#1.4 : Market Structure and Contemporary Issues Facing the Filipino Entrepreneur Flashcards

1
Q

It is a product that people buy with the hope that it will be beneficial or generate income in the future.

A

Income

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2
Q

2 types of investment and their difference

A

A long-term investment is buying a property or real estate and the profit/benefit generated is slow but high, while, Short-term investment is a generating small profit/benefit but frequent, and its problem is the high opportunity cost.

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3
Q

Difference of stocks and bonds

A

Stock is partial ownership and interest in a corporation, while, Bonds are a form of long-term debt that the corporation promises to pay.

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4
Q

It is the distribution of a corporation’s profit.

A

Dividends

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5
Q

A factor to consider wherein the total fixed costs and total variable costs are.

A

Rentals

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6
Q

Difference of total fixed cost and total variable cost of production

A

Total fixed costs are expenses that are constant, while, total variable costs are expenses that change directly and proportionally.

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7
Q

Increasing cost of living = increasing _________

A

Minimum wage

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8
Q

It is a significant issue facing by the entrepreneurs ; income in government, loss in businesses

A

Taxes

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9
Q

Business tax are paid _____.

A

monthly

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10
Q

Income tax are paid ______.

A

quarterly

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11
Q

These are different compositions of sellers and distinguishing quality of goods.

A

Market Structures

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12
Q

Pure Competition’s seller, product, entry of new firm, example, and common problem

A
Seller: many (price-takers)
Product: homogenous/similar
Entry of new firm: free
Example: sugar
Common problem: how to survive and get a fair market share
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13
Q

Monopoly’s seller, product, entry of new firm, example, and common problem

A

Seller: one (price-taker)
Product: one, with little to no substitute
Entry of new firm: no
Example: telecom
Common problem: improvement of product/service

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14
Q

Oligopoly’s seller, product, entry of new firm, example, and common problem

A
Seller: few
Product: differentiated
Entry of new firm: restricted
Example: oil, fuel
Common problem: high capital requirement
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15
Q

Monopolistic Competition’s seller, product, entry of new firm, example, and common problem

A
Seller: many
Product: differentiated
Entry of new firm: free
Example: shampoo
Common problem: distinguishing quality
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