APPLIED ECONOMICS ACTIVITY SHEETS

Name:____________________________ Year and Section:____________

INDUSTRY AND ENVIRONMENTAL ANALYSIS BUSINESS OPPORTUNITY IDENTIFICATION

EXERCISES
I. Answer the following questions.

1. Distinguish between a business and an industry.

2. Why is competition an important factor that has to be studied before putting up a
business?
3. When you decide on putting up a business, how do you choose the market that you should cater
to?
4. What is the level of Philippine industrial development according to the World Economic Forum
(WEF)?
5. Contrast this current stage with the highest development stage that our country can aim for.

6. Compare a sectoral contributions to output with sectoral shares in employment. How does the
comparison indicate the relative efficiencies of the different sectors
(agriculture, industry, and service)?
7. What are micro establishments constrained to take advantage of in contrast to large scale
establishments?
8. What farm – to – market facilities do small farmers and fishermen need and why?
What would they miss out if these facilities were inadequate?
9. In what way do rice farmers lose to imports from neighboring countries?
10. Why do local manufacturers mostly consist of consumer items produced without
much need for technology and skills?
11. Why are large scale manufacturers, only engaged in the final stages of the
production?
12. What are the disadvantages of manufacturing establishments operating outside of Metro Manila
and the CALABARZON industrial zone?
13. Why is it disadvantage of trade and transport services to overcrowd in urban
centers like Metro Manila?
14. Why do the country’s electronic exports hardly add value and employment to the
economy?
15. What can micro enterprises collectively do with their cooperative actions and
associations.

16. What is the role of the industrial sector economic development?

17. What are the characteristics of Philippine Industries?
18. What is the implication of the phenomenon of the overseas migration of Filipino
workers?
APPLIED ECONOMICS ACTIVITY SHEETS

II. Activities.(MINI TASK)

1. The class will be divided into five groups. With the teacher’s guide, each group should
suggest a business that they want to put up. Each group should then justify their choice of
business. Each group will discuss among the members the environment that should be studied
in terms of the location they decided to choose. based on the environmental analysis, the
group members should identify all the factors need to be studied in the specific
environment/location.

2. Think of new product you would want to introduce in the market. It can be a good already being
sold but which you can innovate and improve, or it could be something really new that you yourself
conceptualized. Describe that product in terms of design, composition as to materials used, product
use or application, and its attributes which you believe are unique in that product.

3.Observe and talk the small producers/sellers in your barangay (farmers, fishermen, or vendors
cottage industries). What other market opportunities do they see and for what purpose and what
product. What can they collectively do when they form an association and for what goals? What kinds
of government support do you think they need for what specific activities? What can your barangay
and city/municipal government can do to support these small producers/sellers and for what specific
projects and products. How would you conduct your business if you were one of the owners of a
small – scale cottage industry?
TOPIC: SOCIO – ECONOMIC IMPACT STUDY

EXERCISES

I. Answer the following questions.

1. Why are the business still handicapped by inadequate infrastructure services

despite government’s increasing spending on the same?
2. How does size affect business in both the short and long run?
3. How do inadequate infrastructure and industry support services affect business in
both the short and long run?
4. What are the other obstacles and their specific effects to doing business?
5. What are the indicator(s) that the country’s population is still young? What is the
consumption preference of the young?
6. Yet, why do we say that the country’s population is gradually aging?
7. Why has household consumption been marginalized through the years?
8. How has declining purchasing power changed the household consumption pattern?
9. What is the effect of the foregoing on business competition and why?
10. In our country why do imports usually exceed exports?
APPLIED ECONOMICS ACTIVITY SHEETS

II. Activities

1. Discuss how SM impacts positively on the community and the country.

2. Form a group and choose a business whose owners are well known for their advocacies.
Report on these advocacies in the classroom.

3. Interview a typical mother or housewife in a low – income community on how she budgets the
income of her family. Further ask if said family budget can still provide for some amenities
(e.g., cellphone load, DVDs) and if so, how much and what kind. Look around the said
community and find the kind and number of micro enterprises serving its consumer needs.
Identify their market problems and figure out what you would do if you were in their shoes.

4. Look for successful small business in your neighbourhood. Interview the owner, find out the
reasons for putting up the business, the problems encountered, and the reasons for putting up
the business, the problems encountered, and the reasons for its success.

5. Observe and talk to the small producers/sellers in your barangay (farmers, fishermen, and
vendors cottage industries). Is there any lack of public infrastructure facilities that limits their
operation? How has this inadequacy limited their business activities and profit? What support
services do they lack and how has this limited their business activities and profit? Have they
experienced registration and licensing delays and how have they limited their business
activities and profit? What are the possible ways to explore to minimize or even avoid the
aforementioned impact?

6. Identify at least 10 goods that you always consume at home. How many are imported from our
neighbor (e.g. China, Thailand) and produced locally? Find locally made consumer goods that
compete with these imports. If you can find at least one or two, compare their prices and
quality. What will happen to the peso price of these imported consumer goods should the
exchange rate continue to decrease in absolute values, that is, if the peso appreciates in
value? Explain. What will happen to the remittances converted to pesos of our overseas
contract workers (OCW) under the scenario of peso depreciation? Explain.