ALEXIS SHANE D.

RECLA SIR ERVIN GARCIA

12 ABM- ENVIRONMENTAL 4TH QUARTER

APPLIED ECONOMICS
Module 1
Principles, Tools and Techniques in Creating a Business

What’s More
Form of Business Ownership
Sole
Partnership Corporation Cooperative
Proprietorship
Business Option The form of
1: To introduce business
a new product ownership that
or service based suits for option
on unmet needs 1 is cooperative
because it
usually deals
with unmet
needs.
Business option
number 2 suits
the Sole
Proprietorship
form of
Business Option
ownership as
2: To select an
the product you
existing
will be selling is
product/ service
already present
from one
in the market
market and
which would
offering it in
mean it would
another market
be easy to
where it may
manage it as
not be available
you can seek
yet
insights and
tips from the
already existing
market.

Business Option Corporation

3: To invest on suits option
tried and tested number 3
formula that because starting
 has worked a franchise
elsewhere such requires a lot of
as a franchise funds and
operation investors or
shareholders
which are both
present in a
corporate form
of ownership.

What I Can Do
1. The business that I want to put up is a restaurant with a 5 different cuisine menu
because it is nice to eat if you have a variety of choices of food and suitable for
everyone's taste. Aside from that, I want to let people taste the cuisine from the
other parts of the world without traveling and spending a lot of money.
2. I am going to enter a partnership because I believe that putting up that kind of
business is hard so it is nice to have someone who will help you start your
business especially when it comes to finances. I have someone who shares the
same idea with me regarding the said business so it is much easier for me to put
up a business if you have someone who shares the same idea or goal.
3. I believe that we will be needing a lot of money when starting this business. A
place where we will be putting our restaurant and equipment are some non-
monetary assets we will be needing. I think that I need some people who know
about my chosen business, chefs and other food experts to be particular.
4. I think my business will be successful because I will be bringing something new
to the market. It is not literally as new but I think it will become successful since
it is rare to see a restaurant with 5 different cuisines. Also, the food that we will
be serving is surely excellent as we will hire chefs who exactly know how to make
food taste 5x better.

Assessment
1. C
2. D
3. C
4. B
5. C
6. D
7. B
8. D
9. B
10. B