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What is the importance of environmental scanning for entrepreneurs?
It helps spot on-the-ground conditions for new and growing firms.
What regulatory environments should new ventures in the Asia-Pacific consider?
They must review the diverse regulations affecting startup conditions, such as those in Australia, New Zealand, and Singapore.
What are the modes of environmental scanning?
Undirected viewing, conditioned viewing, informal searching, and formal searching.
What is 'undirected viewing' in environmental scanning?
The entrepreneur scans a broad spectrum of sources with the least effort to detect early signals of change.
What does 'conditioned viewing' involve?
Focusing on a few selected sources to make sense of the mass of information.
How does environmental scanning influence business performance?
It significantly impacts competitiveness, as shown in studies of export companies.
What areas must entrepreneurs be aware of regarding legal frameworks?
Dispute settlement, customs and tariffs, standards setting, and innovation policy.
What are the best countries for starting a business in terms of ease?
Australia and New Zealand, which have only two required procedures.
How is the internal environment defined in a business context?
It includes the company's structure, culture, and resources.
What is the 'task environment' in relation to an organization?
Factors that directly affect the company’s tasks, such as suppliers and customers.
What does 'socio-cultural forces' refer to?
External influences that affect the company's operations, such as societal trends.
Which Asia-Pacific country has the highest ease of doing business ranking?
New Zealand.
What issues might entrepreneurs face in Indonesia when starting a business?
High costs and lengthy processes for debt collection and property registration.
What does the 'Ease of Paying Taxes Act' aim to accomplish?
To modernize tax administration and ease compliance for taxpayers.
What is the corporate income tax rate for domestic micro, small, and medium-sized companies in the Philippines?
20 percent for companies with taxable income up to PHP 5 million.
What is the progressive personal income tax rate in the Philippines?
Up to 35 percent, depending on income bracket.
What services may qualify for VAT exemption in the Philippines?
Sale of raw materials and services rendered to registered enterprises.
What barriers do political instability and corruption present for entrepreneurs?
They can hinder marketplace certainty and disrupt business plans.
What is essential for contract enforcement in business?
A reliable legal system to uphold contractual agreements.
What defines a breach of contract under Philippine law?
Failure to perform an obligation imposed by the contract.
What does the Philippines' tariff policy state?
67.6% of its tariff lines are bound in the WTO.
What are the requirements for starting a corporation in the Philippines?
Must have perpetual existence and file Articles of Incorporation.
What is the significance of investor protection for entrepreneurs?
It ensures equity markets develop and provides incentives for investment.
What is a minimum corporate income tax (MCIT) in the Philippines?
A 2 percent tax imposed on gross income after the third taxable year.
How is foreign investment regulated in the Philippines?
Foreign entities are restricted in sectors reserved for Filipino citizens.
What can complicate contract enforcement in the Philippines?
Inefficient and slow court systems.
What are common labor regulations in the Philippines?
Mandatory minimum wages, overtime bonuses, and grounds for dismissal.
What must companies comply with for tax payments in the Philippines?
The regulations outlined by various Republic Acts and the National Internal Revenue Code.
What key components are necessary for a valid contract in the Philippines?
Consent, object, and lawful cause.
What factors affect the competitive analysis of an industry?
The structure of the industry and the company's relative position in it.
What challenges do small businesses face due to regulations?
Complexities in procedures, costs, and delays in starting their operations.
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