Socio-Economic Aspect

Introduction

Conducting a business is not just all about the business. Considering its responsibilities, being a part of
the society, is important as well.

This will provide the effects to people directly affected by the business. Discussed here are the
perspectives regarding how the business can enhance the standards of living of the community where
the project is located and to the Filipino people as a whole contribute ease to the daily living of the
drivers that will be hired, students, workers, residents and/or the whole community where the business
is expected to operate.

In any business undertakings, management should also consider not only its financial empowerment but
also its responsibility as part of Philippine society. The study must indicate whether the project is to
operate and earn according to the vision and mission of the government in the realization of the
governments thrust in the present time. This must indicate whether the project will:

a. Enhance the standards of living of the community where the project is located and to the
Filipino people as a whole
b. Help preserve the environment
c. Help the nation in the form of taxes payment
d. Give the societys needs