Cainta Catholic College

A Bonifacio Ave., Cainta, Rizal

DAILY LEARNING ACTIVITY SHEET

Name: Kyle Edrian D. Bandola Score: _________________________________

Year & Section: 12 ICT Our Lady of Pillar Day & Date Accomplished: 12/14/21
Subject: Entrepreneur Parent/Guardian Signature: ______________
_____________________________________________________________________________________
Activity Title: The Possible Product/s or Service/s that will meet the Market Need
Learning Target: Determine the possible product/s or service/s that will meet the market
need

A. DIRECTIONS: Give the meaning of the following word/phrase in each item.

You may use the internet to help you define the given word/phrase. Write your
answer in the space provided.

 Consumption – Consumption, in economics, the use of goods and services by

households. Consumption is distinct from consumption expenditure, which is the
purchase of goods and services for use by households.

 Acquisition – An acquisition is when one company purchases most or all of another

company's shares to gain control of that company. Purchasing more than 50% of a target
firm's stock and other assets allows the acquirer to make decisions about the newly
acquired assets without the approval of the company’s other shareholders. Acquisitions,
which are very common in business, may occur with the target company's approval, or
despite its disapproval. With approval, there is often a no-shop clause during the process.

 Customer loyalty – Customer loyalty describes an ongoing emotional relationship

between you and your customer, manifesting itself by how willing a customer is to
engage with and repeatedly purchase from you versus your competitors. Loyalty is the
byproduct of a customer's positive experience with you and works to create trust.

 Customer satisfaction – Customer satisfaction refers to how well you, as a product or

service provider, fulfil the needs and expectations of your customers. This applies to any
interactions before and after the sale as well as during it.

 Customer service – Customer service means going above and beyond to keep the
customer happy, whether that means answering any questions they have or resolving
issues with a positive attitude. Customer satisfaction is the top priority, and hopefully
creating loyal, returning customers.
  Customer feedback – Customer feedback is the information, insights, issues, and input
shared by your community about their experiences with your company, product, or
services. This feedback guides improvements of the customer experience and can
empower positive change in any business — even (and especially) when it’s negative

 Stakeholders – What Is a Stakeholder? A stakeholder is a party that has an interest in a

company and can either affect or be affected by the business. The primary stakeholders in
a typical corporation are its investors, employees, customers, and suppliers.

 Expenditures – An expenditure represents a payment with either cash or credit to

purchase goods or services. An expenditure is recorded at a single point in time (the time
of purchase), compared to an expense that is recorded in a period where it has been used
up or expired. This guide will review the different types of expenditures used in
accounting and finance.

 Tangible - capable of being perceived especially by the sense of touch

 Intangible – unable to be touched or grasped; not having physical presence

B. Directions: Make a chart that will show the difference of product/s and service/s

Criteria:
Content 7
Organization 5
Cleanliness 3
Total 15