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Entrepreneurship 12 > Topic 2 > Flashcards

Topic 2 Flashcards

Business Trends in the PH

1
Q

The role of entrepreneurship in national development

A
  1. Promotes capital formation
  2. Creates large-scale employment opportunities
  3. Promotes balanced regional development
  4. Reduces concentration of economic power
  5. Wealth creation and distribution
  6. Increasing GNP and national income
  7. Improvement in the standard of living
  8. Promotes country’s export trade
  9. Induces backward and forward linkages
  10. Facilitates overall development
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2
Q

Can represent the direction that an industry or line of business is taking; a general change in the way business is developing

A

Trend

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3
Q

Number of business name registrations 2023

A

984,332

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4
Q

Number of retail name registrations (sari-sari stores)

A

172,905

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5
Q

Number of restaurants and mobile food services

A

78,174

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6
Q

Number of real-estate

A

41,165

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7
Q

Buying, renting, selling, leasing and operating self-owned, leased apartment buildings, non-residential and dwellings

A

Real-estate

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8
Q

Franchise markets:

A
  1. Food cart business
  2. Eco-friendly products
  3. Healthcare business
  4. Beauty and wellness business
  5. Water refilling station
  6. Bills payment centers
  7. Laundry shops
  8. Cold beverage stand
  9. Car wash business
  10. Education
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9
Q

A specific method used to create and deliver business value

A

Business model

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10
Q

According to him, any definition of a business model should encapsulate all the assumptions about what a company gets paid for.

A

Peter Drucker

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10
Q

Types of traditional business models

A
  1. Product
  2. Service
  3. Shared assets
  4. Subscription
  5. Lease/rental
  6. Insurance
  7. Reselling
  8. Agency/promotion
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11
Q

The 7 most successful business models of the digital era

A
  1. Advertising-supported
  2. E-commerce
  3. Freemium
  4. Marketplace/platform
  5. Subscription
  6. Aggregator sites
  7. Crowdsourcing
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11
Q

Includes all forms of business transactions, such as the purchase of goods or services, undertaken through electronic means, such as telephones, televisions, computers, and the Internet

A

Electronic commerce

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12
Q

Traditional + digital business models

A
  • Rent/lease + subscription
  • Rent/lease + agency/promotion
  • Shared assets + freemium
  • Insurance + aggregator sites
  • Shared assets + crowdsourcing
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13
Q

Provides a good or service with the same hopes, but profits are usually directed towards what the business owner has identified as a social issue he/she wants to address

A

Social entrepreneurship

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13
Q

Issues in social entrepreneurship

A

Social, environmental, cultural

14
Q

Steps in the business registration in the Philippines

A
  1. DTI business name registration
  2. Local business permit registration
  3. BIR registration
  4. SSS, PhilHealth, Pag-ibig fund registration

Entrepreneurship 12 (3 decks)

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