2 His and Pat have been EFFs since EDIE». They met each other and started to become friends back when they were still small—time talents of “ECH.
I. questions ‘2 His and Pat have been EFFs since EDIE». They met each other and started to become friends back when they were still small—time talents of “ECH.” which stands for ECHDsera Production Company. From then on, they kept on receiving projects that gave both His and Fat a fortune. [n 2022. when BEND—19 resu-ictions became more bearable. His and Pat thought of investing their hard-esnleti money in business. Having quite an entrepreneurial mindset, His talked to Pat and proposed to use their money in the gourmet tuyo business. Adamant at convincing Put to join him in his venture, His explained that their gourmet tuyo business is one oi a kind. They will call their product “lflfisFJS’SHhNT They will secure all the licenses and permits necessary to operate their business. His promised that they would even apply [or Philippine Standard Certification Mark to make their gourmet tuyo appealing to the public. Feeling that His had all things mought out. Pat agreed. Elut their business was not as profitable as expected. Hence, theyT needed to think of a strategy to boost their income. Pat then realized why not use their network since they are both influencers with millions oi followers. Pat proposed to sell mcir products by membership; another influencer will sign up for Film]1 5D.DDD.DD and in return. said influeneer will receive FhP 45.flflfl.- worth of HE-lflS-SIMN which hey’she could sell [or Film-5.000. The PhP 5.000.; profit received from said influencer will then be divided to three :3] parts 1 1" part would go the one who encouraged the influencer to sign up as member; the 2″” part would go the business; and the 3′” share would go to the Fat and His in equal shares. Realizing that this might work. His agreed. Later on. they find themselves million peso richer without a sweat. They were able to recruit 100 new member oi" EIS—I-ClS—SHJEN Tribe. Mg: lung 1 : 1What is a Philippine Standard Certification Hark? How can a business acquire the right to use it?ll And what value does it bring to the business or product? [iii points} flglflon lumber I : What is Chain Distribution Plan? Is it legal in the Philippines? [5 points] W Did His and Pat engage in a pyramid sales scheme? Defend your answer. [iii]I points]
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