Question

in what ways can Filipino entrepreneurs compete in a global scale​

Answer 1

Answer:

GOING global is not just for large corporations. Small and medium enterprises can get into the action too. But why even tap the international market when selling to the local market is already a challenge?

There are many reasons entrepreneurs should go global. Here are two: First, the opportunities obviously are much greater. For companies that already dominate their sector, the next step is to look for potential customers abroad.

But even for smaller businesses, including exporters and outsourcing firms, the arbitrage model of selling products and services at a higher price to foreign markets using cheaper local labor and materials makes a lot of sense.

Answer 2

Explanation:

The World Economic Forum (WEF) released the Global Competitiveness Report 2018-2019 16 October 2018. The Philippines ranked 56th out of 140 countries with a GCI score of 62.1.