Statement of Cost of Goods Manufactured For the year ended December Direct Material Used: Raw Materials Purchased P 0.00 Less Raw Materials Used P 0.00 Direct Labor P 0.00 Manufacturing Overhead: Indirect Labor - Bracelet (2pcs) - OPP Plastic w/ Adhesive - Sticker logo P 30.00 (1 pack) (1pcs) Total Manufacturing Cost: Cost of Goods Manufactured: P 75.00 P 5.00 P 125.00 P 125.00 PORTFOLIO IN ENTREPRENEURSHIP ENTREPRENEURSHIP SUBMITTED BY: Fernandez, Charlottemaeanne Lasutan, Kristian Paul Fortuna, Xyra Miles Torino, Roshaine M. Lacerona, Jamaica Villarente, Jenna Samirun, Dana Alkaizar, Yaz Serbella, Aj SUBMITTED TO: James Florence A. Cabral Instructor I. INTRODUCTION Entrepreneurship 1 II. BACKGROUND OF MERCHANDICE History of Bracelet 2 III. EVIDENCE Buying the Product Outcome of the Product 3 3 INTRODUCTION Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit. Entrepreneurs are important to market economies because they can act as the wheels of the economic growth of the country. By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development. 1 BACKROUND OF THE MERCHANDISE Early bracelets it is said that around 7,000 years ago, the wearing of jewellery like bracelet pieces became common in the name of ritual and adornment. Archaeologists in their studies, have found strong evidence that people donned bracelets proudly in ancient Mesopotamia, Egypt and China. The origin of the term 'bracelet' is from the Greek brachile meaning 'of the arm', via the Old French bracel. A bracelet is also a small brace or bracer (an arm-guard used by archers). The history of Egyptian bracelets is as old as 5000 BCE. Starting with materials like bones, stones and woods to serve religious and spiritual interests. A bracelet is an article of jewellery that is worn around the wrist. Bracelets may serve different uses, such as being worn as an ornament. When worn as ornaments, bracelets may have a supportive function to hold other items of decoration. 2 EVIDENCES Buying the Product: Actual Product: 3