module 5

Question 1

main factor of sustaining high profitable business

Answer 1

cash flow management

Question 2

uncertainty that affects filipino entrepreneurs

Answer 2

• financial fluctuations
• globalization and increased efficiency
• technological tornadoes

Question 3

the policy cause bubble of artificial growth and cheap money stop flowing together with sales

Answer 3

financial fluctuations

Question 4

more money in the market should mean higher prices. as there is more money to buy the same of goods

Answer 4

financial fluctuation

Question 5

the need to produce continue to decrease while innovations continue to mare production more efficient

Answer 5

globalization and increased efficiency

Question 6

having this super advanced information technology and global cloud computing will no longer reuire much upfront investment to start a new business

Answer 6

globalization and increased efficiency

Question 7

innovation in technology results to a shorter product life cycles destroying moore’s law

Answer 7

technological tornadoes

Question 8

contemporary issues concerning filipino entrepreneurs

Answer 8

• red tape
• poor public utility services
• lack of financial support
• lack of marketing skills
• ineffective management
• inability to innovate
• lack of customer care
• lack of self-growth

Question 9

bureaucracy in government is still rampant

Answer 9

red tape

Question 10

business owners and entrepreneurs experience expensive and time consuming registering and complying business processes

Answer 10

red tape

Question 11

entrepreneurs continually experienced brownouts and poor internet connection which is vital in transacting business

Answer 11

poor public utility service

Question 12

for those who is starting their business getting financial aid from government or getting loan from banks in the ph is impossible

Answer 12

lack of financial support

Question 13

to avail loan you must have a collateral to give

Answer 13

lack of financial support

Question 14

aspiring entrepreneurs spend less on marketing campaigns and forget the other elements of marketing such as PLACE, PRICE, PEOPLE, PROMOTION

Answer 14

lack of marketing skills

Question 15

elements of marketing

Answer 15

place
price
people
promotion

Question 16

entrepreneurs have passion for business, but do not have passion for management and leadership

Answer 16

ineffective management

Question 17

technology evolves very fast together with people. new business processes and marketing methods emerge

Answer 17

inability to innovate

Question 18

business need to satisfy consistently the need and wants of their customers

Answer 18

lack of customer care

Question 19

entrepreneurs lack personal development, self control to focus on their core goals. they also lack of self-leadership to lead others

Answer 19

lack of self-growth

Question 20

entrepreneurs must develop patience, compassion and love to customers

Answer 20

lack of self-growth

Question 21

good habits, personal ualities are factors to consider for the growth of the business

Answer 21

lack of self-growth