CHAPTER I

INTRODUCTION

This feasibility study contain comprehensive and detail information about Taro product. Determine the possibility, feasibility, viability and profitability of the existing product in Mamburao, Occidental Mindoro.

A. Brief History of the Project

Taro is a common name for the corms and tuber of several plants in the family Araceae. It is a widely cultivated Asian plant or called Colocasia esculenta having broad peltate leaves. Anoter variety of taro is called Eddoe. Taro is native to Southeast Asia. It is perennial, tropical plant primarily grown as a root vegetable for its edible starchy corm, and as a leaf vegetable and is considered staple in African, Oceanic and Asian cultures. It is believed to have been one of the earliest cultivated plants. Colocasia is thought to have originated in the Indo-Malayan region, perhaps in eastern India and Bangladesh, and spread eastward into Southeast Asia, Eastern Asia, and the Pacific Islands; westward to Egypt and the eastern Mediterranean; and then southward and westward from there into East Africa and West Africa, hence it spread to the Caribbean and Americans. It is known by many local names and often referred to as elephant ears when grown as ornamental plants. In ilocanoes people its called Aba. In visayan people its called gabi and in tagalong people it called also gabi or taro.

This chapter of feasibility study entitled MJRJ Taro Product located in Rizal Street, Brgy. 7 Mamburao, Occidental Mindoro. The partners should have a legal agreement that sets forth in term of decision making, profits shared and outcome of the business operation.

B. Objectives of the Study

General Objectives
The general objective of the study is to determine the feasibility, viability and profitability of Taro product in Mamburao, Occidental Mindoro.

Specific for Objectives

1. To make a new product to contribute in our government in term of economics.
2. To provide quality product.
3. To provide employment.
4. To earn profits.

C. Socio-Economic Desirability
The proposed project show who will be benefit from its establishment.

OWNERS
Owners of the proposed project will benefit in term of the profit of the business. Through this, there is an opportunity to enlarge business in the future.

GOVERNMENT
Government will benefit in the proposed project supporting them by paying taxes and performing other function.

WORKERS
The workers will benefit in proposed project in term of jobs and salaries.

http://en.wikipedia.org/wiki/feasibility_study
http://en.wikipedia.org/wiki/Taro

D. Sources of Data

The possible sources of data that will be used are:

Internet
The American Heritage Dictionary
Encyclopedia
Survey
Interview
Own ideas

E. Definition of Terms

To clearer understanding the terms used in the study are enumerated as follow:
1. TARO a widely cultivated tropical Asian plant having broad peltate leaves and a large starchy edible plant. Where in our country its called gabi.
2. Araceae it is a kind of flowering plants wich the flower borne where taro belong on this species.
3. Eddoe it is a tropical vegetable, closely related to taro.
4. Corm (or bulbo-tuber) is a short, vertical, swollen underground plant stem that serves as a storage organ used by plants to survive winter or other adverse conditions.
5. Colosia esculenta- is a tropical plant grown primarily for its edible corms. It is believed to be one of the eraliest cultivated plants.

http://www.thefreedictionary.com/taro
http://en.wikipedia.org/wiki.corm
http://en.wikipedia.org/wiki/Araceae
http://en.wikipedia.org/wiki/Colocasia_esculenta
http://en.wikipedia.org/wiki/Eddoe