Final G7 8th Week
Final G7 8th Week
TLE-AFA-AGRI CROP
PRODUCTION
Quarter 1 – Module 8:
Market and Environment
Technology and Livelihood Education– Grade 7
Alternative Delivery Mode
Quarter 1 – Module 8: Market and Environment
First Edition, 2020
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TLE-AFA-AGRI CROP
PRODUCTION
Quarter 1 – Module 8:
Market and Environment
What I Need to Know
Content Standard
The learner demonstrates an understanding of the market and environment
of agricultural crop production in a community.
Performance Standard
The learner independently identifies the business market, forms of business,
production, business location, registration of business, and record-keeping within
the market.
Learning Competency
Recognize, get involve and understand the market and environment for
agricultural crop production.
Learning Objectives
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What I Know
Direction: Choose the letter of the correct answer. Do not write your answer to this
manual.
Note: If you get 100% correct in this pre-assessment, skip the lesson but if
not and only get 50% to 99% correct, then proceed with the lesson.
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Lesson
What’s In
What’s New
Direction: Submit a picture of a famous product that has been used
for decades and until now is still used in the market because of its availability,
demand, and effectivity.
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What is It
The needs and demands of people depend on the class of people involved. A class of
people is called market segments. These may be:
• High-end segments-- consist of luxury consumers that can pay at a high amount
because they are aiming for quality services or products.
• Middle-end segments-- this is commonly referred to as the middle class since these
people can spend for items that are higher quality than value brands but can be
purchased at a low cost
• Low-end market segments--involves lower-priced products suitable for consumers
who do not want to spend a big amount of money
Each has different needs for various products and services.
A wise entrepreneur should always check what is being wanted and in-demand
products or services in the market. Being vigilant is one of the secrets for successful
entrepreneurs to make their business work sustainably. A businessman must be skillful enough
to address the needs and demands of the market and unknowingly, you will harvest the wealth
you worked hard for. Need or demand-based businesses will always have a big role in the
market.
3
THE LEGAL FORMS OF BUSINESS
The following are three (3) legal forms of business and their characteristics, advantages, and
disadvantages:
Forms Characteristics Advantages Disadvantages
Sole Proprietorship • Owned by only 1 person • Very easy to • The owner-manager
who is responsible for the establish is required to render
whole business • Decision comes full operation time.
• The owner can assume from 1 person • No one else can share
the role of manager, only in the financial
finance officer and burden of the owner
worker • In case of financial
instability, the firm
can dissolve easily
Partnership • 2 persons have combined • Comparatively • Decision making is
resources and skills easy to establish shared between the
• Any of the 2 can act as • There is check two owners
financier or manager and balance • In times of partner
• They can also share among partners conflict, the business
responsibilities and roles is at risk
in business operations • Limited funding may
constraint business
operations
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THE 4 FACTORS OF PRODUCTION
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FACTORS IN SELECTING THE BEST BUSINESS LOCATION
Registration of a new business for legalities is a must so that you won’t deal with
legislative problems in the future. Before you let your well-planned business rocks the market
the following official processes must be undertaken:
a. Register your official business name in the Department of Trade and Industry (DTI).
b. Apply for a Mayor’s Permit to operate the business and the Municipal Business License of the
business.
c. Register your business at the Securities and Exchange Commission (SEC). The Articles of
Incorporation and By-Laws are required for all corporations and partnership.
d. Register your business in the Bureau of Internal Revenue where upon your business will be
assigned a Tax Identification Number (TIN).
e. Register your employees with the PhilHealth, PAG-IBIG, and Social Security System (SSS).
Registration in other agencies that provide welfare and other insurance benefits must also be
consulted and legally followed.
Record keeping revolves around the history of your business activities, financial
dealings by entering the accurate data in notebooks, ledgers, journals, or keeping documents in
files. As an entrepreneur, you must be well-informed on the production activities of your
business. Proficiently knowing what your manpower is doing may result in better productivity
and efficiency. The practice of record-keeping covers the development of your business and
carefully tracks the profit and losses.
Secure supporting documents, namely, sales slips, paid bills, invoices, receipts, deposit
slips, checks issued and canceled. Payrolls must also be kept. Generally, the benefits of recording
system and good records kept are the following:
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b. Information needed to make decisions is provided and accessible.
c. Information needed to take a bank financing package is available.
d. References for budgeting are at hand.
e. Easy preparation of income tax return.
f. Easy computation of sales taxes.
g. Profit distribution is facilitated by organized record keeping.
What’s More
Activity 1
Direction: Match Column A with the definitions in Column B. Write only the
letter of the best answer.
Column A Column B
_____ 1. Machines A. 2 or more persons own the business
Activity 2
_________1. A wise entrepreneur should always check what is being wanted and in
demand products or services in the market.
_________2. A businessman must be skillful to address the needs and demands of
the market.
_________3. There are five (5) legal forms of business.
_________4. Workers are factor of production of a business.
_________5. Business registration isn’t necessary in putting up a business.
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What I Have Learned
__________________________________________________________________________
__________________________________________________________________________
I will ______________________________________________________________________
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What I Can Do
Businesses are one of the solid foundations in our communities. It sells goods and
services that enhance everyone's life and strengthen communities. Color and
illustrate your business in a short-sized bond paper. Answer the following
questions as you plan out your future business.
1. Name of Owner:
__________________________________________________________________________________
2. Name of Business:
__________________________________________________________________________________
3. Sell/Produce:
__________________________________________________________________________________
4. Your market segments:
__________________________________________________________________________________
5. Define the legal form of business:
__________________________________________________________________________________
6. Production Needed:
__________________________________________________________________________________
7. Business location:
__________________________________________________________________________________
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8. How was your business registered? Please indicate the steps.
__________________________________________________________________________________
__________________________________________________________________________________
9. How will you keep your business going or your products and services in demand
to the market?
__________________________________________________________________________________
__________________________________________________________________________________
10. What are your actions for record keeping?
__________________________________________________________________________________
__________________________________________________________________________________
Assessment
Direction: Study your community and decide the nearest business you can join or
be of help for assistance and observation. This could be done for one day. The
business could be small or big (you can also create a small business on your own
depending on your capacity**not required). Examples of business you can join
could be a small karinderya, sari-sari store, street barbecue, or grilled banana
stalls. Once your task is completed, answer the following:
(Please refer to the table below).
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_____________________________________
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Please refer to the rubrics below:
Scoring Rubrics for the Assessment (Performance-based)
Criteria Score
20 15 10
Accuracy of Data Data are gathered Data are gathered Some data aren’t
Gathered and answers to but some questions gathered, answers
questions asked are aren’t answered are mostly incorrect
correct. correctly or and incomplete.
incomplete.
Innovative ideas for New ideas for Old practices are Ideas are identified
Improvements improvement are identified and but not suggested to
identified, developed then the business’ owner.
suggested, and suggested to the
agreed by the business owner.
business owner.
Timeliness Task is done at the Task is half done at Task isn’t done at
set time. the set time. the set time.
Total 60
Additional Activities
If someday your desired business is achieved, what could be the chosen feature of
your own business? Explain. (10 points)
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What’s More
Activity 1
Pre-Test
1. C
2. D 1. C
3. B 2. D
4. A 3. C
5. E 4. D
Activity 2 5. D
1. T
2. T
3. F
4. T
5. F
Answer Key
References
https://images.app.goo.gl/tpRCFX9TAtESMtiA7
https://images.app.goo.gl/KVNSh7ZRRnj8JNFp9
https://images.app.goo.gl/YvqYWMGFMFn2CmdD8
http://www.businessdictionary.com
https://images.app.goo.gl/BtNNiqUVtgW9qAsS6
https://images.app.goo.gl/qaHYWdtqBRnYkdmA6
https://images.app.goo.gl/PUrJzk4YNNJ3phGf6
https://images.app.goo.gl/sWEkFq696vUvLt8F6
https://images.app.goo.gl/Sy6agDGSqdMqRfADA
www.wikipedia.com
Albarico J.M., Celarta C.B, Fernando E., and Valdez E.S. 2011. Agriculture and
Fishery Arts I. United Eferza Academic Publications, Co., Bagong Pook, Lipa City,
Batangas 4217.
Nazareno, Jesus B., MDM and Sajorda, Rodolfo C., 2013. Technology Livelihood
Education-Grade 9, Agricultural Crop Production Learner’s Material. First Edition
2013. 2nd FloorDorm G, Philsports Complex, Meralco Avenue, Pasig City,
Philippines 1600
Merriam Dictionary
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