Answer to Question #273010 in Economics of Enterprise for nicole

Question

Instructions: Research on the assigned topic assigned to you.

Assigned topic : COOPERATIVES

Search for the following :

1. Existing business / enterprises in the Philippines.

2. Laws regulating these forms of business enterprises. 

3. Straight facts. 

Answer 1

There are two main laws governing businesses in the Philippines, all businesses fall under these two laws.

Businesses Organized under Philippine Law

• Sole Proprietorship.
• Partnership.
• Domestic Subsidiary/Corporation
• Stocks and non stocks

Businesses Organized under Foreign Laws

• Branch Office
• Representative Office
• Regional Headquarters (RHQs)
• Regional Operating Headquarters (ROHQs

Straight facts about Philippine business

Philippine business culture is hierarchical, with the person of highest status approving all final decisions but group consensus is still necessary for all decisions before it arrives to that person. Verbal agreements are adhered to on trust basis, and if broken they jeopardize one's business relationships.

Current leading business industries include

Real Estate Industry,commerce Industry,IT BPO, and Business Service,Retail Industry,Energy Industry,tourism industry, Manufacturing industry, and construction industry