/
Philippine Local and International Business Environment
Save to my account
Sign up
Philippine Local and International Business Environment
Philippine Local and International Business Environment
Study
1
Question
How does weather affect Philippine businesses, especially in food production and agriculture?
Answer
Extreme weather can cause crop losses, raise food prices, and disrupt operations.
2
Question
What cultural considerations should businesses heed when bringing foreign products to the Philippine market?
Answer
Whether products align with Philippine culture and local sentiments.
3
Question
Which types of products might perform differently across regions in the Philippines?
Answer
Native cuisine and handicrafts.
4
Question
What consumer preference is evidenced by Filipinos’ inclination toward Western/American products?
Answer
Preference for Western products.
5
Question
What local Filipino products are highlighted as having strong regional market potential?
Answer
Products using local ingredients or materials.
6
Question
What is a major feature of the local business environment mentioned in relation to BPO companies?
Answer
Cheap operating and labor costs with a highly skilled workforce.
7
Question
What was the 2019 statistic for BPO employment in the Philippines?
Answer
Over 1,000 BPO companies employed about 1.3 million Filipinos.
8
Question
What is the projected trend for BPO employment growth according to the material?
Answer
Growth of 8-10% per year.
9
Question
What portion of global BPO market is the Philippines projected to control?
Answer
10-15% of the worldwide BPO business.
10
Question
What regions are identified as primary markets for Philippine BPO services?
Answer
United States, Europe, and nearby countries like Japan, New Zealand, and Australia.
11
Question
How did the pandemic influence the gig economy in the Philippines?
Answer
The gig economy exploded, creating more low-wage job opportunities.
12
Question
What is a key consideration for international business regarding political environment?
Answer
Stability of the host country's government.
13
Question
What types of trade regulations should firms monitor in international operations?
Answer
Taxes, quotas, tariffs, and other trade regulations.
14
Question
Why are copyright laws and patents important in international business environments?
Answer
They differ by country and affect operations.
15
Question
What are free trade and export zones, and where are they located in the Philippines?
Answer
Special zones like Clark, Pampanga and Subic, Zambales for factories and operations.
16
Question
What strategic activity do international companies often engage in with political figures?
Answer
Cultivate and maintain relations with political figures and administrations.
17
Question
What infrastructure factors must be evaluated by companies overseas?
Answer
Railroads, ports, power plants, schools, markets, utilities, communication systems.
18
Question
Why might a country offer a huge market but have poor profitability prospects?
Answer
Because of weak infrastructure or low average income.
19
Question
What international business environment components are included in the analysis?
Answer
Political, economic, social, and technological forces.
20
Question
What book section is being summarized in this card set?
Answer
The Local and International Business Environment.
21
Question
What macroenvironment factors are implied to influence the local Philippine business environment?
Answer
Macroenvironment factors like weather and culture.
22
Question
What is one effect of droughts and typhoons on prices according to the text?
Answer
Increase in food prices.
23
Question
What is the role of microenvironment factors in shaping business strategy?
Answer
They contribute to a unique local environment that firms must adapt to.
24
Question
In what year did Forbes report rapid freelancing market growth for the Philippines?
Answer
2019.
25
Question
What is the primary destination for Philippine BPO services?
Answer
The United States.
26
Question
What is the term used to describe the growing flexibility in work arrangements mentioned?
Answer
Gig economy.
27
Question
How does the material describe the relationship between local products and regional markets?
Answer
Local products may do well in some areas and poorly in others.
28
Question
What does the term ‘influence of microenvironment and macroenvironment’ imply for firms?
Answer
Firms must adapt to both local and broader external factors.
29
Question
Which natural disaster is mentioned as disruptive to business operations?
Answer
Earthquakes.
30
Question
What is the implication of “free trade and export zones” for international firms?
Answer
Facilitate operations and incentives for foreign companies.