
local producers?

13. Factors do you consider when
purchasing goods and services from the
local sources
Whether you sell PRODUCTS or sell
SERVICES as part of your business:
skillful,
careful
wise
purchasing is an important part of our
business.

14. Important Points to Consider When
Purchasing Goods and Services:
Study the profile of the local producers

15. Important Points to Consider When
Purchasing Goods and Services:
- research on the daily average
consumption of the customers

16. Important Points to Consider When
Purchasing Goods and Services:
know your customers

17. Important Points to Consider When
Purchasing Goods and Services:
find out the right place to buy

18. Important Points to Consider When
Purchasing Goods and Services:
determine how much to procure

19. Important Points to Consider When
Purchasing Goods and Services:
check the track record of each supplier

20. Important Points to Consider When
Purchasing Goods and Services:
ensure the sustainability of the items

21. LET US REMEMBER
In the purchasing activity of the business, the
supply of goods and services are vital factors to
consider.
Supply is the amount of something the
customers can avail from the producers who
make or grow goods and services.

22. Service is more delicate
to manage because it is a work that someone
must provide to others with
satisfaction.

23. Why do you prefer to purchase from local
sources?

24. Purchasing local
goods and services are patronizing our
own products

25. Benefits of
Patronizing Own
Products

26. Benefits of Patronizing Own
Products
it stops the value
of colonial
mentality not only
among young
children

27. Benefits of Patronizing Own
Products
it gives additional
income to the
government through
tax collection;

28. Benefits of Patronizing Own
Products
it maximizes the
use of our natural
resources from raw
materials to the
finished products;

29. Benefits of Patronizing Own
Products
it develops the
skills of the Filipino
people making them
more innovative,
creative and
productive;

30. Benefits of Patronizing Own
Products
it gives affordable
price for seasonal
and quality
products, fruits and
vegetables

31. QUIZ TIME

33. Group Task

34. ACTIVITY
•Each group will think of a scenario wherein you can
show the benefits of purchasing local goods and
services through Role-Playing.

35. •READY NA MO
MAMINAW?

36. TASKS:
• Group 1: it stops the value of colonial mentality not only among young children;
• Group 2: it gives additional income to the government through tax collection;
• Group 3: it maximizes the use of our natural resources from raw materials to the
finished products;
• Group 4: it develops the skills of the Filipino people making them more innovative,
creative and productive; and
• Group 5: it gives affordable price for seasonal and quality products, fruits and
vegetables.

37. criteria
• The groups will be rated according to the criteria below:
• Content: 10%
• Presentation: 10%
• Creativity: 10%
• Mastery: 10%
• Unity: 10%
• Total: 50%

38. PURCHASING ACTIVITIES

41. An entrepreneur is an individual or a person
who initiates a new firm and experiences
most of the risks while reaping the
majority of the benefits. There are various
approaches for a young entrepreneur
to conduct responsible purchasing
operations.

42. young entrepreneurs must
maintain connection with their
resource suppliers and business
associates.

43. The principles for the connection entrepreneurs
aims to have with their suppliers or business
associates: treating suppliers with fairness,
impartiality, and transparency,
establishing a contractual framework,
keeping confidentiality

44. ESSAY

45. ESSAY
As a young entrepreneur, how
can you show the responsible
ways of purchasing activities
on any possible situations you
may consider?