Professional Documents
Culture Documents
Here in Camarines Norte, the most in demand or most popular product is coconut. We
can make a variety of products through the use of coconut. Some of these are copra, charcoal and
oil. But as of today, the most in demand product that coconut can produce is copra. There are
many comprade choose to buy copra because it is an easy money business. Even if you have a
small amount of capital to start with, you will slowly regain the money you used and maybe the
return will also be much better than you expected. Also in this kind of business, you only have to
know how to deal with other people and also trust, it will help your business to have a good
image and also you as the owner. It will help you to make your business gain profit and
Copra or dried coconut is one of the biggest and popular products here in Camarines
Norte. As you can see here in our province we have plenty of Copra buyer and dealer
establishments. The owner observes that even you are only putting a small amount of money or
capital in the business itself it will become successful because those kind of product is in
demand. Another reason of the owner on why he started this business is that he wants to have his
family a good life in the present and in the future. The owner put up his business in Talobatib
because he figured out that this place is the center location, because places like Paracale,
Panganiban and Labo stopped in this place when they have some raw material. For instance he
has the more opportunity to buy and help those coconuts owners and he can deal deliver more
Business Goal
We all know that every business has its own goal or man objective in the beginning that
they want to attain and aim at the end of the period. The following are the main goals and
good and in the right manner. He always remembers that being honest to his customers result for
their trust on him. He believes that his business will not be always in a good condition, there are
also times that it can go down and did not do well but as long as he or we will still honest and
have the spirit to move forward its business will not fall down and can be successful.
Problems won’t be excluded when we talk about business. One of the problems that can
be encountered in Copra business is its lower price or demand. Not all this kind of business is
stable and good all the time, it may come on your way no matter what you do. For this kind of
business, its problems can’t just solve right away, the owner itself should wait and keep his
money in a good way. Trust is one of the key when we deal with people so he must stick to it
Competition or Competitors
Based on what Mr. Pardo said, there are no competitions in this kind of business and also
there’s no such competitor. Business like this only requires great socialization skills and of
course closure to persons who are involve. The progress of the business depends to the owner
itself on how he or she manage and cooperate to its people because based on our interview, your
business will grow when you deal with the persons involve in an appropriate and nice way.
MARKETING ASPECTS
This business is not suitable for a very young age. The province of Camarines Norte are
rich in coconut trees. Most of the people enjoy collecting and harvesting coconut. Copra is one of
the product that in demand for this crops and sometimes the price per kilo are high so the
tendency of the trader. They will go to the nearest comprador or purchaser to sell their products
because when it comes to this product, many people are willing to trade because the amount of
Market Segmentation
There is no such separation needed in the business of Mr. Pardo but sometimes yes when
there are customers who trade their coconut and charcoal. Copra’s are not categorized based on
Marketing Strategy
The owner had no such strategy to promote his business. He just said that dealing and
cooperating to the people around him and also the customers with a nice and appropriate manner,
they will trust you and sell their products to you intentionally. Because being a business owner
The business fulfils the needs of the customers by giving them the right and exact amount of
money from the product they trade. In terms of paying the traders, the money must be exact so
that they feel comfortable and safe when they want to trade again.
TECHNICAL ASPECTS
REFLECTION
Problem Encountered
The interviewer doesn’t have any problem and issue when they conduct their interview
because the owner of the business is the father of one of their member which is Mr. Dionisio
Pardo. We only have some problem on deciding what kind of business we should study, ask and
interview.
Lesson Learned
We’ve learned that not all businesses start with a high investment and big amount of
money just like Mr. Pardo, the only important key in this kind of business is the trust of people
around you. The term Copra is not so popular and known for as students because some of us
thought that it is just only a simple kind of business but after we conducted this interview our
mind becomes aware of what is the true essence and used of Copra which is Copra a high
demand in our province and other places and it can also be used for other purposes that can give
some benefits like oil. When we talk and discuss about Copra business we should be prepare and
have connections to others because it is not easy to start a business if we only rely on ourselves,
we should also ask for help and opinion of other business owner that is related to your business
While we are conducting the interview with the business owner, we noticed that he is
calm, polite and easy-to-talk person and that is what we think why those people around him like
his employees and other business owner giving their trust on him.