Home Ecenomics and Livelihood Education 6 | 4th Edition Unit 2 Chapter 1 Lesson 4

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12 Terms

1
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Price

Must reflect quality, seasonality and market demand.

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Location

affects visibility, accessibility, and customer reach.

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Consumption Period

Refers to how long the product stays fresh or viable.

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Record keeping

Is the organize the process of documenting all activities.

5
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Cash record

Tracks all of money coming in and out of the farm.

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Farm sales record

Documents all sales transactions.

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Production record

Tracks the growing process from planting to harvest.

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Net income

Total sales subtracted by all expenses.

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Wholesale marketing

Includes direct sales to retailers and brokers restaurants and other processing companies.

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Market selling

Selling directly to customers at physical locations.

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Online marketing

Promoting and selling products through digital platforms.

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Print marketing

Using physical materials like flyers, posters, and brochures to promote products.