2. Business Operations
Service
provides services to customers
a. professionals:
lawyer
doctor
accountant
engineer
b. hotel and lodging
c.hospital
d.salon
e.restaurant
f. banking and finance
g. transportation
3. Buys and sells products
to customers
a.general merchandise:
grocery store
retail store
b. toy store
c. electronic store
d. apparel store
e. online stores:
Amazon
iTunes
Shopee
Lazada
4. Manufacturing
converts raw materials using labor, tools, and
processing machines to produce finished goods or
products for other manufacturer's use or for the
consumer's consumption
a. computer and electronic manufacturers
b. car, truck, and van manufacturers
c. shoes and clothing
manufacturers
d. soda or beverage
manufacturers
e. canned good manufacturers
7. . Partnership is run by two or more
individuals who join together.
8. . Corporation is owned by share-holders. It is structured as a
separate legal entity under the
operation of law. It issues the stocks to individuals or other
businesses, who become owners or Stockholders.
9. 4.Franchise -uses another company's successful business model to
create a shop, restaurant, etc.
. 5.Cooperative- is formed to meet the mutual needs of
t the workers.
10. Philippines Business laws and Regulations
Philippine Business Laws and Regulations
There are laws or republic acts (R.A.) and
Executive Orders (E.O.) enacted by the
Philippine government to help and promote
the development of small and medium
enterprises (SMEs).
11. 1. R.A. 6977 or Magna Carta for Small Enterprises of 1991 is
an act that helps nourish the growing Filipino entrepreneurial
spirit by creating Small and Medium Enterprise Development
Council and Small Business Guarantee and Finance
Corporation.
2. R.A. 7882 or Assistance to Women in Micro and Cottage
Enterprises assists to women engaging in micro and cottage
business enterprises, and for other purposes. A particular
law that recognizes the special role of women in the
Philippines' economic engaged in business.
12. 3. Fair Trade Laws monitor and regulate the
prices of products in the market to protect the
interest of the consumers.
4. R.A. 3883 or Business Name Registration
regulates the use in transactions of names to
be registered with the Department of Trade
and Industry (DTI) and ensures both the
protection and welfare of business owners and
consumers.
13. 5. R.A. 8762 or Retail Trade Liberation Act
promotes consumer welfare to welcome
investment that will lower prices, create jobs,
promote tourism, assist small manufacturers, and
stimulate economic growth.
6. Executive Order No. 226 or Omnibus
Investments Code of 1987 encourages and
accommodates local and foreign investors to do
business in the Philippines.
14. 6. Executive Order No. 226 or Omnibus Investments Code of 1987
encourages and accommodates local and foreign investors to do
business in the Philippines.
7. Executive Order Nos. 264 and 288 or Tariff Reform Measures
of 1995 modify or lower the tariff rates and/or structures and taxes
in importing goods utilized by local industries. This encourages
industries to compete with global competitors.
15. 8.. Decentralization or Localization is due to the
government's movement toward decentralization
of services to the regions and increase
participation of local government in crucial
activities in different industries.
16. Business Registration
As an entrepreneur, it is important to register your
business.Obtaining permits and lawful documents
will protect and provide your business stability.
