1 - Read the statement carefully and encircle the letter of the correct answer. mothey are normally harvested at sizes of 20-40 cm or about 250-500 g and are marketed mostly fresh or chilled, whole or deboned, frozen, or processed. A. Catfish B. Milkfish C. Grouper D. Mudcrab 2. It can be harvested partially or completely when they reach 20 to 25 cm or 80200 grams after 3-5 months of culture. They are marketed live. A. Catfish B. Milkfish C. Grouper D. Mudcrab 3. What is the total net income of Mang Alfonso's milkfish farming business if he has a total gross sales of P 135,000.00 and total operating expenses of P 95,000.00? A. P 35,000.00 B. P 45,000.00 C. P 40,000.00 D. P 50,000.00 4. Given the Expected Total Production 1,000 kg, and a Farm Gate Price of P80.00/kg, what is the Expected Gross Sales per cycle? A. P 65,000.00 B. P 75,000.00 C. P 70,000.00 D. P 80,000.00 5. Why is it important to keep production records of a business-like fish farming? A. The farmer can identify areas where money can be spent, and profits can be increased. B. The farmer can identify areas where money can be saved, and profits can be decreased. , C. Production records must be kept to analyse if the business operation is gaining and improving its efficiency. D. Production records must be kept to analyse if the business operation is losing and improving its efficiency 6. This is the most commonly used method by fishers and commercial fishing boats. A. Use of Taklob C. Use of baited hook and line B. Use of Net D. Total Drainage 7. It is a marketing strategy which means that the products being offered are unique and offering better incentives to the consumer. A. Creating value C. Knowing the target market B. Careful Study of Competitors D. Product Pricing 8. You are trying to improve on the weaknesses of your competition which can be your effective strategy for driving the sales of business. Which of the following are you doing? A. Creating value C. Knowing the target market D. Product Pricing B. Careful Study of Competitors 9. One way to market your fish products is by selling them directly from your farm. Which way of marketing is this? A. Direct farm sales C. Selling through the internet D. Selling through middlemen B. Farm to market



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