Planning and Preparing a food Business ●Food , either fresh or cooked can be profitable source of income as one of the basic needs for survival, the food industry offers promising business opportunities. How to Start Your Food Business: an 8-step Guide ● Make a solid Business Plan. ... ● Secure your financing. ... ● Choose your location. ... ● Design the layout of your space. ... ● Choose your suppliers. ... ● Get your licences and permits. ... ● Start hiring your employees. ... ● Advertise your business. What are the characteristics of a good quality meat? ●Meat quality is normally defined by the compositional quality (lean to fat ratio) and the palatability factors such as visual appearance, smell, firmness, juiciness, tenderness, and Task in your notebook: ●List down the ( 5 ) characteristics of fresh fish , fresh chicken and fresh fruits.(15pts) PERFORMANCE TASK: Computing Cost and Profit To determine the selling prices of food, consider the following: 1. Make a list of the ingredients needed for the recipe. 2. List the operating expenses and get the total. 3. Determine the allowed number of services from the food prepared. 4. Divide the total cost by the number of servings to get the unit cost per serving. 5. Determine what percentage will be added to the unit cost plus the selling price.The allowed percentage is 1540% of the total cost of the food. Recipe: Arroz Caldo Marketing List: A. Ingredients Cost ½ kg Malagkit Php 17.50 ½ kg. chicken breast 45.00 cooking oil 5.00 garlic green onions kasubha 2.00 TOTAL COST Php 156.00 5.00 2.00 salt .50 pepper 2.00 Php 79.00 B. Operating Expenses labor Php 30.00 Fuel (approx) Transportation 30.00 Php 77.00 II. Number of Servings 20 cups III. Cost per serving Php 156.00/20 cups = 7.8 IV. FOR THE SELLING PRICE, WE CAN ADD 15% TO 40% OF THE COST OF FOOD. 15% of Php 7.8 is Php 1.17 or Php 1.17 (Profit) 40% of Php 7.8 is Php 3.12 or Php 3.12 (Profit) Php 7.8 Php 1.17 Php 8.97 or or 9.00 Php 7.8 3.12 Php 10.92 or 11.00 Therefore , the selling price of the arroz caldo can range from Php 9.00 to Php 10.92