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Questions and Answers
What is entrepreneurship primarily focused on?
In what areas do entrepreneurs innovate to gain competitive advantage?
How is entrepreneurial innovation typically understood by entrepreneurs?
What role has entrepreneurship played in the economic development of the global marketplace?
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What is the main focus of the factors discussed in the text?
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Which phrase best defines entrepreneurship?
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Which factor is NOT mentioned as a potential advantage of the Philippines as a business location?
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What do entrepreneurs need to search purposefully for to achieve successful innovation?
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What type of businesses are classified as small businesses in the text?
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Which factor might pose a risk to businesses operating in the Philippines based on the text?
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Why are small businesses important according to the text?
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Which of the following is NOT considered as a factor influencing organizational structure according to the text?
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What is a key advantage of small businesses mentioned in the text?
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How do small businesses benefit the area where they are based, according to the text?
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What makes small businesses more adaptable to changing economic climates, as mentioned in the text?
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Why do many consumers tend to support local favorites during economic downturns, according to the text?
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How does customer loyalty differ between small businesses and larger companies, based on the text?
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According to Drucker (1985), how should innovation be viewed?
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What are some impacts of entrepreneurship on the economy?
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What contributes to the Philippines' economic dynamism?
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Which sector in the Philippines has notable performance according to the text?
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What makes the Philippines an attractive location for Western businesses looking to establish operations in Asia?
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How do great entrepreneurs impact society according to the text?
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