Dayaoen, Lemhar P.

BSIT

Exercise 1.1. Discussion Questions

Direction: Answer the following questions:

1. Differentiate corporation and cooperatives. Give five (5) examples for each
that is existing in the Philippines.

- Cooperatives and corporations may sound like one and the same thing, but they
are very different in the formation, running, and the purposes they serve. A
cooperative is a legal entity owned by a group of people who come together
voluntarily for their mutual benefit. These people usually join hands to fulfill their
common economic, social, or cultural needs while a corporation is a legal entity
formed by a group of people who contribute capital, but it exists as a separate legal
entity having its own privileges and liabilities distinct from those of its members.
These members of a corporation are often termed the shareholders.

Five (5) examples of corporation in Philippines

1. San Miguel Corporation
2. Nestle Philippines
3. Jollibee Corporation
4. Ayala Corporation
5. Petron Corporation

Five (5) examples of cooperatives in Philippines

1. Philippines Army Finance Center Producers Integrated Cooperative (PAFCPIC)
2. ACDI Savings and Credit Cooperative
3. First Community Cooperative
4. Cooperative Rural Bank of Bulacan
5. PLDT Employee’s Cooperative Inc.

2. Distinguish sole proprietorship and partnership. If you are going to put up

a business between the two, what will you choose? Why?

-A sole proprietorship has one owner, while a partnership has two or more owners.
If I am looking to build a business between the two, I choose the partnership
because I believe that great things in business are never done by one person. This
is done through a partner. Like Jack Ma, the founder of Alibaba, he is so successful
today because he has a great team or a great partner in his business. So I want a
partner or a great team with whom we share the same mindset, vision and values to
build a successful business.

3. Discriminate the three types of business according to operations or

activities. Give three (3) examples of each that is existing in the Philippines.

The Three Types of Business

1. Service companies – perform services for a fee. This group includes accounting
firms, law firms, and dry cleaning establishments.
2. Merchandising companies - purchase goods that are ready for sale and then sell
them to customers. Merchandising companies include auto dealerships, clothing
stores, and supermarkets.
3. Manufacturing companies - buy materials, convert them into products, and then
sell the products to other companies or to the final consumers. Manufacturing
companies include steel mills, auto manufacturers, and clothing manufacturers.

Three (3) examples of Service Companies

1. Asiaworld Transport Philippines Company Incorporated
2. Ex-link Management and Marketing Services - Even
3. Corinthians Group of Companies // Security & Manpower Agency in the
Philippines

Three (3) examples of Merchandising Companies

1. Delper Marketing
2. Chattrade Enterprise
3. Cosmos Bazar Incorporated

Three (3) examples of Manufacturing Companies

1. LA BEATA BAG Manufacturing
2. July Manufacturing Company, Incorporated @ Quezon City
3. ESS Manufacturing Company, Inc.