Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 4K views

    CHAPTER 6 - Socio-Economic Study - Kevin

    Uploaded by

    Kevin Baladad
    1) The document discusses the socio-economic study of a business called Genesis that provides gaming experiences. 2) Genesis aims to provide employment, income, and quality services to improve the community's standard of living while also contributing to government revenues through tax payments. 3) Specifically, Genesis expects to initially hire 4 employees and will pay various taxes to support the local and national economy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    CHAPTER 6 - Socio-Economic Study - Kevin

    Uploaded by

    Kevin Baladad
    4K views2 pages
    1) The document discusses the socio-economic study of a business called Genesis that provides gaming experiences. 2) Genesis aims to provide employment, income, and quality services to improve the community's standard of living while also contributing to government revenues through tax payments. 3) Specifically, Genesis expects to initially hire 4 employees and will pay various taxes to support the local and national economy.

    Original Description:

    aksnfjansfg

    Original Title

    CHAPTER 6- Socio-Economic Study - Kevin

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1) The document discusses the socio-economic study of a business called Genesis that provides gaming experiences. 2) Genesis aims to provide employment, income, and quality services to improve the community's standard of living while also contributing to government revenues through tax payments. 3) Specifically, Genesis expects to initially hire 4 employees and will pay various taxes to support the local and national economy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    4K views2 pages

    CHAPTER 6 - Socio-Economic Study - Kevin

    Uploaded by

    Kevin Baladad
    1) The document discusses the socio-economic study of a business called Genesis that provides gaming experiences. 2) Genesis aims to provide employment, income, and quality services to improve the community's standard of living while also contributing to government revenues through tax payments. 3) Specifically, Genesis expects to initially hire 4 employees and will pay various taxes to support the local and national economy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    CHAPTER 6

    SOCIO-ECONOMIC STUDY

    Businesses are the main driving forces in the company of the economy of a
    country. They generate income from which the government derives taxes for the
    processes that stimulate the economic processes that keeps the country going. When
    undertaking for a business one should consider not only the profit but also social and
    economic benefits it will give. It is notable if a business is established also with the
    welfare of the people in the community in mind rather the increase of the wealth of the
    investors alone.

    Objectives of the Study
    The main objectives of the study are to identify the benefits of the business to the
    continuity and its social role for the economic growth of the nation.
    1. To improve the standards of living of the community by providing quality
    service and employment.
    2. To understand how the business can contribute to the government revenues
    through tax collection payments.
    3. To support local economy by using local materials to aid local producers in
    the country.
    4. To understand how to contribute in preserving the environment.

    Employment and Income
    The Genesis is a service business focusing and providing high end gaming
    experience. It is only a medium-scale business and would hire four employees for the
    start. This business aims not just only the profit but also seeks to provide employment
    opportunities for the unemployed members of the society and to develop their skills. It
    increases the standards of living by providing employment and income to cope for
    everyday needs. This business endeavor will provide employment to the envisioned area
    where the project will be established since it will hire three employees. Thus, the
    community where this venture will be put up will be benefited and will somehow reduce

    106

    the rate of unemployment in that society. The business will assure to offer good quality
    and excellent service at reasonable price.

    Taxes
    The Genesis is a non-vat registered service firm. It will pay taxes in the form of
    percentage and business tax. This business is committed to help our government by
    paying the correct and appropriate taxes on or before the required deadline of the
    government. It is mandated to pay Government Licenses and Taxes (to the barangay and
    Manila Government) and BIR (Annual Income Tax Return, filing fee & annual fee).

    Use of Commodities and Supplies
    The gaming computers to be used by the firm will be provided by the Gilmore IT
    Center and they will be the supplier of the business needs such as computer parts for
    maintenance and for its daily operation. It is Filipino firm in the field of proving
    computer services particularly in gaming aspects.
    Genesis highlights on availing the services of Filipino owned firms to enable
    them to succeed despite of the rising numbers of foreign companies in the market. By
    means of Genesis, they will put on an additional income, which will give them an
    advantage over competition. If the business will be paying taxes in the Manila City, the
    suppliers also pay similar taxes in their respective places of business. It is not only the
    City of Manila that will be benefited from the operation of Genesis but also other places.
    The taxes that will be paid by suppliers can aid in promoting the welfare of the
    constituents of Manila by increasing the governments capacity to provide basic services.

    Environment
    In preserving the environment, Genesis is able to preserve the environment by
    selling the fully depreciated computers Gilmore IT Center that will be used to repair
    defected computers and resell back to willing customers.

    You might also like