THE IMPACTS OF INFLATION ON CUSTOMERS SATISFACTION IN

FAST-FOOD CHAINS IN GENERAL SANTOS CITY MALLS

A Research
Presented to the Faculty of
Tourism and Hospitality Management
STI College General Santos City

In Partial Fulfilment
Of the Requirements of the Degree
Bachelor of Science in Hospitality Management

Sophia Marie T. Cepe

Quancy Carina L. Chua
Kimverlee M. Gonzales
Loise Lee V. Kho

December 2022

FT-CRD-113-00 | STI College- Gen. Santos, Inc. i

 ENDORSEMENT FORM FOR FINAL DEFENSE

TITLE OF RESEARCH: The Impacts of Inflation on Costumers Satisfaction to

Fast-Food Chains In General Santos City Malls

NAME OF PROPONENTS: Sophia Marie T. Cepe

Quancy Carina L. Chua
Kimverlee M. Gonzales
Loise Lee V. Kho

In Partial Fulfilment of the Requirements

For the degree Bachelor of Science in Hospitality Management
Has been examined and is recommended for Final Defense.

ENDORSED BY:

Jona Impang Claudio, MBA, LPT, CHP

Research Adviser

APPROVED FOR FINAL DEFENSE:

Jessabelle Grace L. Firmalino

Research Coordinator

NOTED BY:

Glenna N. Albios, MBA-TRM, CTP

Program Head

December 16, 2022

FT-CRD-113-00 | STI College- Gen. Santos, Inc. ii

 APPROVAL SHEET
This research entitled: The Impacts of Inflation on Costumers Satisfaction to Fast-
Food Chains In General Santos City Malls prepared and submitted by Sophia Marie
T. Cepe; Quancy Carina L. Chua; Kimverlee M. Gonzales; and Loise Lee V. Kho, in
partial fulfillment of the Bachelor of Science degree requirements in Hospitality
Management, has been examined and is recommended for acceptance and approval.

Jona Impang Claudio, MBA, LPT, CHP

Research Adviser

Accepted and approved by the Research Panel

in partial fulfillment of the requirements for the degree of
Bachelor of Science in Hospitality Management

<Panelist's Given Name MI. Family Name> <Panelist's Given Name MI. Family Name>
Panel Member Panel Member

<Panelist's Given Name MI. Family Name>

Lead Panelist

NOTED BY:

Glenna N. Albios, MBA-TRM, CTP

Academic Head

December 16, 2022

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 ACKNOWLEDGEMENTS

The researchers would like to extend our heartfelt gratitude and appreciation to the
following persons who have contributed to the accomplishment of this piece of work.

First and foremost, we would like to thank and glory to our Almighty God, for giving us
enormous blessings and wisdom throughout the process of our research , by providing
and granting us the opportunity to attain this study successfully. Thank you for the
guidance, strength, power of mind, and for giving us a healthy life. All of these, we offer
to you.

To our beloved research coordinator, Ms. Jessabelle Grace L. Firmalino and research
adviser, Ms. Jona Impang Claudio we would like to express our sincere gratitude for
giving us an opportunity to undertake such a great challenging and creative work. We are
thankful for your guidance, encouragement, understanding, and insightful support in
accomplishing this study.

We offer sincere appreciation to our beloved research panelist, and to our research
statistician, Ms. Marliza Banzuelo who is a great help in analysing and interpreting the
data we gathered.

Lastly to our Families and Friends, a warm acknowledgement we offer to you for giving
us moral and financial support, and for the love and care. We thank you for giving us the
motivation and being an inspiration to finish this study.

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 ABSTRACT
Title of research: The Impacts of Inflation on Customers Satisfaction in Fast-
Food Chains In General Santos City Malls

Researchers: Sophia Marie T. Cepe

Quancy Carina L. Chua
Kimverlee M. Gonzales
Loise Lee V. Kho

Degree: Bachelor of Science in Hospitality Management

Date of Completion: <Month year of graduation>

The Abstract is an important component of your research. Presented at the beginning of

the research, it is likely the first substantive description of your work read by an external
examiner. It would be best if you viewed it as an opportunity to set accurate expectations.
The Abstract is a summary of the whole research. It presents all the significant elements
of your work in a highly condensed form. Usually, a one-pager abstract is the most ideal.
You may wish to limit the abstract for your research to one 1.5-spaced page, about 280
words, to preserve visual coherence. The Abstract should mirror the structure of the
whole research, and should represent all its major elements.

In the succeeding paragraphs, there should be no indentations, and paragraphs are

justified with left alignment. Delete this highlighted section and replace it with your
Abstract.

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 TABLE OF CONTENTS
Page
Title Page i
Endorsement Form for Final Defense ii
Approval Sheet iii
Acknowledgments iv
Abstract v
Table of Contents vi
List of Tables vii
List of Figures viii
List of Abbreviations ix
Chapter I: Introduction 1
Background of the Study 1
Research Questions 2
Significance of the Study 3
Scope and Limitations 3
Chapter II: Review of Related Literature 4
Chapter III: Theoretical/Conceptual Framework
Chapter IV: Research Methodology
Chapter V: Presentation and Discussion of Findings
Chapter VI: Conclusions and Recommendations
References 14
Appendices

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 LIST OF TABLES
Table Page
1 <Title of the table>
2 <Title of the table>
3 <Title of the table>
4 <Title of the table>

Add columns if the number of tables is more than four (4) by pressing the tab.

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 LIST OF FIGURES
Figure Page
1 <Title of the figure>
2 <Title of the figure>
3 <Title of the figure>
4 <Title of the figure>

Add columns if the number of figures is more than four by pressing the tab.

FT-CRD-113-00 | STI College- Gen. Santos, Inc. viii

 LIST OF ABBREVIATIONS
Abbreviations Page

1.
2.

Add columns if the number of abbreviations is more than four by pressing the tab

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 CHAPTER 1
INTRODUCTION

This chapter highlights the impact of inflation on customers’ satisfaction to well-

known fast-food companies. The research problem that this study seeks to address and
the limitations on the study. According to the study of the Effect of Customer Satisfaction
on Consumer Spending Growth, it have said that customer satisfaction is the critical
success factor for the business organizations as satisfied customers can bring desired
growth and profitability whereas dissatisfied customers can make an organization out of
the market (Fornell, C., Rust R., Dekimpe M., 2021) & (Voka, I., Ruxho, F., 2022). In a
market economy, the cost of products and services is always subjected to change. Prices
varies in rising or falling. When prices for goods and services significantly increases,
inflation is present. If there is inflation, increases in the value of essentials like food can
have a negative effect on the society. It can affect almost all goods or services including
necessities like shelter, food, healthcare, and utilities. Once inflation is widespread across
the country’s economy, both consumers and businesses share a common danger regarding
with the possibility of future inflation (Boyle & Li, 2022).

Background of the Study

Nowadays, our country, Philippines is facing extreme inflation due to supply

issues and high gasoline costs. By the end of July this year, the inflation rate was 6.4
percent on a yearly basis, increased from 6.1 percent in June and 5.4 percent in May
(Sicat, 2022). Regarding from this result, it is serious inflation in which our country must
take control within the manageable of government’s policy viewpoint. Prices are rising,
and lately, the Peso struck an all-time low against US Dollars, which alarmed and
concern among investors, business sectors and consumers. Whether acquiring goods from
wholesale distributors or products from nearby farmers, it is reported that everything is
expensive. The food businesses are severely impacted by the inflation, which also
directly affects food prices. The quantity, amount, and quality of foods offered at the food
businesses as well as how much owners are willing to spend, are impacted by the

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increased cost. As the several factors that have been increased like food, gas, or housing,
specific ingredient has become much more expensive in relation to other things. Essential
resources are getting harder to find due to the ongoing rising costs.

The effect of too much inflation is hard to ignore as the cost-of-living increases,
and so does the cost of ingredients and menu items. The growing cost like food, gas, or
housing utilities is necessary to sustain a foodservice facility prompted to increased menu
prices. In this situation of rising inflation, some consumers are more likely to switch from
more expensive fine dining experiences to less expensive fast food options.

The researchers conducted this study to have an idea what are the impacts of
inflation particularly to the customer’s satisfaction in fast food chains in General Santos
City despite of the rising inflation in the country. To understand the customer satisfaction
level, the researchers will conduct surveys with queries of questionnaires that will be
addressed during the process. With the current state of our economy, food companies
must be prepared if there would be an impact and changes to maintain their revenue.

Research Questions

The purpose of this study is to determine the customer’s satisfaction in dining at

fast-food chains in General Santos City Malls. Additionally, this will also assess whether
inflation will have an impact on consumers' dining habits. The following questions are
hereby to address key questions in assessing the customer experience in dining at fast
food chains.

1. What are the impacts of inflation on customers satisfaction in fast-food chains in

General Santos City Malls in terms of:
a) Product packaging
b) Serving Size/ Portion / Quantity
c) Food Quality
2. What implication can be drawn from the findings of the study?

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Significance of the Study

This study will be conducted to examine the impacts of inflation on customer

satisfaction in fast food chains in General Santos City Malls. In contrast of the rising
inflation of other goods, this study will help the management of fast food franchises in
General Santos City Malls to acknowledge the consumer experience. The researchers
expect that this research will lead in a complying result to the issue on the impact of
inflation on customer satisfaction in fast food chain companies.

The findings of this study will be beneficial to the following persons:

Future Entrepreneurs - This study will serve as a guide they need to take an action to
the

Consumers - This study will benefit to the consumers to

Researchers - This study will be beneficial for them as a reference if they will be
conducting a similar study to ours. This will serve as a guide to further understand the
impacts of inflation in customer satisfaction in fast food chains in General Santos City
Malls. This study will be their greater advantage to dig more knowledge on how inflation
affects the dining experience of the customers at fast food restaurants.

Scope and Limitations

This study’s main purpose is to determine the customer experiences. It

specifically measures the customer’s experience in dining at fast food chains to determine
the impact of inflation in the perspective. Only consumers of fast food restaurants here in
General Santos City Malls will be covered. Furthermore, the study will only have 100
respondents coming from the customers of fast food restaurants to determine the result of
the study. The participants will be chosen on purpose, and the procedures includes all

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further information and methodology.

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 CHAPTER II
REVIEW OF RELATED LITERATURE

This chapter presents the review of related literature and related studies after the
thorough and in-depth search done by the researchers. The researchers assessed a variety
of studies on impacts of inflation on costumers’ satisfaction to Fast-Food Chain
Restaurants. These research papers including books, thesis, journal articles, and other
online platform are essential for conveying the researcher’s information. These enables
the researchers in achieving their objectives by providing information from related
studies and allowing them to make changes as necessary.

Inflation

The price of products generally and continually rising is referred to as inflation. A

rise in product prices will immediately have an impact on how core businesses produce
their products since ingredients are likewise more expensive. High production cost will
have an impact on the selling price, lowering consumers' purchasing power. That might
have a negative effect on the business's performance, which would therefore decrease the
stock's return. Unexpected inflation will be negative for the economy of the business. The
company's profitability will fall if the rise in production costs is larger than the price it
would get. The distribution of profits will also decrease if a company's profitability
decreases, which will have an impact on stock returns (Suharyanto & Zaki, 2021).

Inflation is a big issue in many countries because it reduces the buying power of
money when the prices of goods and services rise. Inflation has an influence on
profitability through affecting sales volume as well as the amount of costs. Manufacturing
firms have had a significant impact on the economy during the last three decades,
accounting for about 80% of total country exports. The gross profits collected from the
company's comprehensive income statement might show the company's success.
Manufacturing enterprises must be mindful of the influence of inflation to maintain their
performance (Ali and Ibrahim, 2018).

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 Both global economic development and inflation rates have been unstable.
Furthermore, growth rates have largely fallen behind inflation rates for a very long time.
In the 1970s, nations with high inflation, particularly those in Latin America, started to
see drop in growth rates, which led to the creation of the idea that inflation has negative
effects rather than positive benefits on economic growth. Evidence from some Asian
nations, including India, demonstrating the connection between inflation and economic
growth, revealed that while India’s Gross Domestic Product (GDP) growth rate increased
from 3.5% in the 1970s to 5.5% in the 1980s, the country’s inflation rate steadily
increased from an annual average of 1.7% in the 1950s to 6.4% in the 1960s and then to
9.0% in the 1970s only before comparatively decreasing to 8.0% in the 1980s. High rates
of inflation, massive balance of payments imbalances, decreasing domestic savings,
rising government spending, dropping agricultural production, and decreased industrial
production consumption were strongly related to these factors, which in turn affected
economic growth (Kasidi & Mwakanemela, 2018).

Furthermore, Inflation appeared to be an issue two years ago, when millions of

people were unemployed and central bankers and politicians were working to get the U.S.
economy out of a virus outbreak crisis. Many of the same authorities believed that the
price increases were "temporary" and the result of congested supply chains, staff
shortages, and other problems that would sort problems earlier rather than later annually
afterwards, with unemployment dropping and the inflation rate rising. For instance,
inflation rates in Russia increased gradually during the epidemic before rising after its
battle of Ukraine. Early in the epidemic, inflation dropped in Indonesia and has been
there before. Too-low inflation rates have also been a long-standing problem for Japan
(Desilver, 2022).

Food Inflation

Several reasons related to a change in supply, trade, global pricing, food

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management, speculative activities, and demands have contributed to the development of
food inflation and the unusually high level of food prices towards the end of 2009. Others
of these factors have short-term effects, some have long-term effects, and some have both
short-term and long-term effects (Chand, 2020).

Furthermore, Sugar Regulatory Administration (SRA) figures, The Philippines

produced 1.8 million metric tons of sugar domestically as of July 31, 2022, for the crop
year 2021-2022. This is much less than the previous harvest years, which generated an
average of 2.1 million tonnes of sugar. The price of sugar has risen to almost ₱100 per
kilogram, roughly double the price of last year. This Results to farm prices in the
Philippines have risen sharply over the past few months, from an average of about
₱1,974/50kg in January to as high as ₱2,488/50 kg in July. This is a result of several
factors, including the impact of Typhoon Odette and Agaton on the agri-food sector and
the rising energy costs. The Philippine economy has been hit hard by the shutdown of
several soft drink bottling operations owned by the big three soda manufacturers (Coca
Cola, Pepsi, and ARC) this suggests enormous layoffs, displacing hundreds if not
thousands of Filipinos, especially as commodity prices continue to rise. This has a
cascading effect on the rate of our economic recovery since such a loss in income will
have a significant impact on aggregate demand (Pangilinan, 2022).

Food costs are likely to increase in the foreseeable future, at least due to the
massive increase in the prices of agricultural products. In addition, earnings have
decreased, and food costs have risen because of the current financial crisis. Not only does
this weaken nutritional quality, but it also led to a decrease spending on health, sanitation,
and education, all of which have a negative impact on health and nutrition outcomes. In
conclusion to him, fighting poor nutrition in underdeveloped nations will become more
challenging as food prices go up. This intention will be significantly more challenging to
achieve in countries where men are preferred in the household level allocation of non-
staple foods (Bouis, 2017).

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Food Inflation to Customers

Lower-income consumers who spend a large portion of their household budget on

food are more likely to be negatively impacted by rising food prices, to be more
responsive to price changes, and to be forced to make more difficult budgetary trade-offs
than higher-income consumers with smaller food budget shares. Several domestic
initiatives in the United States are designed to assist customers in meeting their
household food and nutrition needs during economic downturns when household
purchasing power is reduced. Furthermore, the United States has a long history of giving
major international food aid during times of famine or food scarcity across the world.
Food price inflation has a direct impact on both local and foreign food aid programs in
the United States (Schnepf, 2019).

In addition, poor households spending power is limited by high food prices, which
also worsen nutritional quality and overall energy intake, affecting the growth and
cognitive development of children. They analyse the effects of early-life exposure to food
inflation on one’s health. The study correlates local food inflation with the first several
months of each child’s life after birth. It indicates that early childhood exposure to food
inflation has negative medium- and long-term effects on a child’s health. The results
show that food inflation is more widespread than is normally considered to be a concern
for monetary policy. It has broad effects on children’s health, with the potential to harm
future health, academic success, employment prospects, family formation, social conduct,
and numerous other later-life outcomes. This study emphasizes that these high inflation
events are not just temporary and have long-term effects on health as most developing
nations continue to face critical food inflation (Woldemichael, 2022).

Poor farmers ought to have the opportunity to increase both productivity and
income known for its high price of food. There is no assurance that small farmers will
gain the benefits of rising production and high revenues over time. Poor customers are
being taken off by high food costs because they spend a considerably bigger proportion
of their income on food than do wealthier consumers. Poor urban customers who buy

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every of their food would suffer the most. Consumers benefited from the years of lower
food costs, but farmers weren't doing as well. Furthermore, while it is unlikely that urban
consumers would applaud rising food costs that empty their wallets, the higher prices
should potentially reward farmers with larger income and standard of living (Fritschel,
2018).

The poor farmer will gain as the price of food harvests rises since they may sell
their items for more money. Like how exporting other goods has a beneficial effect on
inflation, increasing food exports is likely to cause a shortage of goods in the regional
economy, which will drive up prices for food items. Due to the payment amount and low
domestic currency value, importing food items raises food prices. These imports resulted
in a net income, which created a balance of payment issue. The government had to
borrow money from both local and international sources to deal with the issue, which led
to a rise in the amount of money in circulation and inflation altogether Sultana &
Qayyum, 2018).

The brighter futures might not be enough to reassure many poor people, as the
global recovery is still weak as the nation deals with further COVID-19 cases. Although
rising food prices may increase the income of poor farmers, the majority of them are also
food supply consumers. As a result, most people in low-income nations are highly
vulnerable to an increase in food prices, and these countries' governments lack the
financial resources necessary to preserve the spending of low-income families, prevent
the spread of food insecurity, and improve diets. The international community should
consider strengthening this capability through extra financial aid a top priority right away
given the global implications of food price increases (Vos, 2021).

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FT-CRD-113-00 | STI College- Gen. Santos, Inc. 10
 CHAPTER III
THEORETICAL FRAMEWORK/CONCEPTUAL FRAMEWORK

A theoretical framework is used to limit the scope of the relevant data by focusing on
specific variables and defining the specific viewpoint [framework] that the researcher
will take in analyzing and interpreting the data to be gathered.

A conceptual framework is a structure that the researcher believes can best explain the
natural progression of the phenomenon to be studied. It is the researcher’s explanation of
how the research problem would be explored. The conceptual framework describes the
relationship between the main concepts of a study. The format of the conceptual
framework can be visual (or diagrammatic), narrative (or descriptive), or a combination
of visual and narrative.

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 CHAPTER IV
RESEARCH METHODOLOGY

This chapter presents the methods of the study. It is divided into three section: (1)
Research Design, (2) Methodology, and (3) Statistical Data Analysis Procedure. Research
Design refers to our overall strategy that was used and integrated in the components of
the study. Methodology describes our participants, locale of the study, research
instruments, and data gathering. Statistical Data Analysis Procedure shows the scoring
and the statistical analysis that was used to interpret the gathered data.

Research Design

The researchers used a quantitative research design. This was used to see the
customer experience and if there is an impact of inflation in dining at fast food
restaurants. Through this method, the researchers were able to determine customer
satisfaction despite the current inflation in the country.

The quantitative research design used was able to help the researchers to gather
reliable information from the respondents. The researchers were able to see the factors in
which affecting customer experience towards the rising of inflation.

Research Locale

Population and Sample

Research Instrument

Scale Range Description Interpretation

5 4.50 – 5.00 Strongly Agree The item strongly affects the impacts of
inflation on customer satisfaction in fast-food
chains.
4 3.50 – 4.49 Agree The item affects the impacts of inflation on

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3 2.50 – 3.49
2 1.50 – 2.49
1 1.00 – 1.49
Data Collection
Statistical Tool
FT-CRD-113-00 | STI College- Gen. Santos, Inc.
customer satisfaction to fast-food chains.
Nuetral The item is not statistically significant on the
decision of the impacts of inflation on
customer satisfaction in fast-food chains.
Disagree The item does not affect the impacts of
inflation on customer satisfaction to fast-food
chains.
Strongly The item strongly has no effects at all on the
Disagree impacts of inflation on customer satisfaction
in fast-food chains.
13
 CHAPTER V
PRESENTATION AND DISCUSSION OF FINDINGS

In this section, the researcher must present the data and information gathered. This
section involves data analysis, display, and interpretation guided by the research problem
and research questions.

Below are some points to consider:

• Present a profile of the research subjects, including relevant demographics about

them.

• Provide well-thought-out tables and diagrams with descriptive texts.

• Summarize transcripts for analysis by providing pieces of evidence through direct

quotations from the interviews

• Show the survey questionnaires provided and tabulation of results

This section must provide explicit answers to the research questions and research
problem. Insights drawn from the research findings must be included that would help the
reader of the study fully understand your findings.

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 CHAPTER VI

Conclusions and Recommendations

This section must include the significance of the study in relation to policies, theories, and
practices. Highlight the significance of the research as mentioned in chapter 1. In writing
conclusions, it must have an open perspective that is not definitive and incontestable. The
recommendations must include suggested improvements to be made in the way the research was
implemented, including future research directions that can still be made with regard to the
chosen research area.
 REFERENCES

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Analysis.” Advanced Science Letters, vol. 24, no. 6, 1 June 2018, pp.4750–4755,
www.researchgate.net/publication/325502763_Inflation_and_Companies’_Performance_
A_Cross-Sectional_Analysis, 10.1166/asl.2018.11694.
Bondoc, A. F. (2019) “Life in the Fast-Food Lane: Understanding the Factors Affecting Fast
Food
Consumption among Students in the Philippines.” Life in the Fast-Food Lane:
Understanding the Factors Affecting Fast Food Consumption among Students in the
Philippines, vol. 68, the Philippine Statistician, 2019, pp. 75–101.
www.psai.ph/docs/publications/tps/tps_2019_68_1_5.pdf.
Bouis, H. E. (2017) “Food Prices, Household Income, and Resource Allocation: Socioeconomic
Perspectives on Their Effects on Dietary Quality and Nutritional Status.” Food and
Nutrition Bulletin, vol. 32, no. 1_suppl1, SAGE Publications, Mar.2017,
pp.S1423.Crossref, https://doi.org/10.1177/15648265110321s103.\
Boyle, M., & Li, T. (2022). What Causes Inflation? Investopedia. Retrieved October 5, 2022,
from
https://www.investopedia.com/ask/answers/111314/what-causes-inflation-and-does-
anyone-gain-it.asp
Chand, R. (2020) “Understanding the Nature and Causes of Food Inflation.” Economic And
Political Weekly, vol. 45, no. 9, 27 Feb. 2020, pp. 10–13,
www.jstor.org/stable/25664159?fbclid=IwAR2JmMC-1WT_JHVtxxuHdWB80_jfJUUF-
sPhLqVdmhJWQrtzFLPCKGuWthE. Accessed 12 Oct. 2022.
Desilver, D. (2022) “In the U.S. and Around the World, Inflation Is High and Getting Higher.” In
The U.S. and Around the World, Inflation Is High and Getting Higher, 15 June 2022,
www.pewresearch.org/fact-tank/2022/06/15/in-the-u-s-and-around-the-world-inflation-is-
high-and-getting-higher.
Fritschel, H. (2018) “The Price of Food: Ingredients of a Global Crisis.” The Price of Food:
Ingredients of a Global Crisis, 9 Apr. 2018,
www.opendemocracy.net/en/the_price_of_food_ingredients_of_a_global_crisis.
‌Kasidi, F. and Mwakanemela, K. (2018). Impact of Inflation on Economic Growth: A Case
Study
Of Tanzania. Asian Journal of Empirical Research, 3(4), 363–380.
https://archive.aessweb.com/index.php/5004/article/view/3366
Pangilinan, L. C. (2022) “The Bitter Reality of the Sugar Shortage – Ateneo Economics
Association.” Admuaea.org, 7 Sept. 2022, admuaea.org/2022/09/07/the-bitter-reality-of-
the-sugar-shortage/?
fbclid=IwAR1qiTVOsyx4Nd3YDINqSnLHJGRgCZfxLaa1Eb_gX5CmNy-
2jm51hqwqI#: ~:text=Since%20sugar%20is%20such%20an. Accessed 12 Oct. 2022.
Schnepf, R. (2019). CRS Report for Congress Consumers and Food Price Inflation Randy
Schnepf
Specialist in Agricultural Policy (p. 17).
https://nationalaglawcenter.org/wp-content/uploads/assets/crs/R40545.pdf
Sultana, B. & Qayyum, A. (2018). Factors of Food Inflation: Evidence from Time Series of

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 Pakistan. Journal of Banking and Finance Management, 1(2), 23–
30.https://www.academia.edu/39637724/Factors_of_Food_Inflation_Evidence_from_Ti
me__Series_of_Pakistan?auto=citations&from=cover_page
Vos, R.. (2021) Global Inflation on Food Sector (pages 77-80)
books.google.com.ph/books?hl=en&lr=&id=tjFjEAAAQBAJ&oi=fnd&pg=PA64&dq=
global+inflation+on+food+sector&ots=NCzTo_AxSY&sig=Af0BCo85lbJeGC9FTg_-
KQMMGB8&redir_esc=y#v=onepage&q=global%20inflation%20on%20food
%20sector&f=false.
Woldemichael, A., Kidane, D., & Shimeles, A. (2022). Food Inflation and Child Health. The
World Bank Economic Review, 36(3), 757–773. https://doi.org/10.1093/wber/lhac009

FT-CRD-113-00 | STI College- Gen. Santos, Inc. 17

 APPENDICES

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 APPENDIX A. GANTT CHART

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 APPENDIX B. ACTUAL RESEARCH EXPENSES

Approximate
Quantity Specifics Actual Cost
Cost

Prepared by:

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 Sophia Marie T. Cepe Quancy Carina L. Chua

Kimverlee M. Gonzales Loise Lee V. Kho

Noted by:

<Name of Parent/Guardian of Researcher> <Name of Parent/Guardian of Researcher>

<Name of Parent/Guardian of Researcher> <Name of Parent/Guardian of Researcher>

Approved by:

Jona Impang Claudio, MBA, LPT, CHP Jessabelle Grace L. Firmalino

FT-CRD-113-00 | STI College- Gen. Santos, Inc. 21