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Detailed FINAL PAPER FORMAT
Detailed FINAL PAPER FORMAT
The Perception of Consumers towards the Use of Social Media as a Primary Venue for
Business Transaction
Submitted by:
ABM 12 - 09
GROUP 8
Masicampo, Daina
Maristela, Janine
Manalo, John Myter
Submitted to:
Completion:
“The Perception of Consumers towards the Use of Social Media as a Primary Venue for
Business Transaction”
Prepared and submitted by Daryl Joshua Maypa, Daina Masicampo, Natalie Claire Marron,
Ivan Khyle Milagrosa, Janine Maristela, John Myter Manalo in partial fulfilment of the
requirements of Accountancy, Business Management in Inquiries, Investigation and
Immersion.
___________________________________________
Ms. Mylen C. Basco
ACADEMIC ADVISER
Approved by the committee on Final Defense with a grade of PASSED on February 13,
2018.
___________________________________________
Name of Chair of Panel
CHAIR
________________________________ _______________________________
Name of Panel Member 1 Name of Panel Member 2
MEMBER MEMBER
________________________________
Mr. Holden Kenneth G. Alcazaren
Research Coordinator, Basic Education Department
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ACKNOWLEDGEMENT anywhere on the page, just drag it.]
First of all, we would like to express our special thanks of gratitude to our adviser Ms.
Mylen Basco as well as the other teachers who gave us the golden opportunity to do this
wonderful project on our topic “The Perception of Consumers towards The Use of Social
Media as a Primary Venue for Business Transaction”. Which also helped us in doing a lot of
research which is connected in our strand ABM or accountancy and business management
and we came to know about so many new things and we are really thankful to them.
Secondly, we would also like to thank our parents and friends who helped us in finalizing this
project within the limited time period. Lastly, we also would like to thank the participants of
The research study is intended to help sellers to know what are the insights of the
consumers in buying using social media. The study had different sources of information that
were stated in Review of Related Literature. This included online sources and studies. The
researchers used this information as references to make the research study more valid. The
study used the quantitative type of research that enables the researcher to investigate a larger
group of people and also to show the people's opinion, insights and preference on the usage
of social media as the venue for business transactions. Several hypothesis can only be proven
through the process of conducting a survey through a large scale of people. The respondents
of the research were sampled among the population of the students from the University of
Perpetual Helps System Dalta-Molino Campus. There were total of thirty (30) respondents
who answered our survey questions by simply answering agree and disagree. The researcher
also decided to use the questionnaires that consist of series of questions and other prompts
for the purpose of gathering information from the respondents. After gathering all the
feedback from the respondents, the researchers created a tally of results in a pie graph form
that is interpreted in the data presentation analysis and interpretation. At the end of the study,
the researchers proved that the perception of the consumers towards the use of social media
as a primary venue for business transaction is a very effective in terms of buying and selling
items. It is very efficient and can conserve a lot of time, energy and effort.
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TABLE OF CONTENTS
TITLE PAGE.........................................................................................................................................i
APPROVAL SHEET.............................................................................................................................ii
ACKNOWLEDGEMENT...................................................................................................................iii
ABSTRACT.........................................................................................................................................iv
TABLE OF CONTENTS......................................................................................................................v
LIST OF TABLES................................................................................................................................vi
LIST OF FIGURES.............................................................................................................................vii
DISCLAIMER...................................................................................................................................viii
CHAPTER 1: THE PROBLEM AND REVIEW OF RELATED LITERATURE
Background of the Study....................................................................................................................1-2
Review of Related Literature.............................................................................................................2-8
Theoretical Framework....................................................................................................................8-10
Conceptual Framework..................................................................................................................10-11
Research Questions.............................................................................................................................11
Significance of the Study...............................................................................................................11-12
Scope and Limitation..........................................................................................................................12
Definition of Terms.............................................................................................................................13
CHAPTER 2: METHODOLOGY
Research Design..................................................................................................................................14
Setting.................................................................................................................................................14
Participants..........................................................................................................................................15
Data Collection....................................................................................................................................15
Research Instrument............................................................................................................................15
Data Analysis......................................................................................................................................16
CHAPTER 3: RESULTS AND DISCUSSION...........................................................................17-21
CHAPTER 4: SUMMARY AND CONCLUSIONS AND RECOMMENDATIONS
Conclusion.................................................................................................................................... 22-24
Recommendation.................................................................................................................................24
References..................................................................................................................................... 25-28
Appendices.....................................................................................................................................29-32
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LIST OF TABLES
Table 1.................................................................................................................................................19
Table 2.................................................................................................................................................20
Table 3...........................................................................................................................................20-21
Table 4.................................................................................................................................................21
Table 5.................................................................................................................................................22
Table 6.................................................................................................................................................23
Table 7.................................................................................................................................................24
Table 8.................................................................................................................................................25
Table 9.................................................................................................................................................26
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LIST OF FIGURES
Figure 1...............................................................................................................................................19
Figure 2...............................................................................................................................................20
Figure 3...............................................................................................................................................21
Figure 4...............................................................................................................................................22
Figure 5...............................................................................................................................................23
Figure 6...............................................................................................................................................24
Figure 7...............................................................................................................................................25
Figure 8...............................................................................................................................................26
Figure 9...............................................................................................................................................27
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DISCLAIMER
The statement which is used in this research paper is solely for internal use, for
evaluation and research purposes only. This information shall not be disclosed, duplicated,
used in whole or in part, for any other reason what so ever. This study has been approved and
accepted by the panel of reviewers. It was also made by the product of hard work of the
researchers. Thus, every part of this paper has proper citation and approval from the authors.
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CHAPTER 1: THE PROBLEM AND REVIEW OF RELATED anywhere on the page, just drag it.]
LITERATURE
Internet marketing is conceptually different from other marketing channels and internet
promotes a one to one communication between the seller and the end user with round the
clock customer service. Today, business internet marketing is the fastest growing segment of
online commerce. The major difference between traditional and online selling is the extent of
interaction between the consumer and the seller. There is much more electronic interactivity
with the consumer in the form of emails and FAQs. Through FAQs, the consumer’s
questions on shipment, payment, product, policies and other customer concerns can be
addressed effectively. Increasing numbers of people are gravitating towards more intensive
use of the Internet as the accessibility of technology, the availability of information, and the
ability to interact through the Internet increase and evolve. Obvious capabilities of the
service. These advances in Internet technology allow for the expansion of shopping options
beyond traditional methods that may be more time consuming. Issues with having to
physically gather information with offline shopping methods are alleviated, and customers
are better able to efficiently use their time. For instance, instead of having to physically visit
able to search and retrieve needed information through the Internet. The Internet explosion
has opened the doors to a new electronic world. Consumers are now able to use the Internet
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for a variety of purposes such as research, communication, online point. To place this text box
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banking, and even shopping. With such advantages, the Internet is
conveniently. With a growing number of households turning towards the Internet and the
world of e-commerce to shop, invest, make payments, and do online banking, new
technological advancements will have to come about to make these transactions secure.
However, not all consumers are participating in online transactions as part of the Internet
boom. As more and more businesses continue to establish an online presence, they are
finding that some consumers are still reluctant to shift in that same direction. For various
consumers there are still concerns with security and passing personal data over the Internet.
According to Palmer & Koenig-Lewis (2009), research by Forrester has indicated that
audience and attention is shifting to online channels as 52 percent of Europeans are generally
online at home. Around 36 percent of European internet users watch less TV, 28 percent have
reduced their newspaper reading and 17 percent have diminished listening to the radio since
going online.
According to Hanafizadeh & Behboudi (2012), as a result the conventional print and
broadcast media have faced major challenges in recent years, with many newspapers facing
closure and television channels suffering loss in revenue. An important effect of this
enabler for facilitating knowledge sharing behavior among organizational members and
According to Kent & Taylor (2002), presented that public relations could enhance
According to Blackshaw & Nazzaro (2004), have beautifully defined social media in the
beginning of the era of social media, as the new source of online information, where the
information itself is – created, initiated, circulated and used by consumers for the purpose of
educating each other about products, brands, services, personalities and issues.
According to Baruah (2012), the way of communication has changed with the evolution
of social media, and every business irrespective of its size has a presence on social media.
This review examines current literature on social media and social media marketing. Internet
has contributed 41.7% per year for the national economy and it will rise even further over the
next 3 years (Get Malaysian Online, 2015). Social media comes in many forms and the eight
most popular are, Blogs, Microblogs, Social Networks, Media-Sharing Sites, Social
Bookmarking and selection Sites, analysis Sites, forum and effective Worlds. Marketing
communication using social media such as Twitter, Facebook, and YouTube has already been
evaluated as business take-off tools for luxury fashion brands. Traditional designer houses
such as Louis Vuitton provide live broadcasting fashion shows on their blogs. Ralph Lauren,
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Chanel, Donna Karan, and Gucci have worked with Apple to create point. To place this text box
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iPhone applications (Kim & Ko, 2012).
channel is news to many companies and organizations. Hence, when social media developed
in accordance with a company’s overall strategic objectives, a smaller firm not only needs the
ability to communicate its message to its target audience, but also the ability to begin to
communicated at all points of contact between the marketers and the consumer (Castronovo
environment, firms must begin to plan for synergy among various communication and media
outlet. Social media also gives important role for travelling firms.
According to Zheng Xianga (2010), due to the huge amount of information available,
searching has become an increasingly dominant mode in travelers’ use of the Internet. On one
content (CGC) such as blogs, virtual communities, wikis, social networks, collaborative
tagging, and media files shared on sites like YouTube and Flickr, have gained substantial
An Iranian perspective. The results showed that Iranian users have not confronted any risky
found one of the major reasons of not shopping online is security issues. And the study
concluded that many online shoppers are less satisfied with website design.
Purchasing Behavior. Analyzed that writers have concluded that mostly students buy books,
cloths, travel bookings and computer hardware’s. Also the website quality and purchase
Jordan: Opportunities and Challenges. The Security of online users is important factor that
stops the willingness of online purchasers. And also the study concluded that the higher the
According to Sarigiannidis & Kesidou (2009). Consumer characteristics and their effect
on accepting online shopping, in context of different product types. The product involvement
positively affects consumers to shop online. And It is concluded that privacy have no effect
C. Theoretical Framework
The theoretical framework that we used in our study is the Five Stage Model that was
initially proposed by Cox et al. (1983) and it is considered to be one of the most common
models of consumer decision making process and it involves five various stages. These
stages are: recognition of need or problem, information search, comparing the alternatives,
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purchase and post-purchase evaluation. This simple model clearly point. To place this text box
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illustrates and explains how the consumers make a purchasing
decision. The first stage is the problem recognition which starts with the perception of need
and moves towards information search where consumer uses internal and external sources to
analyze given information and use that information in the next step of evaluation of
alternatives. While evaluating alternatives one assessing values of the products by giving
weights. After evaluation of alternatives consumers move towards purchase decision where
they may encounter three possibilities, from whom to buy, when to buy and do not buy. Once
they have actually made the purchase now it comes to post purchase behavior, whether they
D. Conceptual Framework
and attitude towards online shopping in the University of Perpetual Help System Dalta-
E. Research Questions
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1.) What are the things that satisfies a consumer in using social point. To place this text box
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media as a venue for business transaction?
3.) What are the efficiency of having social media in terms of business?
This study could help sellers to know the insights of the consumers in using the social
media as a venue for business transaction. It can also identify the advantages and
engaging with the social media as their venue for business transactions. And the goal of the
study is to show how big is the factor that social media could give to a seller that will use
social media for selling. Moreover this study will identify how many are the consumers who
This study was conducted to identify the perception of consumers in the University of
Perpetual Help System Dalta-Molino Campus located in Bacoor, Cavite towards the use of
current social media as a primary venue for business transaction. The aspects were looked
into were the effectiveness of social media, the perception of consumers and the satisfaction
rate of it.
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H. Definition of Terms point. To place this text box
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Consumers - is the one who pays something to consume goods and services
produced. As such, consumers play a vital role in the economic system of a nation.
Sellers - is an individual or entity that exchanges any type of good or service in return
for payment.
the senses.
Social Media - websites and applications that enable users to create and share content
Venue - the place where something happens, especially an organized event such as a
CHAPTER 2: METHODOLOGY
A. Research Design
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The researchers will use quantitative research design. By point. To place this text box
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using this method researchers will be able to show the people's
opinion, insights and preference on the usage of social media as the venue for business
transactions. This research design is dealing with a numerical data and it will determine the
rate or the standings. To use this method, the researchers will conduct an interview or surveys
for some participants that will be going to cooperate for the research. And the results will be
B. Setting
The research will be conducted in our same exact location in the University of
Perpetual Help System Dalta-Molino Campus located in Bacoor, Cavite through online
survey because it is more convenient for the researchers and also an advantage for them
because they know more people who uses social media as a primary venue for business
transactions.
C. Participants
The target participants of our study are those people who use social media for
business transactions. There will be no age and gender requirements. Researchers will make
an online survey where some people will be asked online in order to know their perceptions
D. Data Collection
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The researchers will use an online survey for the point. To place this text box
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participants as a method for collecting the data and information that
is needed. The survey questionnaire will consist some series of questions where participants
could answer accurately and by that, we could get the exact answer that we wanted to know.
Moreover, by the end of online survey, researchers will gather all the feedbacks and will use
it as a basis.
E. Research Instrument
The research instrument that we used is online survey questionnaire that has
dichotomous questions. It will become more convenient for the researchers to use this kind of
questionnaire, it will easily evaluate the data that is needed to be gathered. We used
dichotomous questions because we could get answers that is direct to the point.
F. Data Analysis
In our study, we used the measure of central tendency method in getting the average
rate and we also used pie graphs and tables in presenting the data that we gathered. We
noticed that all of the participants are in favor on the use of social media as a primary venue
for business transaction because buying online is faster, time consuming, and easier to find
the item that you want. In short it makes buying and selling items easier. Also the majority of
our respondents answered it is efficient and effective in a way that it consumes less time, also
it can save the consumers' energy. Because of its effect, consumers can communicate
multiple sellers at the same time to ensure that they find the highest quality of product the
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market can offer without consuming much of their time. Consumers point. To place this text box
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prefers this because they can buy without leaving his/her house.
With the help of social media, consumers can look for the product they desire while just lying
on the bed. How? Facebook's buy and sell groups, instagram posts, and etc. The thing that
satisfies the consumers the most is that social media was so efficient and effective that
As we conducted our online survey in the University of Perpetual Help System Dalta-
Demographics
Female 20
Male 10
Total 30
Disagree 6 20%
Total 30 100%
Out of 30 respondents, 80% of them agreed that the information given about the product
on the site is sufficient while the 20% of the respondents disagreed. So it’s safe to say that the
Agree 28 93%
Disagree 2 7%
Total 30 100%
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Out of 30 respondents, 93% of them agreed that shopping online through social media
saves time while 7% of the respondents disagreed. Social media-based isn’t time consuming,
Agree 28 93%
Disagree 2 7%
Total 30 100%
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Out of 30 respondents, 93% of them agreed that social media persuades consumers to
buy/shop online while 7% of the respondents disagreed. Social media persuades consumers
4. Social media gives low value in a product that is a trend in the market.
Agree 18 60%
Disagree 12 40%
Total 30 100%
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Out of 30 respondents, 60% of them agreed that social media give low value in a product
that is a trend in the market while 40% of the respondents disagreed. This time around it’s
pretty balanced, it’s not one sided as the first 3 questions meaning that sometimes social
media really do give low value in a product that is a current trend in the market.
73%
Disagree 8 27%
Total 30 100%
Out of 30 respondents, 73% of them agreed that social media is one of the easiest ways
on making a business transaction while 27% of the respondents disagreed. Social media-
based business transaction is really convenient in a way that it i5s not difficult to interact
Agree 26 87%
Disagree 4 13%
Total 30 100%
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Out of 30 respondents, 87% of them agreed that social media is influential when it comes
to buying and selling while 13% of the respondents disagreed. Social media is so influential
in business that companies are using social media to promote their product.
7. Social media helps consumers to have a clear conversation with the sellers.
Agree 17 57%
Disagree 13 43%
Total 30 100%
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Out of 30 respondents, 57% of them agreed that social media helps consumers to have a
clear conversation with the sellers while 43% of the respondents disagreed. Since social
media-based transactions is easy, it also means that the two parties involved in the
Agree 27 90%
Disagree 3 10%
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Total 30 point. To place this text box
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100%
Out of 30 respondents, 90% of them agreed that social media can be a great way to
advertise a business while 10% of the respondents disagreed. Since social media is so
influential, businesses also use social media in order for their product to gain popularity and
So, therefore, we conclude that based on the consumers, social media-based business
transaction, is time-saving, easy, convenient and less-energy consuming. Social media also
gives the necessary product information that makes the consumers well-informed for their
desired product, heavily influences the market, persuades consumers to do online business
transaction, and advertise and promotes the product to boost its popularity. The consumer’s
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perception on online shopping varies from individual to individual point. To place this text box
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and the perception is limited to a certain extent with the availability
of the proper connectivity and the exposure to the online shopping. The study reveals that
mostly the youngsters are attached to the online shopping and hence the elder people don’t
use online shopping much as compared to the younger ones. The study also reveals that the
price of the products have the most influencing factor on online purchase. The study
highlights on the easy navigation and access on the internet with people liking for easy to
access the online shopping and to be more convenient. Transformation in the trends of
shopping is occurring because of the changing lifestyle of the consumers and expansion in
online activity. Understanding the online shoppers enable the online retailers to develop
suitable marketing strategy in order to attract and convert potential customer as an active
customers.
It’s better to avoid making purchases on a recently created website. If you have any doubt
about the origin of the website, go to the "About Us" section or the imprint of the
website. Also search for the customer reviews about the service or website.
terms and conditions that apply for the return, exchange or refund of a product.
Shipping
The shipping conditions and delays must be clearly advertised on the product. Make sure
The Product
If you need information on the characteristics of the product, visit the manufacturer’s
Compare prices
Some sites promise cheaper prices so do not hesitate to compare with other websites for
Make sure that the site provides a secure payment system whether it is on a credit card or
cash on delivery.
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Appendices:
References:
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Delafrooz, N., Paim L., Khatibi, H., Sidin, S. and Ali. (2009 April). point. To place this text box
anywhere on the page, just drag it.]
Factors affecting students' attitude toward online shopping.
Retrieved from
http://www.academicjournals.org/journal/AJBM/article-full-text-pdf/9C92C4B16304
Hanafizadeh, P., Ravasan, A.Z., Nabavi, A., Merabioun, M. (2012 February). A Literature
https://www.researchgate.net/publication/236152792_A_Literature_Review_on_the_Busines
s_Impacts_of_Social_Network_Sites
Khan, M., and Dr. Jan, A. (2015 November). Social Media and Social Media Marketing: A
Literature Review. Vol. 17, Issue: 11. Ver. 1, PP 12-15. Retrieved from
http://www.iosrjournals.org/iosr-jbm/papers/Vol17-issue11/Version-1/C0171111215.pdf
Musa, H., Azmi, F.R., Rahim, N.A., Shibghatulla, A.S., and Othman, N.A. (2016). Analyzing
http://www.futureacademy.org.uk/files/images/upload/ISSC%202016%201.pdf
Shwu-Ing Wu (2003). The relationship between consumer characteristic and attitude toward
online shopping. Marketing Intelligence and Planning, Vol. 21 Issue: 1, Pp 37-44. Retrieved
from
http://ir.lib.ncut.edu.tw/bitstream/987654321/1733/1/%C3%A5%20%C2%B3%C3%A6%C2
%B7%E2%80%98%C3%A9%C2%B6%C2%AF%20J7.pdf
Vinz, S. (2015 October 14). Sample Theoretical Framework of a dissertation. Retrieved from
https://www.scribbr.com/dissertation/sample-theoretical-framework-of-a-dissertation/
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Muhammad Umar Sultan and MD Nasir (2011). Consumers point. To place this text box
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Attitude towards Online Shopping. Retrieved from
https://uu.diva-portal.org/smash/get/diva2:420724/FULLTEXT01.pdf
1. Letter to do research (the one you submitted to R&DC and was given back to you)
2. Blank questionnaire
3. Proofs of validation
4. Copy of transcripts (for quali only)