Jimenez 1 John Nikko Jimenez Dr. Reschelle F. Veran MBA BA518 – Philippine Business Environment November 19, 2022 Quiz no 1 – Essay 1. What is the Philippines known for business? The Pearl of the Orient is always known for beautiful Islands, stunning beaches, and other fantastic tourist attractions. Together with an ever growing highly skilled and literate citizens, both the service sector and tourist sector became the Philippine’s bread and butter. Also, Philippines is widely known for its agriculture sector which produce high quality products such as coconuts, edible fruits, nuts and other commodities. Micro, Small and Medium Enterprises also became a foot hold of the Philippines especially this pandemic crisis. Philippines still have a lot of untapped resources, technological advancement and potential, with highly skilled citizen it wouldn’t be a surprise that some sector will found its way to the top of Philippines business. 2. What makes doing business in the Philippines’s attractive? Foreign Investors always keeping a keen eye in the Potential of the Philippines. From its rich natural resources such as natural gas, precious minerals and hidden gems to highly skilled citizens which can produce highly efficient services and can easily adapt to any situation. With strong projected growth due to various developments and increasingly evolving professional, investing in the Philippines will almost likely a fruitful venture. Jimenez 2 3. How does business influence the environment? Business and environmental always been instrumental to each other, since the day where people are trading shells and salt, the richness of the environment will dictated the wealth of it’s inhabitants. On the other hand, how it’s inhabitant manage and care on it’s environment will dictate how healthy it will become. One great example of this is on mining, it’s a known fact that it will destroy the environment while providing a huge boost to economic growth. The community may thrive if they did the right choices such as investing it to them selves to the community and others while on the other hand If this growth wouldn’t handled wisely it will tun into a pitfall of the community, it will be a place where no products can be produced and no business will thrive.
