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    Business Enterprise Simulation

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    Jonathan Siguin
    The document discusses a business enterprise simulation course. It notes that recent statistics show growth in the Philippines' service sectors, where most start-ups invest. The course allows learner-entrepreneurs to practice business ethics through products and services for customers at fair prices, decent wages for employees, reasonable returns, and ethical supplier transactions. It emphasizes that location choice is critical as the primary target market is the local population, and market research is important to understand the target market and match products or services to customer needs.

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    Business Enterprise Simulation

    Uploaded by

    Jonathan Siguin
    51 views8 pages
    The document discusses a business enterprise simulation course. It notes that recent statistics show growth in the Philippines' service sectors, where most start-ups invest. The course allows learner-entrepreneurs to practice business ethics through products and services for customers at fair prices, decent wages for employees, reasonable returns, and ethical supplier transactions. It emphasizes that location choice is critical as the primary target market is the local population, and market research is important to understand the target market and match products or services to customer needs.

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    BES_L_2.1

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    The document discusses a business enterprise simulation course. It notes that recent statistics show growth in the Philippines' service sectors, where most start-ups invest. The course allows learner-entrepreneurs to practice business ethics through products and services for customers at fair prices, decent wages for employees, reasonable returns, and ethical supplier transactions. It emphasizes that location choice is critical as the primary target market is the local population, and market research is important to understand the target market and match products or services to customer needs.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    51 views8 pages

    Business Enterprise Simulation

    Uploaded by

    Jonathan Siguin
    The document discusses a business enterprise simulation course. It notes that recent statistics show growth in the Philippines' service sectors, where most start-ups invest. The course allows learner-entrepreneurs to practice business ethics through products and services for customers at fair prices, decent wages for employees, reasonable returns, and ethical supplier transactions. It emphasizes that location choice is critical as the primary target market is the local population, and market research is important to understand the target market and match products or services to customer needs.

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    © All Rights Reserved
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    You are on page 1of 8

    BUSINESS

    ENTERPRISE
    SIMULATION
    BUSINESS ENTERPRISE SIMULATION

    CHAPTER 2:
    ENTERPRISE
    BUSINESS PLAN
    BUSINESS ENTERPRISE SIMULATION

    LESSON 3:
    INTRODUCTION,
    BACKGROUND OF
    THE ENTERPRISE
    BUSINESS ENTERPRISE SIMULATION

    Recent statistics from the Philippines Statistical Authority


    shows favorable growth rates for the service sectors.

    It is apparent that most start-ups decide to invest in these


    sectors because of their economic contribution and growth
    rates.

    The choices of most learner-entrepreneurs may be in retail-


    trade and other services sub-sectors under the service sector.
    BUSINESS ENTERPRISE SIMULATION

    As cited in the Business Ethics and Social Responsibility:


    Principles, Policies, Programs and Practices (Garalde-Orjalo
    and Frias 2016), the principal role of business in economic
    development in the creation of jobs. The number of
    employees engaged by the enterprise and the salaries and
    wages paid for the teams simulate the job creation process.
    BUSINESS ENTERPRISE SIMULATION

    This Business Enterprise Simulation course permits the


    learner-entrepreneur to practice the observance of business
    ethics through safe and inexpensive products and services for
    customers, decent wages for employees, realistic returns for
    investors and owners, and decent transactions with suppliers.
    BUSINESS ENTERPRISE SIMULATION

    Most learner-entrepreneurs groups may opt to locate their


    enterprises inside the school environment or in their
    residential communities. The choice of an accessible location
    may be due to time, financial, and other constraints. The
    choice of location is a critical decision since the primary target
    market of their enterprise is the population in the chosen
    locality.
    BUSINESS ENTERPRISE SIMULATION

    It is vital to understand the market environment and that the


    method of collecting, understanding and collecting data is
    through market research (Mendiola, Tanchingco, and
    Agustin 2017). Through market research, the target market
    can be described as its price sensitivity, buying patterns, and
    other characteristics needed to match the product or service
    ideas of the start-up groups.

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