CHAPTER III

RESULTS AND DISCUSSION

This chapter presents the data gathered through the survey conducted to business owners
from Magay - Zamboanga City Public Market about their financial status and market performances
during COVID-19 era. The data are tabulated and interpreted with the use of frequency count and
mean. There are 40 business owners who participated in this study. They are chosen through
randomization.

RESPONDENT PROFILE

The respondents are market vendors chosen to participate, particularly the public market
business owner in Magay - Zamboanga City Public Market. There are 40 respondents market
vendors who participate in this study.

Market Vendors

Number of respondents 40

Total 40

Table 2.0
Respondents Profile

1. What is the Financial Stability of Public Market during Covid-19?

a. Did the Covid-19 affects your business?
b. How was your financial stability before the pandemic?
c. How is your financial stability during the pandemic?

Figure 3.0

What is financial Stability of Public Market during Covid-19?

Financial Stability Frequency Mean

Strongly Agree 20 0.17

Agree 24 0.2
 Neither Agree Nor Disagree 38 0.32

Strongly Disagree 24 0.2

Disagree 14 0.12

According to the figure 3.0 presented chart of financial stability and mean of the public
market during the period of covid-19, 38 respondents said they neither agree nor disagree, while
24 agreed and the other 24 said they strongly disagreed, while 20 said they strongly agree and 14
disagreed.

Figure 4.0

Did the Covid-19 affects your business?

Mean
Affects Frequency

Yes 0.8
32

No 0
0

Stable 0.2
8

Figure 4.0 tells us about out of forty (40) respondents there are 32 respondents with an
average mean of 0.8 who said yes that their business has been affected by the Covid-19. These
result were also evident in the study of Justia (2020) indicates that many public markets in the
local places have struggled to deal with the increasing coronavirus's problems and 8 respondents
with average mean of 0.2 said that their business is stable.

Figure 5.0

How was your financial stability before the pandemic?

Before Frequency Mean

Increase Profit 9 0.23

 Decrease Profit 20 0.5

Balance Profit 11 0.3

Figure 5.0 tells us the frequency and mean above, 20 out of 40 respondents with the average
mean of 0.5 claimed their financial stability had decreased before to the epidemic, whereas 9
respondents with the average mean of 0.23 said their profit had increased prior to the pandemic,
and remaining 11 out of 40 respondents with the average mean of 0.3 indicated they had a balanced
profit prior to the pandemic.

Figure 6.0

How is your financial stability during the pandemic?

During Frequency Mean

Increase Profit 4 0.1

Decrease Profit 21 0.53

Balance Profit 15 0.38

Figure 6.0 tells us the frequency and mean chart above, 21 out of 40 respondents with the
average mean of 0.53 indicated their financial stability during the Covid pandemic has decreased
their profit, 15 respondent with the average mean of 0.38 said their profit is balanced, and the
remaining 4 respondents with the average mean of 0.1 said their profit has increased.

2. What is the market performance in terms of:

A. Capital

A1. What happened to the sales of your business that is being wasted?

A2. What did you do with the product that is no longer for sale or has reached on
its expiration date?

B. Asset

B1. How was the movement of your inventory before the pandemic?
 B2. How was the movement of your inventory during the pandemic?

B3. Does the movement of assets improve during the pandemic?

C. Sensitivity to market risk

C1. How was your income during the ECQ, MECQ, GCQ?

C2. Does the alternate changes of ECQ, MECQ and GCQ order affects your market
performances?

C3. How quarantine level shift affects your business?

Figure 7.0

What is the market performance in terms of Asset and to market risk?

Financial Stability Frequency Mean

Strongly Agree 29 0.18

Agree 44 0.28

Neither Agree Nor Disagree 43 0.27

Strongly Disagree 26 0.16

Disagree 18 0.11

Figure 7.0 tells us the financial stability frequency and mean knowing how the market
performance in terms of Asset and to market risk. From the frequency shown above with the 44 of
the respondents have the most common value who said that they agreed with the mean of 0.28 and
43 said they neither agree nor disagree with a mean of 0.27 and 29 of the respondents said they
strongly agree while 26 said they strongly disagree and 18 of the respondents with the lowest
common value of 0.11 said that they disagree.
Figure 8.0

Capital

A1. What happened to the sales of your business that is being wasted?

Capital Frequency Mean

Increase Profit 2 0.05

Decrease Profit 28 0.7

Balance Profit 10 0.25

Figure 8.0 tell us the frequency and mean out of forty (40) respondents, 28 respondents
with a mean of 0.7 said that their profit has decreased when their business sales are squandered.
These result were also evident in the study of European Union indicates that in the absence of any
other use or lack of consumer they were eventually eliminated and disposed of, resulting in
negative externalizes from an environmental standpoint, economic costs, and a loss of revenue for
businesses, These result connected also with the figure 9.0 and 10 respondents with a mean of 0.25
said that they have a balanced profit, and 2 of the respondents with an average of 0.05 said that
their profit has increased.

Figure 9.0

Capital

A2. What did you do with the product that is no longer for sale or has reached on its
expiration date?

Capital Frequency Mean

Throwing it 20 0.5

Sell it Again 2 0.05

You will used the product 18 0.45

instead
 Figure 9.0 show us the chart of frequency and mean out of forty (40) respondents, there
are 20 respondents with an average of 0.5 said they are throwing away a product that is no longer
for sale or has passed its expiration date, 18 respondents said they are using it instead, and 2
respondents with an average mean of 0.05 said they are selling it again.

Figure 10.0

Asset

B1. How was the movement of your inventory before the pandemic?

Before Frequency Mean

Fast 7 0.18

Balance 20 0.5

Slow 13 0.33

Figure 10.0 based on the frequency and mean above the chart, 20 of the respondents with
a mean of 0.5 claimed that their inventory movement before the pandemic was balanced, 13
respondents said that their inventory movement was slow, and the remaining 7 respondents said
that their inventory movement was fast.

Figure 11.0

Asset

B2. How was the movement of your inventory during the pandemic?

Before Frequency Mean

Fast 5 0.13

Balance 12 0.3

Slow 23 0.58
 Figure 11.0 tell us the frequency and mean in the chart above, 23 out of 40 respondents
with a higher average mean of 0.58 stated that their inventory movement during the pandemic is
sluggish, 12 respondents said that their inventory movement is balanced, and 5 respondents said
that their inventory movement during the pandemic is fast.

Figure 12.0

Asset

B3. Does the movement of assets improve during the pandemic?

During Frequency Mean

Yes 1 0.03

No 20 0.5

Maintain 19 0.48

Figure 12.0 tells us the frequency and mean out of forty (40) respondents. 20 has said that
their movement of assets did not improve during the pandemic and 19 of the respondents with the
higher average mean of 0.48 said that their movement of assets are maintained and 1 of the
respondent with a low average mean of 0.03 said yes that the movement of the asset has improve
during the pandemic.

Figure 13.0

Sensitivity to market risk

C1. How was your income during the ECQ, MECQ, GCQ?

During Frequency Mean

Rise 10 0.08

Fall 60 0.5

Stable 50 0.42
 Figure 13.0 shows us the above frequency and mean chart, 60 of the respondents with an
average mean of 0.5 claimed their income has decreased during the alternative shifts in alert levels,
50 respondents said it has remained stable, and 10 respondents said it has increased.

Figure 14.0

Sensitivity to market risk

C2. Does the alternate changes of ECQ, MECQ and GCQ order affects your market
performances?

During Frequency Mean

Low Risk 15 0.38

High Risk 10 0.25

Very High Risk 15 0.38

Figure 14.0 tells us out of forty (40) respondents, 15 of them with an average mean of 0.38
said that the alternate changes of ECQ, MECQ, and GCQ orders affect their market performances
with a low risk, another 15 of the said very high risk, and 10 of the respondents with a low average
of 0.25 said high risk.

Figure 15.0

Sensitivity to market risk

C3. How quarantine level shift affects your business?

During Frequency Mean

Not affected 5 0.13

Not affected at all 5 0.13

Strongly affected 30 0.75

 Figure 15.0 tells us that out of forty (40) respondents, 30 with an average of 0.75 has
claimed they were greatly affected by changes in quarantine levels. These result were also evident
in the study of Fairlie (2020) indicates that the impact on small businesses around the country is
likely to be critical most when the quarantine shift levels is implemented. 5 respondents with the
average mean of 0.13 said they were affected, and the remaining 5 respondents with the average
mean of 0.13 said they were not affected at all.
 CHAPTER IV
SUMMARY, CONCLUSION AND RECOMMENDATIONS
This chapter contains the summary results, conclusions, and recommendations identified
by the researchers from the data analysis and recommendations for determining the financial
stability of the public market in Zamboanga city during the Covid-19 era by surveying business
owners on the public market in Zamboanga city using Multiple Choice and Likert Scale
Questionnaires.

SUMMARY

The goal of this study is to determine the financial viability of Zamboanga City's public
market during the Covid-19 era by conducting a survey of business owners using multiple choice
and Likert scale questioners. Its goal was to find out the answers to the following questions:

1. What is the Financial Stability of Public Market during Covid-19?

2. What is the market performance in terms of:
A. Capital
B. Asset
C. Sensitivity to market risk

The research method used in this study was descriptive-quantitative. The information was
gathered by conducting a face-to-face survey of business owners in a public market in Zamboanga
City while adhering to health procedures considering the present pandemic.

The following questions were asked to determine the financial stability of business owners:

1. Financial Stability of Public Market during Covid-19? 38 respondents said they

neither agree nor disagree, while 24 agreed and the other 24 said they strongly
disagreed, while 20 said they strongly agree and 14 disagreed.
2. Did Covid-19 affect your business Out of forty (40) respondents, 34 indicated their
business has been affected by Covid-19, with an average mean of 0.8, and 8 said their
business is constant, with an average mean of 0.2.
3. How was your financial stability before the pandemic Twenty out of forty
respondents said their financial stability had deteriorated prior to the pandemic, while
 nine said their profit had improved, and the remaining 11 said they had a balanced
profit before the pandemic.
4. How is your financial stability during the pandemic Twenty-one out of forty
respondents claimed the Covid pandemic has reduced their profit, fifteen said their
profit is balanced, and the remaining four said their profit has increased.
5. What is the market performance in terms of Asset and to market risk? 44 of the
respondents with the highest common value said they agreed with the mean of 0.28,
while 43 said they didn't agree or disagree with a mean of 0.27. 29 respondents said
they strongly agree, while 26 said they strongly disagree, and 18 respondents with the
lowest common value of 0.11 said they disagree.
6. What happened to the sales of your business that is being wasted? Out of forty (40)
respondents, 28 stated their profit has decreased when their business sales are
squandered, 10 said they have a balanced profit, and two said their profit has improved
with an average of 0.05.
7. What did you do with the product that is no longer for sale or has reached on its
expiration date? Out of forty (40) respondents, 20 indicated they were throwing away
a product that was no longer for sale or had passed its expiration date, 18 said they were
utilizing it instead, and 2 with an average mean of 0.05. stated they were selling it again
8. How was the movement of your inventory before the pandemic? With a mean of
0.5, 20 respondents indicated their inventory movement prior to the pandemic was
balanced, 13 said their inventory movement was slow, and the remaining 7 said their
inventory movement was swift.
9. How was the movement of your inventory during the pandemic? With a higher
average mean of 0.58, 23 out of 40 respondents indicated their inventory movement
during the pandemic is sluggish, 12 said their inventory movement is balanced, and 5
said their inventory movement is fast.
10. Does the movement of assets improve during the pandemic? out of forty (40)
people that responded 20 respondents said their asset movement did not improve during
the pandemic, 19 respondents with a higher average mean of 0.48 said their asset
movement was maintained, and 1 respondent with a low average mean of 0.03 said yes,
their asset movement improved during the pandemic.
 11. How was your income during the ECQ, MECQ, GCQ? With an average mean of
0.5, 60 respondents stated their income has declined, 50 said it has remained stable,
and 10 said it has increased during the alternate swings in alert levels.
12. Does the alternate changes of ECQ, MECQ and GCQ order affect your market
performance? Of the forty (40) respondents, 15 said the alternate changes of ECQ,
MECQ, and GCQ orders affect their market performances with a low risk, another 15
said extremely high risk, and ten indicated high risk with a low average of 0.25.
13. How quarantine level shift affects your business? Out of forty (40) respondents, 30
(or 0.75 percent) indicated changes in quarantine levels had a significant impact on
them, 5 said they were affected, and the remaining 5 said they were not affected at all.

CONCLUSION

As a result, this study determined that covid-19 has impacted the financial stability of
business owners on the public market in Zamboanga City. This study used statistical tools to
determine the financial stability of business owners during covid-19. Using a statical tool to
determine the financial stability of public market business owners in Zamboanga City, 36 of the
forty (40) business owners interviewed responded yes to being affected by covid-19, with an
average mean of 0.8. The researchers concluded that Covid-19 has had a significant impact on the
financial stability of public markets in Zamboanga City. The results of the study also show the
financial stability of public markets in Zamboanga City before and after the Covid-19 era.
According to the findings, 20 respondents with a mean of 0.23 lowered their profit before the
pandemic, and 21 respondents with a mean of 0.53 decreased their profit during the epidemic, out
of 40 who were interviewed by the researchers. Thus, the use of frequency and mean can increase
the financial stability of the public market during the current situation. In addition the frequency
permits the researcher to quickly skim over all of the data and the mean takes into account the
results of each subject in the research investigation.
RECOMMENDATION

The researchers would like to suggest the following points for further improving the
financial stability of the public market in Zamboanga City during the covid-19 era.

1. The local government should assist in the development of a feasible strategy to assist
public market business owners in improving their financial stability.
2. COVID-19 is revolutionizing our lives in ways and on a scale, we never imagined,
and business owners should be prepared to react. Your 90-day business plan is no
longer the same. You will need a plan to change and reconfigure your business at
each stage of the crisis. If the problem is just temporary, cost-cutting and other
variable expenses like marketing, new hires, and travel might be able to help you get
through it.
3. .Keep your personal and business funds separate There should be a barrier between
your personal finances and the capital and earnings of your business. This way, you
will be able to save money for yourself rather than spending it all on business or
paying off debt. More crucially, it shields you from legal obligation in the event of a
legal snafu.
4. Market vendors can advertise their items through social media or any kind of internet
platforms to sell their products
5. Develop a communication strategy for reaching out to your employees and customers
as a business owner. Maintain excellent communication and patience throughout this
time, as even minor misunderstandings with your employees, especially customers,
might cause them to be disappointed.
6. To avoid wasting goods, the market vendors should balance the capital products or
sales that will be sold for the day.
7. Vendors should keep their location clean in order to attract customers to buy from
them.
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