Which of the following is NOT an example of agriculture business sector?

A successful business idea must be completely original

Taking a risk on a new idea is essential for innovation.

These sell the product of manufacturers or producers to retailers and other distributors who have direct dealings with the end users or customers.

This involves an agent or buyer entering an agreement with a parent company to market its goods to various stores by means of strategically located store racks.

Cooperatives are owned and controlled by its members who patronize the business.

Brainstorming is a technique used to generate creative ideas

These type of business sector needs to be strategically placed in various places and locations. It needs substantial capital as he has to pay for the equipment and for the stocks to be displayed.

Corporations are required to pay a separate tax from the income of their owners.

The fear of failure can hinder creativity in entrepreneurs.

A sole proprietorship is the easiest and least expensive form of business ownership to establish.

Entrepreneurs need to possess the necessary skills for the business they are launching.

Protecting intellectual property is not important for innovative businesses.

It is important that there are steady suppliers of raw material and other inputs to the business.

Innovation requires significant financial investment every time.

Regulation of trade names; Business Name Registration

Cooperatives are more on the benefits of the customers rather than their members.

Cooperatives are motivated by maximizing profits for their members.

Entrepreneurs who are successful innovators are always the first to market with a new idea.

A sole proprietorship has a separate legal existence from its owner.

It is a business format that is very similar to licensed business operations.

Individuals should be passionate about the businesses they work for.

Barber shops and Beauty parlors are examples of this business format.

Identifying a problem and offering a solution is an example of innovation

Implementation of forestry and environmental laws

A partnership offers the advantage of limited liability for its owners.

Partnerships are a common structure for large businesses with many employees.

A disadvantage of a sole proprietorship is the potential for unlimited liability of the owner.

A good business idea should be complex and difficult to understand

Customer feedback is a valuable source of inspiration for innovation.

Administration of social security for private sector, employees and self - employed individuals.

A general partnership requires a written agreement between partners.

This serves as the fuel that keeps the business operating.

A well-defined target market is not important for innovative ideas.

Implementation of Labor Laws

Receipts printing permit; Collection of taxes

Corporations will cease if one of the stockholders will die.

Cooperatives can distribute profits to members based on their investment in the business.

Entrepreneurs rely solely on creativity to succeed

This refers to the number of prospective buyers, competitors, the price and the quality of goods and services that have to be analyzed.

Successful entrepreneurs are excellent at copying existing businesses.

Regulation/Registration of higher/tertiary education laws

This type of business deals with the creation of different products like customize t-shirts or mugs.

Registration of business under the Omnibus Investment Code

Entrepreneurs should be aware of the presence of technology to improve their products or services, or introduce new innovations in the market.

Corporations can raise large amounts of capital by selling stock.

This is a buy - and - sell transaction that can happen in your storehouse, showroom, or any other structureless environment.

Regulation and implementation secondary education sector

The success of any business also depends on the efficiency of its employees.

Regulation of trade names; Registration of inventions; Trademarks Trade Names and Patents

Verification/reservation of corporate name; Registration of incorporation

A corporation must have a board of directors elected by its shareholders.

Existing businesses have no need for innovation.

Sole proprietorships are the most common form of business ownership globally.

Creativity is inborn and cannot be developed