MODULE 2: Business Trends in the Philippines

Question 1

• Promotes Capital Formation
• Creates Large-Scale employment opportunities
• Promotes balanced regional development
  Reduces concentration of economic power
• Wealth creation and distribution
• Increasing GNP and national income
• Improvement in the standard of living
• Promotes country’s export trade
• Induces backward and forward linkages
• Facilitates overall development

Answer 1

A. The Role of Entrepreneurship in National Development

Question 2

→ can represent the direction (whether upward or downward) that an industry or line of business is taking or
→ A general change in the way business is developing.

Answer 2

Trends

Question 3

_____ business name registrations for 2023

Answer 3

984,332 business name registrations for 2023

Question 4

Retail: Sari-Sari Stores: ___

Answer 4

Retail: Sari-Sari Stores: 172,905

Question 5

Other businesses Services

Answer 5

1. Printing Business
2. Photo Booth Rental
3. Bills Payment
4. Piso Wi-Fi
5. Laundry Shop
6. Online Tutoring
7. Car Wash

Question 6

→ “At its heart, a business generates value for its customers. A business model is a specific method used to create and deliver this value.”
→ any definition of a business model should encapsulate all the ‘assumptions about what a company gets paid for

Answer 6

Business Model

Question 7

1. product
2. service
3. shared assets
4. subscription
5. lease/rental
6. insurance
7. reselling
8. agency/promotion

Answer 7

Types of traditional business models:

Question 8

1. Advertising-Supported
2. E-commerce
3. Freemium
4. Marketplace/Platform
5. Subscription
6. Aggregator Sites
7. Crowdfunding

Answer 8

7 MOST SUCCESSFUL DIGITAL MODELS OF THE DIGITAL ERA

Question 9

→ any definition of a business model should encapsulate all the ‘assumptions about what a 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
* social
* environmental
* cultural

Answer 9

Social entrepreneurship

Question 10

→ includes all forms of business transactions, such as the purchase of goods or services, undertaken through electronic means

Answer 10

Electronic commerce

Question 11

Innovative Startup Act

Answer 11

RA11337

Question 12

Step 1: DTI - Business Name Registration
Step 2: Local Business Permit Registration
Step 3: BIR Registration
Step 4: SSS, Philhealth, Pag-ibig Fund Registration

Answer 12

Business Registration in the Philippines