unit 3: lesson 2 Flashcards
All organizations are perfectly designed to get the results they are now getting. If we want different results, we must change the way we do things.
ton northup
The Philippine business environment is influenced by a lot of factors both in the microenvironment and macroenvironment.
Local Business Environment
A company operating with international branches should take note of the political, environment, particularly the stability of the government of the country where it operates.
International Business Environment
PHASES OF ECONOMIC DEVELOPMENT
MERCANTILISM
INDUSTRIAL REVOLUTION
FORDISM
POST-FORDISM
GLOBALIZATION
MERCANTILISM time period
1500-1780
INDUSTRIAL REVOLUTION time period
1780-1880
FORDISM time period
1880-1970
POST-FORDISM time period
1970-2010
GLOBALIZATION time period
2010-PRESENT
are resources with economic value that are owned and controlled by the business owners
ASSETS
are debts or obligations which arise in the course of the business operations
LIABILITIES
Forms of Business Organizations
- Sole Proprietorship
- Partnership
- Corporation
– owned by one person
Sole Proprietorship
– 2 or more owners
Partnership
– has a distinct personality separate from its owners
Corporation
Wherein the partners have unlimited liability for debts and obligations of the partnership
GENERAL PARTNERSHIP
Wherein one or more general partners have unlimited liability and the limited partners have liability that is only up to the amount equal to their capital contributions.
LIMITED PARTNERSHIP
Capital stock divided into shares and dividends
STOCK CORPORATION
Does not issue shares and dividends. (surplus)
NON-STOCK CORPORATION
Foreign Business Organization
- branch office
- representative office
- regional headquarter
- regional operating headquarter
is organized to do the activities of the head office from the host country.
communication, and coordination
branch office
is fully supported by the head office and does not obtain funds from its main office overseas
representative office
only performs activities that primarily involve supervision,
regional headquarter
performs services to its affiliates
regional operating headquarter
is a type of business that provides labor and other services to customers
service business
is a type of business that purchases products from other businesses
merchandising business
is a type of business where raw materials are transformed into finished goods
manufacturing business
Classification of Business
- service business
- merchandising business
- manufacturing business
