PART 3 Flashcards
TRUE OR FALSE: Location is vital to maintaining smooth and efficient operations.
TRUE
Costs that a business incurs which do not change as the business increases or decreases the number of goods or services it produces.
Fixed Costs
Rise and fall proportionally with the number of goods or services produced.
Variable Costs
those which require more fixed, upfront costs than variable costs.
Capital-intensive businesses and industries
TRUE OR FALSE: Such high upfront costs mean that businesses will require high production volumes in order to attain good returns on investment
TRUE
Are those Which require more variable costs (specifically labor or manpower) than fixed costs
Labor- Intensive Business and Industries
Philippine laws require that all businesses be registered with the _________________ (for sole proprietorships)
Department of Trade and Industry
Philippine laws require that all businesses be registered with the _________________ (for partnerships and corporations)
Securities and Exchange Commission
When was SWOT created?
1960s
Who made the SWOT Analysis?
Edmund P. Learned, C. Roland Christensen, Kenneth Andrews, and William D. Book
It is used to analyze organization or process to evaluate the internal and external factors which may prove favorable or unfavorable in achieving its objectives.
SWOT Analysis
Internal
Strengths and Weaknesses
External
Opportunities and Threats
This refers to the positive characteristics that give an organization or business anadvantage over other businesses.
Strengths
The negative attributes of a business
Weaknesses
