REPUBLIC OF THE PHILIPPINES

EASTERN VISAYAS STATE UNIVERSITY

ORMOC CAMPUS
ORMOC CITY

NAME: Butad,Rhena Christine M. DATE: 01/31/17

YEAR &SEC.: BSED-TLE 2B INSTRUCTOR: Ms. Lyra Rodriguez
ASSIGNMENT # 6
1. What is an adequate return?
Is judged by comparison with the alternative investment options
open.
2. What are the balance classification? Explain each.
Assets- are things that the company owns. They are the resources of the
company that have been acquired through transactions, and have future
economic value that can be measured and expressed in dollars. Assets
also include costs paid in advance that have not yet expired, such as
prepaid advertising, prepaid insurance, prepaid legal fees, and prepaid
rent.
Liabilities- are obligations of the company; they are amounts owed to
creditors for a past transaction and they usually have the word payable
in their account title. Along with owners equity, liabilities can be
thought of as a source of the companys assets.
Owners Equityalong with liabilitiescan be thought of as a source of
the companys assets. Owners equity is sometimes referred to as
the book value of the company, because owners equity is equal to the
reported asset amounts minus the reported liability amounts.
 REPUBLIC OF THE PHILIPPINES
EASTERN VISAYAS STATE UNIVERSITY
ORMOC CAMPUS
ORMOC CITY

NAME: Butad,Rhena Christine M. DATE: 01/31/17

YEAR &SEC.: BSED-TLE 2B INSTRUCTOR: Ms. Lyra Rodriguez
ASSIGNMENT # 7
1. What exactly is the social responsibility of the entrepreneur?
The entrepreneur must sell quality products at fair price. He must also
be fair with his suppliers by paying them on time as agreed upon. He
must pay the correct amount of taxes to the government. He must
promote the welfare of his employees. He must observe business ethics
with his fellow businessmen. Equally important is the social
responsibility of the entrepreneur to his community in terms of job
creation and environmental observation.

2. What are the main rights of a consumer?

The right to satisfaction of basic needs-to have access to

basic, essential goods and services: adequate food, clothing, shelter,
healthcare, education and sanitation.
The right to a healthy environment - to live and work in an
environment which is non-threatening to the well-being of present and
future generations.
The right to safety - to be protected against products, production
processes and services that are hazardous to health or life.
The right to be heard - to have consumer interests represented in
the making and execution of government policy, and in the development
of products and services.
The right to redress - to receive a fair settlement of just claims,
including compensation for misrepresentation, shoddy goods or
unsatisfactory services.
The right to be informed - to be given the facts needed to make an
informed choice, and to be protected against dishonest or misleading
advertising and labelling.
 The right to consumer education - to acquire knowledge and skills
needed to make informed, confident choices about goods and services,
while being aware of basic consumer rights and responsibilities and
how to act on them.
The right to choose - to be able to select from a range of products
and services, offered at competitive prices with an assurance of
satisfactory quality.
 REPUBLIC OF THE PHILIPPINES
EASTERN VISAYAS STATE UNIVERSITY
ORMOC CAMPUS
ORMOC CITY

NAME: Butad,Rhena Christine M. DATE: 01/31/17

YEAR &SEC.: BSED-TLE 2B INSTRUCTOR: Ms. Lyra Rodriguez
ASSIGNMENT # 9
1. Describe the evolution if franchising.
The word franchise is derived from the Anglo-French word meaning
liberty. In Middle French, it is franchir to free. In old French, it is
franc, signifying free. The French term francis means granting rights
or power to a pleasant or serf. The "english term enfranchise is
defined as empowering those who have no rights. The term royal
Tithes is the predecessor of royalties, and originated as the practice
of certain "English men preferred to as freemen% receiving a
percentage of the land fees paid by serfs to nobility. Throughout history,
franchising has promoted economic liberation, synergy, and
opportunity, and has been true to its etymological roots freeing
commerce from many of the traditional chains that had bond it.
Naisbitts famous comment in Megatrends is no exaggeration
Franchising is the single most successful marketing concept ever. This
article provides a brief timeline on the seminal developments in
franchising since the Middle Ages, followed by a more detailed
description of the flourishing history of McDonald(s and F , the
historical intersection between franchising and antitrust law, and
finally, brief overview of the regulatory framework that has emerged
over the last thirty-five years.

2. Enumerate and describe the benefits of franchising business scheme.

Franchising requires less capital than other growth methods.
Franchising permits your company to grow with capital invested by individual
franchise owners. For the majority of FranSource clients, the investment
required to franchise their business is recouped through the sale of the first
two to three franchises.
 Market dominance
Multiple locations increase the companys competitive advantage over similar
type businesses.
Franchising puts a ``business owner`` in charge.
Franchising ensures that qualified managers are operating additional
locations rather than employees. A new business demands a great deal of
time, effort and sacrifice. Franchisees are motivated by their ownership of the
business and the capital they have invested.
Franchise locations may operate better and more profitably than
company owned units.
Once again, this is due to the fact that a highly motivated owner is running
the business rather than an employee. With their capital at risk, franchisees
are much more motivated than employees to perform at their highest levels.
Increased name recognition
As additional locations are opened, name recognition increases. In the United
States, customer loyalty towards recognized brands is at an all-time high.
Consumers typically feel more secure frequenting a business they recognize
by name. For the independent business person, it has become difficult to
compete against companies that have significant resources to develop and
promote their brand. Franchising permits an individual to benefit from the
collective power and growth of the franchise network, which in turn leads to
greater name recognition and competitive advantages for each individual
franchisee.
Increased advertising and marketing budget
Franchisees may be required to contribute a percentage of their gross sales
(or a set fee) to an advertising fund administered by the franchisor. This
enables the franchisor to advertise in regional and/or national media for
the benefit of the franchise network.