pdfFINAL CHAPTER 1 3
pdfFINAL CHAPTER 1 3
pdfFINAL CHAPTER 1 3
INTRODUCTION
Food is life. In economics, food has become very complicated (Bozzo, 2011).
Aside from the fact that food gives us nourishment to do our day to day work, food
profitable way of businessmen not only to make money, but to improve the lifestyle of
people.
Squash is one of the most versatile and delicious foods available throughout the
world, and it packs a serious punch in terms of health. Different varieties of squash have
the ability to improve vision, aid in skin care, strengthen the immune system, prevent
cancer, manage symptoms of diabetes, build strong bones, protect heart health, and
Squash is the most commonly grown in the Philippines throughout the year. It is
a good investment to put up this kind of business since the ice cream industry in the
Philippines is composed of only a few ice cream companies who supply ice cream and
It is now generally accepted that malnutrition and hunger are one of the problems
of the society and it is essential that healthy foods should be shared to the general
public. It is on this premise that the researchers choose to establish a squash multi-
product food stand business which aims to provide a healthy and good product such as
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
2
nuggets, patties, fries and shake out of squash for the consumers to enjoy the food and
food stand business by producing and retailing of nuggets, patties, fries and shake in
of the business.
1. What market demand and strategies of the proposed products are to be used in
4. How much is the capital needed and the profits to be earned for the succeeding
five years?
Academe. The result of this study can be an additional reference to the school library.
Entrepreneurs. The result of this study may provide new ideas for entrepreneurs for
Prospective Investors. The result of this study may ba a basis for decision making
Customers. The result of this study may provide more knowledge to the customers
Future Researchers. The result of this study may be a reference for future researchers
product food stand business in terms of its market, technical, management, financial
and socio-economic aspects. The subject of the study focuses on how to make
The respondents will be the students of Carlos Hilado Memorial State College
To have a better understanding of the study, the following terms are defined
(https://dictionary.cambridge.org.com)
Operationally, involving to the money such as cost, expenses and the profit you
earn.
Fries. Conceptually, it refers to very thinly sliced chips that have been cooked in
planning, setting, objectives, managing resources, deploying the human and financial
Patty. Conceptually, a piece of food made into a disc shape that is then cooked
(https://dictionary.cambridge.org.com).
Operationally, it refers to a round shaped filling for the burger made of squash
including fruit or less commonly vegetables, fruit juice, ice, yoghurt and milk (Safefood,
2008).
producing fruit and considered to be one of the most delicious vegetables. It is the most
commonly and regularly grown among the cucurbits because it is a rich source of
structures) (https://dictionary.cambridge.org.com).
MARKETING ASPECT
Business Description
Kalabarkada Snack Station is a food stand which offers good quality and healthy
snacks such as nuggets, patty, fries and shake that are made of squash. This is a great
venue for students to relax and have fun while eating healthy foods after long days of
assignments, projects, quizzes and exams. With its health benefits, it aims to cater the
CHMSCians feel and experience the remarkable tastes of Kalabarkada Snack Station’s
nuggets, patty, fries and shake because “Sa Unang Kagat, Kalabasa Lahat”.
Demand Analysis
The 323 respondents were taken from the CHMSC community wherein students
I.
I.
YES
NO
I.
I.
98%
I.
I.
Customers’ Preference
Figure 1 presents the number of respondents who are willing to buy Kalabasa Snacks
Variety. The result indicates that 98% or 318 are interested while 2% or 5 are not
interested.
1%
YES
NO
99%
the respondents
38% are interested to
FREE WATER
FREE BEVERAGE Kalabarkada
62%
Snack Station to
open at CHMSC-
FT. Out of 318 or 98%, 316 or 99% are interested and 2 or 1% is not interested.
Figure 1.2 shows the Customers Preference in terms of promo. Out of 318 or 98%, 216
or 68% want to avail free water and 73 or 23% want to avail free beverage.
II.
SEX
II.
II.
30%
70% II.
II.
II.
ustomers’ Profile
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
10
Figure 1.3 shows the Customers’ Profile in terms of sex. Out of 323 respondents, 226 or
COURSE
7% 3% 11% BSA BSACT
Figure 2.4 shows the Customers’ Profile in terms of course. Out of 323 respondents, 35
5%
23% 20-50
20% 50-70
70-100
19% 100-150
ABOVE 150
33%
having a allowance of 100 to 150 pesos and 17 or 5% are having a allowance of above
150 pesos.
4% 1%
9% 20%
BELOW 20
20-30
30-50
32% 50-70
33% 70-100
ABOVE 100
Out of 323 respondents, 64 or 20% are having a buying capacity of below 20 pesos,
108 or 34% are having a buying capacity of 20 to 30 pesos, 104 or 32% are having a
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
13
buying capacity of 30 to 50 pesos, 29 or 9% are having a buying capacity of 50-70
pesos, 14 or 4% are having a buying capacity of 70-100 pesos and 4 or 1% are having
5%
10%
WEEKLY
EVERY 15 DAYS
MONTHLY
84%
Figure 1.7 Buying Pattern of the respondents to pay for the consignment of the product
Figure 1.7 shows the buying pattern of the respondents. Out of 318 or 98%, 268 or 84%
are willing to buy the products weekly, 33 or 11% are willing to buy the products every
9%
23% 10PCS.
15PCS.
20PCS
68%
Figure 1.8 Buying Pattern of the respondents of how many pieces they want to buy
Figure 1.8 shows the buying pattern of the respondents. Out of 318 or 98%, 216 or 68%
are willing to buy the 10 pieces per month, 73 or 23% are willing to buy 15 pieces per
V. Packaging
26%
75grams/pc. Php 15
100grams/pc.Php 20
74%
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
15
Figure 1.9 shows the price and packaging of kalabasa burger. Out of 318 or 98%, 236
or 74% are willing to buy 75 grams/pc burger at 15 pesos, 82 or 26% are willing to buy
35%
50grams/serving Php 15
65%75grams/serving Php 20
Figure
1.10
39% shows
15grams/pc. Php 5
61% 20grams/pc. Php 6 price and
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
16
packaging of kalabasa fries. Out of 318 or 98%, 207 or 65% are willing to buy 50
grams/serving fries at 15 pesos, 111 or 35% are willing to buy 75 grams/serving fries at
20 pesos
Figure 1.11 shows price and packaging of kalabasa nuggets. Out of 318 or 98%, 195 or
61% are willing to buy 15 grams/serving fries at 5 pesos, 123 or 39% are willing to buy
30%
70%
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
17
Figure 1.12 shows price and packaging of kalabasa shake. Out of 318 or 98%, 223 or
70% are willing to buy 250 ml shake at 20 pesos, 95 or 30% are willing to buy 500 ml at
30 pesos.
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
18
Competitor’s profile
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College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
19
Burger States, Buko Beach and Bentelog Republic, is a 3 in a 1 food stall located
inside Carlos Hilado Memorial State College – FortuneTowne. They offer different kinds
of food products; some of these are burgers, buko shakes, silogs (viand, fried eggs and
State College Fortune Towne which offers different kinds of burger, drinks and
sandwiches such as hamburger, egg sandwich, ham sandwich, ham and egg sandwich,
hotdog sandwich and many more. They are known for their buy 1 take 1 strategy and
opens 24/7.
grown the Philippines throughout the year and considered to be one of the most
delicious vegetables. It is the most commonly and regularly grown among the cucurbits
due to its rich source of Vitamin A, phosphorous and calcium. Squash thrives well in
tropical climate and is abundant and grown in the Philippines. The increasing demand,
The demand analysis studies how well the respondents reacted to the Kalabasa
Food Snack business and their willingness to buy for a specific price in a specific time
period. The supply analysis means the amount of that commodity which producers are
able and willingness to offer for sale at a given prices. The information gathered will
help determined the number of people as buyers and the quantity of product to be
Based on the results of the survey with the assumption that the sample
represents the population, it is determined that 98% of the respondents are interested
Product
A product needs to be relevant; the users must have an immediate use for it. A
product needs to be functionally able to do what it is supposed to, and do it with a good
quality. A product should be adaptable with trends, time and change in segments, the
product should lend itself to adaptation to make it more relevant and maintain its
revenue stream. Every product is made at a cost and each is sold at a price. The price
that can be charged depends on the market, the quality, the marketing and the segment
that is targeted. Product marketing aims to drive the demand and usage of the product.
Product marketing is the process of bringing a product to market. Since the business to
be establish is a kalabarkada food stand the primary concern is to provide the quality
Price
the method of determining the value a producer will get in the exchange of goods and
services. Simply, pricing method is used to set the price of producer’s offerings relevant
to both the producer and the customer. A common strategy for beginning small
businesses is creating a bargain pricing impression by pricing their product lower than
their competitors. Although this may boost initial sales, low price usually equates to low
quality and this may not be what customers to see in your product. A pricing strategy
takes into account segments, ability to pay, market conditions, competitor actions and
and the resulting price should cover the cost per item and the profit margin. That’s why
we agreed to establish the kalabarkada food stand to provide a healthy yet affordable to
OPTIONS
KALABARKADA P 15 P5 P 15 P 20
Place
Place refers to distribution or the methods and location you use for your products
dictates how it should be distributed. It is how and where the customer buys the
product. Place strategy is about how an organization will distribute their product or
service to the end user. The organization must distribute the product to the user at the
right place at the right time. Efficient and effective distribution is important if the
cleanliness because cleanliness and hygiene is important to ensure goods are not
contaminated or spoilt.
use in their marketing plan. Research is done that details market research,
especially if the brand is already familiar to the consumer. Smaller businesses, with
fewer resources, might use direct selling until they have a larger budget for advertising.
Promotions refer to the entire set of activities, which communicate the product, brand or
service to the user. The marketer must choose which the best form of promotion for the
target audience, so he or she will develop a marketing plan. Sales promotion is a part of
the overall promotion effort. The idea is to make people aware, attract and induce to buy
promotion effort.
In order to promote our products, we prefer to use social media platform like
Facebook. Flyers and posters are also necessary to advertise our products.
People
One of the essential elements of creating a business and marketing the business
product is people. This includes everyone who is involved in the product or service
whether directly or indirectly. The squash multi-product food stand is a partnership type
of business and will be owned and managed by one person. For the business outlets,
the owner may hire people that will be trained to be competent and have enough
expertise in the proper handling of the product and also, of the customers. The outlet
crew will also be provided with their uniforms to look presentable to the customers. The
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
24
business will ensure to have customer-friendly people who are ready to serve and meet,
Process
The squash multi-product food stand delivers its products to the customers in a
simple and very convenient way. Customers can go directly to the nearest squash multi-
product food stand and choose their order at the given menu book (or tarpaulin)? that
shows the product, individually or in bundles, and their corresponding prices. A crew will
take and process their orders. The preparation of their orders will be visible and
transparent to the customers. The customers are also free to choose of what kind of dip
and flavorings they want to add to their chosen product. The crew will take their
payment and the customers will have to wait for a couple of minutes for the completion
of their order.
The production process takes place on a different location. Once the products
Physical Evidence
Since customers are now more patronizing products and shops that already
looks good and appealing, the physical evidence of the business is really important and
may determine how successful a business could be in the future. It refers to the physical
environment, ambience, spatial layout and the corporate branding or the signs, symbols
and artefacts of the business. The food stand that is built out of wood, painted and
designed according to the proponents liking, is located in a place convenient for the
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
25
customers to visit. Tables and chairs are also provided to make customers comfortable
while having their snacks. Tools and equipment used in the preparation of the products
are placed in an appropriate location that makes the crew do his/her work a little bit
easier. Products, ingredients and other flavorings are placed in a clean and sanitized
container. The management and maintenance of the food stand will be ensured by the
Before making the product, the production crew are strictly mandated to observe
proper hygiene and sanitation such as washing their hands, wearing hairnets and using
gloves. The stall crew must also observe proper hygiene especially when facing with the
customers and also they are obliged to practice courtesy when communicating and
Market Analysis
The squash multi-product food stand is a business that aims to provide healthy
and good yet affordable products such as nuggets, patties, fries and shake. It is a
unique and innovative business that suits the taste of different ages. In order to provide
the customers excellent services and products, the business needs to fully understand
the different factors that may affect the performance of the business and the preference
threats in order to create value through maintaining good customer relationships and
preference and the survey was conducted manually. A total of 323 respondents were
chosen as part of the sample representing the target market population. The
SWOT Analysis
Strengths Weaknesses
The primary target market of the Kalabarkada is the students of CHMSC Fortune
Towne for the reason that the stall is located inside the campus. Though there are lean
seasons such as summer vacation, Christmas break and semester break, the business
The researchers choose the whole population of CHMSC as the primary target
market of the business. We choose this target market since the food stall is located
inside the campus and we are also offering products that are new to everybody, very
MANAGEMENT ASPECT
stall/processing business. This chapter contains the objectives of the study, the vision
and mission of the business and its goals and objectives, form of the business
management policies, rules and regulations and management control system of the
business.
1. Find out the market acceptability in terms of quality, price, packaging, branding,
2. Determine the present demand and supply and formulate five-year projection,
Vision: To become a leading and efficient food stall of Kalabasa snacks with a
The following goals and objectives are created as guide for the success of the
Goals: To be able to generate a higher business income for the succeeding year and to
Bacolod City.
Objective:
years not only in CHMSC FT but on the different parts of Bacolod City.
The owner and manager of the business will be Alyssa Marie Franco, currently
residing at BM Compound, Brgy. Taculing, Bacolod City. The said business will be
Sole Proprietorship is a business that legally has no separate existence from its
owner. It is an incorporate business with a single owner who pays personal income tax
on profit earned from the business. It is the simplest business to set up or take part. In a
sole proprietorship, the manager is the boss and also the owner. He has the total
control over in all aspects of the operation of the business. The owner has the authority
and has a power to decide on what products to sell and its corresponding price.
Income and losses are taxed on the individual personal income tax return. The
income of the business directly flows to the owner of the business. She is free from tax
deduction. DTI is the one taking part in the registration of single proprietorship.
Organizational Structure
Manager/Owner
Bookeeper
Production Crew
Stall Crew (1)
(2)
Figure 3. Organizational Structure
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
31
The chart shows the organizational structure of the business from the highest
down to the lowest possible position. The top-most position will be the owner who acts
as the manager also. The manager/owner is the one responsible to lead, plan and
monitor the business, evaluate employee performance, create and implement the
business rules and policies and ensures productivity standard. He is also responsible
for hiring qualified employees and firing incompetent employees, payroll functions, and
tracking vacation days and time off. He is also expected to have an outstanding
communication skill and a clear judgment of situations he may face during business
with customers. This is also to improve workplace relationship. And lastly, the
their vision, mission and goals. The manager is in his position to lead and to ensure the
The stall crew is the one responsible in selling the products the stall location. He
is expected to provide customers a satisfying service during their duty time. The stall
crew are required to look presentable and neat to maintain the hygiene of the business.
They are the one cooking the orders of the customers. They also provide information
regarding product availability, ingredients and nutritional information. Stall crew are
assigned to maintain outlook of store, restocking shelves, cleaning, and sweeping the
floor as required. They should also have a proper training of proper handling and
the products being sold. They perform production duties such as manual lifting,
packaging, taping, labelling and sorting using hands. They are also expected to report
possible. They also maintain the work area and equipment in a clean and orderly
condition and follow prescribed food safety regulations to ensure the safety of
customers and to follow the proper grooming standards. The production crew perform
The bookeeper is the one to audit and check the financial statement of the
business.
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College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
33
LOGO
No. of Monthly
Rate Hours Annual Salary
employees Payment
Production
365.00 8 hrs/day 4,380.00 35,040.00
Crew #1
Production
365.00 8 hrs/day 4,380.00 35,040.00
Crew #2
13th
H Pay
P6,400.0
Manager/Owner P345.20 P100.00 P137.50
0
Stall Crew 327.00 100.00 137.50 5,840.00
Production Crew #1 163.50 87.60 137.50 2,920.00
Production Crew #2 163.50 87.60 137.50 2,920.00
MONTHLY TOTAL P999.20 P375.20 P550.00 P1,924.40
P7,993.6 P15,395.2
ANNUAL TOTAL P3,001.60 P4,400.00
0 0
Table 1.1 shows the benefits of the employees. Both the employees and the
employer have a contribution for the benefits that would be received by the employees
of the company. There will be Social Security System or SSS, PAG-IBIG, PHILHEALTH
and the 13th month pay. For the SSS and PAG-IBIG, it has a bracket for a certain
salary is multiplied by 2.75% and has a bracket for a certain amount which is
MANPOWER REQUIREMENTS
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College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
37
Every business requires a leader which represented by an owner or manager. It
In this type of business, two (2) production crew will be employed for the
production of Kalabarkada Snack Station. Also, one (1) stall crew to get the customer’s
order. One bookeeper, an outsource employee to keep the financial record of the
business. He/she will receive compensation every time he/she audits the financial
Kalabarkada Snack Station has its own policies, rules and regulation. When employees
follow procedures, they perform tasks correctly and provide consistent customer
services. This enhances the quality of the organization’s product and services and it
Obeying rules that govern employees conduct make the workplace a more pleasant and
enjoyable environment. In case the employees violate the policies, rules and regulation,
Mondays to Saturday and 8:00 AM to 12:00 Noon with one (1) hour lunch break
3. Employee should come to the Food stall 30 minutes before the store opens.
5. Employee must perform assigned task with honesty, determined, and willingness
6. Employee should be in their proper uniform and they should be well groomed.
7. In the production site, two (2) employees are obliged to come 9:00 AM to 6;00
PM, with one (1) hour lunch break and no day off.
schedule.
10. Frequent tardiness (2 times) is equivalent to one (1) day absence and shall be
11. The store will adapt the perpetual inventory system and that First In, First Out
6. Employees can avail privileges and fringe benefits, such as SSS, PhilHealth, and
Pag-ibig.
On Leave Matter
1. Employees are not allowed to exceed the number of days of their leave.
2. Vacation leave has a minimum of 3 days and a maximum of 5 days with pay, plus
5. Paternal leave has a maximum of 1 month and need to pass a birth certificate of
his children.
offense.
leave)
Penalty
human, physical, financial and also the organization as a whole considering the
systems that managers use to ensure that their employee’s decisions and behaviors are
system. He argued that MCS is an integrated system and needs to assess organization
from every angle therefore controlling organization act or behavior from accounting or
managing aspect cannot obtain a comprehensive system. The logbook is where time in
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
41
and time out is recorded by employees in the store. The employees would break in or
break out in order employees to be monitored. This also serves as the basis of
employees’ performance.
acknowledge the payslip of the employees work performance and to add the additional
Salaries and wages will be based on the virtue of authority vested under the
The employees will be evaluated by the manager as to their performance every month.
Questions 5 4 3 2 1
1. Is he able to meet the goals on time and work
efficiently?
2. Is he able to communicate effectively at work?
3. Is he a good team member and work well with
others?
4. Can he handle pressure of work?
5. Is he able to set high goals for himself?
CARLOS HILADO MEMORIAL STATE COLLEGE
College of Business, Management and Accountancy
Fortune Towne Campus, Bacolod City
42
6. Does he have a good relationship with the
clients?
7. Is he able to manage and organizes his work
successfully?
An employee who can garner an excellent result in the overall tabulation will be
If in case the company will hire contractual employees the renewal of their contract will
The products will be evaluated by the customers as to their satisfaction with the
service and the product. Below is a sample form to be filled in by the customer.