STI ACADEMIC CENTER LIPA

THE ROLE OF MATHEMATICAL FUNCTIONS

TO
SOCIETY AND BUSINESS

A Research Paper
Presented to
Mrs. Jenny Amparo

In Partial Fulfillment
Of the ILS for General Mathematics 11
GROUP 2
MEMBERS:
Atienza, Kris Emanuel A.
Castillo, Reign Charisse D.
Esperancilla, Rina M.
Gardon, Mayeth C.
Lalong-Isip, Chen Yrich M.
Lambojon, Kate Irah Mae I.
Marcelo, Jerome D.
Suarez, John Henry C.

OCTOBER 14, 2022

 CHAPTER I

INTRODUCTION

Society, as a whole function because there are different pieces linking its puzzle together.

Humans as the main contributor to everything. Nowadays, people survive in accordance with the

flow of money in society and they find and discover many ways to live up to the rapid growth of

it, that’s when businesses take place.

Mathematics confers utilization in different parts of the business. Accounting, inventory

management, marketing, sales forecasting, and financial analysis are all areas where businesses

apply mathematics. Mathematical Functions provide organization for businesses to take place in

the market. It helps in determining how much it will cost to produce, purchase, or provide your

service before you publicly launch your business. You may determine if you can be successful

enough to maintain your business and earn a respectable income and be competitive with other

businesses by adding up all of the costs associated with producing or purchasing your goods

that’s why a lot of entrepreneurs depend on mathematics so they can run their businesses in the

society smoothly.
 CHAPTER II

STATEMENT OF THE PROBLEM

This study is conducted to find out the Function Used in Business. Specifically, this study seeks

answers to the following questions.

1. What did you consider in building up your business?

2. What good or services do you offer?

3. What is your pricing strategy?

4. What are the struggles you experienced in handling your business? How did you cope up

with it?

5. How did you come up with this kind of business?

6. What is the mission, vision and goal of your business?

7. Get the organizational chart of the business.

 CHAPTER III

FINDINGS AND RESULTS OF DATA

This chapter presents the findings and results of the study, which are answered by business

owners.

Hyna’s Clothing Hub

RESPONDENT #1

1. What did you consider in building up your business?

I consider the research of my business like what is the most needed or factors here in the world

of business.

2. What good or services do you offer?

I would like to offer my motivation or my idea to my customers to maintain good interactions.

3. What is your pricing strategy?

My pricing strategy is one of the hardest things because it depends on the quality of the item or

product. I don’t have an exact pricing strategy.

4. What are the struggles you experienced in handling your business? How did you cope up

with it?

To have a Bogus Buyer/s is/are one of the struggles because we can’t control that. We need to be

focused because who need to educate that person in a good way.

5. How did you come up with this kind of business?

As I always do my best, I will handle this business. Hard work and diligence.

6. What is the mission, vision and goal of your business?

My goal in my business is to have a loyal customer and to earn their trust because that is the

most important thing for me.

 Mercy’s Kitchen

RESPONDENT #2

1. What did you consider in building up your business?

The first thing that I considered in building my business is my resources. We can’t build

something without resources. I also thought of the thing that will sell in my area since it’s an

important factor in building such.

2. What good or services do you offer?

I offer foods like tapsilog, longsilog, bangsilog, and such. I try my best to make the dishes

successful and provide good services for my customer.

3. What is your pricing strategy?

It depends on my investment. I don’t have an exact pricing strategy but I always depend on the

quality of my food and how much I will spend to buy its ingredients and how many portions I

will make.

4. What are the struggles you experienced in handling your business? How did you cope up

with it?

There are times when my goods aren’t selling well and it’s completely normal. It always depends

on the day. There are days when there are many people around our area like weekends and days

where there aren’t many but still, I cope up by improving my skills and providing higher-quality

services.
5. How did you come up with this kind of business?

In our area, there aren’t really many people with this kind of business so I decided to try this

since I don’t really have any competitors to begin with.

6. What is the mission, vision and goal of your business?

The mission of my business is for our business to grow and extend to other places. Our vision is

to give satisfaction and get a good impression from our customers and our goal is to provide

quality services and goods for everyone.

 Jaynna’s Store

RESPONDENT #3

1. What did you consider in building up your business?

First, where will I build my business, the sari-sari store. Second, my budget for stocks or

products. Third, I prioritize the necessities that are needed by the people. Fourth, my budget for

materials needed to build my sari-sari store. Finally, the service that I will provide to my buyers

that is needed so that they’ll come back again.

2. What good or services do you offer?

I can give them the products they need and I can assure them that the products I sell are of good

quality. I can give them the right service, the right pricing, exchange, good quality products and

the right treatment.

3. What is your pricing strategy?

My sales strategy is that I compare my goods with the ones I bought for how much the price is.

Suppose the price of an item is 18 pesos, I will increase it by 4 pesos so I will sell it for 22 pesos.

When the price of the items I buy decreases, I will also lower my price but it still won't match the

price of what I bought it for.

4. What are the struggles you experienced in handling your business? How did you cope up

with it?

Bankruptcy, because of those who owe goods and take a long time to pay their debts. So I started

again from the beginning. I just give the borrowers a limit as to how much they can borrow and I
also give a date on when they should return the loan. If they don't really pay on the exact day,

they can’t borrow again. They can only borrow again when they have already paid me.

5. How did you come up with this kind of business?

Because I saw that in our area, there are only a few vendors and not everything that the majority

need is available. So I thought of building my own store to increase my income and for the

people here to have easier access to necessities. I set aside money for the products and also for

the materials needed to build my store.

6. What is the mission, vision and goal of your business?

The purpose of my store is to buy and get people in our area the things and products they need in

their daily life. Also, to give them the right service they expect for them to trust me.
 Madlangbayan Bakery

RESPONDENT #4

1. What did you consider in building up your business?

Location/Market

2. What good or services do you offer?

I offer pastry and breads for my customer.

3. What is your pricing strategy?

It always depends on the price of the ingredients.

4. What are the struggles you experienced in handling your business? How did you cope up

with it?

Losing a baker. It’s a good thing that my older brother can bake so even though we don’t have a

baker, we can still go on.

5. How did you come up with this kind of business?

My parents know how to do this kind of business so they taught us all about this.

6. What is the mission, vision and goal of your business?

Our goal is to make delicious and tasty breads. Also to give good interactions to our customer

and to satisfy their needs.

 Uncle Belly

RESPONDENT #5

1. What did you consider in building up your business?

I need to consider my budget (how much I can offer to my customer) and I also need uniqueness

so that we’ll be different with everyone else (a great idea that people will enjoy). Also, we need

to pick the quality of what we’re going to sell so that customers will come back again for more.

2. What good or services do you offer?

I offer affordable foods.

3. What is your pricing strategy?

My pricing strategy is I need to calculate first all the ingredients that I’m going to use and after

that I will decide how much I’m going to sell each of the food in affordable prices.

4. What are the struggles you experienced in handling your business? How did you cope up

with it?

I experience having difficulties in earning my customers’ trust. Of course, we need to make sure

that my goods are alright and in the best shape so that they’ll come and buy again and they will

trust me and my business.

5. How did you come up with this kind of business?

I like foods and I also enjoy cooking that’s why I made my own food brand.

6. What is the mission, vision and goal of your business?

My mission and vision is to get more customers and extend and develop my business.
 CHAPTER IV

ORGANIZATIONAL CHART

This chapter presents the diagram that visually conveys a company’s internal structure by

detailing the roles, responsibilities, and relationship between individuals within an entity.

RESPONDENT #1
RESPONDENT #2
RESPONDENT #3
RESPONDENT #4
RESPONDENT #5
 CHAPTER V

SUMMARY OF FINDINGS, AND CONCLUSIONS

This chapter presents the summary of the study, and the conclusions arrived at further the

findings of the study.

Summary

Our research paper focuses on the role of mathematical functions to society and business. We

interviewed a few business owners via messenger and face-to-face interview to understand the

role of mathematics in our society, especially in businesses, and we received five (5) responses

from the people we interviewed.

Mathematics has been there always connected with the business for a long time. Understanding

math is necessary for profitable operations and utilized flow of business. You'll achieve your

business objectives by being able to add, subtract, multiply, divide, round off, and use

percentages and fractions since it’s commonly used as a basic tool to determine your business

outcomes. Money was introduced as a universal trading holder making mathematics a huge role

in our society even more. Also, businesses must seize every profit-generating opportunity in the

current, highly competitive global market climate, which necessitates regular statistical market

studies.
Conclusions

Based on the foregoing findings, the following conclusions were drawn:

1. Based on the 5 (five) businessmen we've interviewed, the first thing they consider in building

up their business is their resources and the needs of people in that certain area. Good services by

offering delicious, affordable food and the right pricing of goods, their pricing depends on their

investment in how much they spend on their ingredients and products.

2. There may be struggles but it's already considered normal in businesses so they cope with the,

by improving their skills and giving higher-quality services to people.

3. They came up with this kind of business since there are only a few people with this kind of

business in their area. Their businesses also have a goal to earn extra income with a mission and

vision to grow their business, provide the needs of our fellow citizens, and get good impressions

from customers.
 REFERENCES:

https://smallbusiness.chron.com/importance-basic-math-business-41097.html

https://www.educba.com/what-is-business-mathematics/

https://www.bartleby.com/essay/Role-of-Mathematics-in-Business-Economics-P3U5J4936ZZA?

fbclid=IwAR0N1sj95opB9Bj0IatkpxePqdBtCMl8za7BLmlxEgRaEambxH4osb2L9do

https://smallbusiness.chron.com/importance-basic-math-business-41097.html?

fbclid=IwAR1vq5S6uoUXNIghGhBA8n3o26prrtf9MRjc-foF-7F5-jWIeziivK_vVLI
 APPENDICES

Appendix A

Setting & Screenshot of the Interview

RESPONDENT #1 – Hyna’s Clothing Hub

RESPONDENT #2- Mercy’s Kitchen
RESPONDENT #3- Jaynna’s Store
RESPONDENT #4- Madlangbayan Bakery
RESPONDENT #5: Uncle Belly
NARRATIVE REPORT