EFFECTS OF COVID-19 TO MICROBUSINESSES: MILKTEA COMPANIES

VILLANUEVA, JEORLINE S.

RASONABE, ABEGAIL M.

BELEN, SHEILA MAE T.

DORADO, JOYZEL A.

PUYAWAN, ANJELLETE KAYE

JAMILAR, BERNADETTE M.

SILVA, KAREN MAY S.

REYES, RECELINE A.

A research presented to the Department of Accountancy and

entrepreneurship

In Partial Fulfillment of the subject requirements for Accounting Research

February, 2021

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 APPROVAL SHEET

This thesis entitled “EFFECTS OF COVID-19 TO MICROBUSINESSES:

MILKTEA COMPANIES” prepared and submitted by Abegail M. Rasonabe,

Anjelette Kaye Puyawan, Bernadette M. Jamilar, Jeorline S. Villanueva, Joyzel A.

Dorado, Karen May S. Silva, Receline A. Reyes and Sheila May T. Belen in the

fulfillment of the requirement for Accountancy Research has been examined and

is recommended for acceptance and approval for Final Defense.

JOHN NELSON TICZON

Adviser

PANEL OF EXAMINERS

Approved and accepted by the Committee on Final Defense

Mr. Herbert Ticzon Mrs. Kristin Corcega Mrs. Vivian M. Asacta, CPA

Panel Panel Panel

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 ACKNOWLEDGMENTS

The researchers wants to express their genuine appreciation and

wholehearted gratitude to all persons who helped them in the successful

completion of this study, most especially to the following persons:

Mr. John Nelson Ticzon, research adviser, for his untiring effort in

checking and editing, his incomparable support, valuable assistance and

encouragement, for his kindness, patience and guidance for the improvement of

this study;

To researchers colleague, family and to those people who have willingly

helped the researchers out with their abilities;

To the respondents of this study for sharing precious time in the

completion of this study;

Most of all, to our Almighty God, for His never ending love, guidance and

for the strength and knowledge to carry out the ventures and endeavors of this

study.

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 ABSTRACT

The study sought to infer the effect of Covid 19 in microbusinesses, to be

more specific in milk tea companies with regards to its income, production, and

operation. This research evaluates the significant difference in terms of the

impact of the pandemic in milk tea shops that operate before and during the

outbreak. This study also determined the influence of IATF protocols in the

operation of the industry and the approaches concluded by the institution up

against the outbreak. The researchers provided recommendations from results

that would be of big help to the involved institution to cope with the sudden

change and aftermath of the pandemic. The researchers used quota sampling to

determine the number of the respondents and disseminate surveys through an

online platform with 22 (twenty-two) companies serving as respondents from the

whole population of San Pablo City Laguna who are operating milk tea shops.

Respondents consisted of 10 (ten) companies that operate a business even

before the pandemic and 12 (twelve) companies that started business amidst the

covid 19. The data was collected and tabulated to be interpreted by the

researchers. The questionnaire was validated by Mr. Nelson Ticzon and consists

of questions relating to the effect of pandemic on milk tea companies and the

actions taken. Based on the results garnered by the researchers, pandemic

brought a substantial effect on milk tea companies that operate before and during

the outbreak. In conclusion, most of the companies that started during the

pandemic accumulate gain, on the other hand, most of the companies that

operate before the outbreak accumulate loss.

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 TABLE OF CONTENTS

APPROVAL SHEET…………………………………………….………………….....ii

ACKNOWLEDGEMENTS……………………………………………………………..iii

ABSTRACT……………………………………………………………………............iv

TABLE OF CONTENTS………………………………………………………………...v

LIST OF TABLES……………………………………………………………………...viii

LIST OF FIGURES…………………………………………………………………....viii

CHAPTER I: INTRODUCTION……………………………………………………….1

Statement Of The Problem……………………………………………………3

Theoretical Framework………………………………………………………..4

Conceptual Framework……………………………………………………….6

Significance Of The Study……………………………………………………7

Scope And Limitation………………………………………………………….8

Definition Of Terms……………………………………………………………9

Problem And Review Of Literature…………………………………………..9

Research Literature……………………………………………………………9

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 Synthesis Of Related Literature……………………………………………..15

CHAPTER II: RESEARCH METHODOLOGY……………………………………...17

Research Methodology………………………………………………………..17

Research Design………………………………………………………………17

Respondents And Locale Of The Study…………………………………….17

Sampling Technique…………………………………………………………..18

Research Instruments…………………………………………………………18

Ethical Consideration In Research…………………………………………..19

Data Gathering Procedures………………………………………………….19

Statistical Treatment Of Data…………………………………………………20

CHAPTER III: RESULTS AND DISCUSSION……………………………………...21

Results and Discussion……………………………………………………… 21

CHAPTER IV: SUMMARY FINDINGS, CONCLUSIONS, RECOMMENDATIONS

Summary Findings……………………………………………………………32

Conclusions……………………………………………………………………33

Recommendations…………………………………………………………… 33

REFERENCES……………………………………………………………………….. 35

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APPENDICES…………………………………………………………………………39

Appendix A……………………………………………………………………39

Appendix B……………………………………………………………………..41

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 LIST OF TABLES

TABLE
1. Profile Of The Respondents………………………………………………….29

2. Effects Of Community Quarantine To Milktea Companies In Terms Of

Customers………………………………………………………………………30

3. Effects Of Community Quarantine To Milktea Companies In Terms Of

Employees……………………………………………………………………...31

4. Effects Of Community Quarantine To Milktea Companies In Terms Of

Raw Materials………………………………………………………………….32

5. Effects Of Community Quarantine To Milktea Companies In Terms Of

Production………………………………………………………………………33

6. Effects Of Community Quarantine To Milktea Companies In Terms Of

Income………………………………………………………………………….34

7. Safety Protocols The Companies Are Observing…………………………..35

8. Effects Of Observing Safety Protocols………………………………………37

9. Business Approaches And Strategies A Company Apply During Covid-19

Pandemic……………………………………………………………………….39

LIST OF FIGURES

1. Input Process Output………………………………………………………….14

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