The Local and International Business Environments

• Business organization have diversified through the years. Yes or no?

  Yes
• What is influenced by a lot of factors both in the microenvironment and macroenvironment?

  Philippine business environment
• What are the considerations for the Philippine businesses?

  Weather, culture, opportunities and threats
• what are the considerations for international businesses?

  Political force, economic force, social force, technological force
• What are the different economic phases?

  Mercantilism, industrial revolution, fordism, post-fordism, globalization
• What can’t survive without a thriving business sector?

  Economy
• What engage in transactions that maintain a smooth flow of trade relations among producers, service providers, and households?

  Business organizations
• What plays a vital role in the economy?

  Business sector
• What enable the flow of money and resources in  and out of the country?

  Business transactions