Business and Entrepreneurship Flashcard

Front

Which of the following is considered an internal factor in SWOT analysis? Opportunities, Weaknesses, Threats, None of the above

Back

Weaknesses

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

Front

Which law determines the minimum daily wage for workers in the Philippines?

Back

Minimum Wage Law

Front

How does the absence of mentorship affect Filipino entrepreneurs?

Back

Limits learning from experienced business owners

Front

Why is ineffective business planning a major challenge for Filipino entrepreneurs?

Back

It contributes to poor decision-making and lack of direction

Front

Which PESTLE factor focuses on changing consumer behavior and demographics?

Back

Social

Front

How does the TOWS matrix assist businesses?

Back

Helps identify both external and internal factors for strategy development

Front

Which term describes purchasing company shares with the expectation of financial returns?

Back

Investment

Front

Which tax is required for certain transactions, documents, and instruments?

Back

Documentary Stamp Tax

Front

Which mindset can prevent Filipino entrepreneurs from succeeding?

Back

Fear of failure