5. The Types of Industries in the Philippines
•Industry-
• is a group of companies that are related based on
their primary business activities. In modern
economies, there are dozens of industry
classifications. Industry classifications are typically
grouped into larger categories called sectors
6.
7. Agriculture
•The Philippines has predominantly always been an
agrarian economy. Being a tropical country, the
Philippines holds a massive agrarian land mass,
extending to 9.7 million hectares of fertile soil
suitable for crops like rice, coconut, pineapple,
mango, paddy, sugarcane, corn, maize, cassava,
coffee, tea, bamboo, banana, and cacao.
Moreover, thecountry also produces healthy poultry
8.
9. Manufacturing
•This refers to the processing of raw materials (ex.
Ore, wood, and foodstuff) into finished products
and into something more useful through the use of
tools and process that allows individuals and
business to add value to the products, selling them
at a higher price in the market thus, marketing
manufacturing a profitable endeavor.
10.
11. Retail or Merchandising
•These consist of establishments that purchase
products from other businesses or manufacturers
and sell them to customers. Merchandising
companies usually have merchandising inventories
in their current assets account. They usually
generate profit by providing markup prices on their
goods available for sale (Abrugar, 2011).
12.
13. Tourism
•Tourism industry in the Philippines is very well known
since our country has a very rich biodiversity of tourist
attraction. From beaches, heritage towns, monuments,
mountains, resorts, rainforest, island and diving spots.
Since our country is endowed with rich natural
resources, the Philippines can promote more nature-
based tourism. Tourism provides significant economic
benefits, particularly for small islands and provinces.
Being an archipelago, the Philippines relies heavily on
tourism for its livelihood.
14.
15. International Trade (Exports and Imports)
•The exchange of products and services between
countries is referred to as international trade. It
refers to the export and import of commodities
and services in basic terms. Products and services
are sold out of the country, while goods and
services are imported into the country. Since the
Philippines is very rich in natural resources the
country exports more products, which also means
more production, jobs and revenue are generated
16.
17. Banking / Financial institutions
•financial institution (FI) is a company engaged in
the business of dealing with financial and monetary
transactions such as deposits, loans, investments,
and currency exchange. Financial institutions
encompass a broad range of business operations
within the financial services sector including
banks, trust companies, insurance companies,
brokerage firms, and investment dealers (Hayes,
18.
19. Outsourcing
•Ever since the last decade, Business Process Outsourcing
or BPOs have been one of the fast- paced and rapidly
expanding industries in the Philippines. BPOs have
emerged as the top contributors to the Filipino economy.
The Information Technology and Business Process
Association of the Philippines (IBPAP) has forecasted that
the BPO industry is bound to generate a revenue of 40
billion USD, produce 7.6 million direct and indirect jobs
within the sector, and account for 15% of the
aggregate global outsourcing market. Thus, making the
BPO industry a flourishing sector to invest into (Business
Set up n.d
20.
21. Construction
•The Department of Trade and Industry (DTI) has recently
stated that the Filipino Government is opening up the
construction industry to foreign investors with the idea
that these investors can potentially become local
contractors by providing them construction permits. Thus,
this is an ideal time for foreign direct investors to invest in
the construction sector. The PSA has reported a growth
of 16.1% towards the end of 2018. Taking part in the
infrastructural development of the country will ensure its
rise into becoming an infrastructure hotspot for Filipino
engineers as well as foreign investors (Business Set up,
n.d.).
22. Applying Principles, Tools and Techniques in
Creating a Business
•There are many principles tools, techniques and
strategies that can be applied in creating a business.
The challenge is selecting the best approach, tools
and techniques to use in a given business situation /
problem or opportunity
23. List down 5 business establishments found in the locality
and identify in what industry they belong.
