

Business and Entrepreneurship Flashcard
Flashcard
•
World Languages
•
11th Grade
•
Practice Problem
•
Hard
Wayground Content
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30 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is considered an internal factor in SWOT analysis? Opportunities, Weaknesses, Threats, None of the above
Back
Weaknesses
2.
FLASHCARD QUESTION
Front
Which factor would make it easier for new businesses to enter an industry? Options: Strong brand loyalty to existing businesses, High initial investment requirements, Weak government regulations, Strict patent protections
Back
Weak government regulations
3.
FLASHCARD QUESTION
Front
Which law determines the minimum daily wage for workers in the Philippines?
Back
Minimum Wage Law
4.
FLASHCARD QUESTION
Front
How does the absence of mentorship affect Filipino entrepreneurs?
Back
Limits learning from experienced business owners
5.
FLASHCARD QUESTION
Front
Why is ineffective business planning a major challenge for Filipino entrepreneurs?
Back
It contributes to poor decision-making and lack of direction
6.
FLASHCARD QUESTION
Front
Which PESTLE factor focuses on changing consumer behavior and demographics?
Back
Social
7.
FLASHCARD QUESTION
Front
How does the TOWS matrix assist businesses?
Back
Helps identify both external and internal factors for strategy development
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