Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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SUBJECT: STRATEGIC MANAGEMENT
DIRECTIONS: Answer the following questions below
QUESTION 3.1:
1. Why there is a need for the government to regulate business activities? Explain your answer.
2. How responsible is the government in bringing about a robust economy? What is the extent of his responsibility?
3. Why is infrastructure important to the economy of a nation?
4. How should government regulate monopolistic and oligopolistic business entities?
5. How can the government stimulate an otherwise stagnating economy? Give examples.
QUESTION 3.2:
1. Can u say that the Filipino culture is uniquely Filipino? Why?
2. The Filipino’s spirit of hospitality is expressed through the celebration of town fiestas. Is this a good Filipino trait?
3. When is bayanihan a good Filipino characteristics?
4. Is emphasis on close family ties always a positive trait?
5. Why is mañana habit a bad Filipino practice?
6. When does kanya-kanya become detrimental to our growth as a nation?
7. Is being highly politicized a good or bad trait? Explain your answer.
8. How does culture affect the conduct of business activities in the Philippines?
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