CHAPTER VII

SOCIO-ECONOMIC ASPECT

This chapter contains the benefits of said proposed business venture to the

society and to the economy.

Benefits to the Society

The benefits of the proposed business in the society are the following:

Opportunities for Employment. The venture would provide a job

opportunity to those jobless individuals, it will hire 6 employees specifically, (2)

Office Staff and (4) Rider.

Possibilities for Capital Expenditure. The proposed business will

contribute to the marketing of the municipality of Maasim and will inspire other

investors to set up a firm that will contribute to the growth of the economy

through the investment. The opening of a food delivery service in Brgy.

Poblacion, Maasim, Sarangani Province, will serve as an attraction, luring more

investors to set up shop in Maasim, and eventually boosting the local economy.

Cost-Effective Promotions. In addition to saving time and effort, food

delivery services allow clients to take advantage of time-sensitive discounts and

specials. Saving money on shipping costs is a win-win situation for both the

customer and the business.

Convenient. This is significantly safer and easy for the clients, since they

may place an order anytime, anywhere. Any mobile device, including

smartphones and tablets, will benefit from the delivery platform's efficiency. The

meal can be brought to their door with almost any effort on their part by simply

touching a screen or clicking a button. Consumers no longer need to put on

formal attire and go to a physical store location in order to have their orders

fulfilled.

Benefits to the Economy

This would be the benefits of the proposed venture to the economy:

Creates Employment. The proposed business will help the economy by

creating new jobs. Consumer spending is what drives the economy ahead. By

giving locals job opportunities, this business will help ease the labor shortage.

Increase in the Relevant Industries. By meeting the needs of those

businesses, the proposed company will help other related businesses grow their

operations and generate more revenue.

Income Tax Contribution. The new venture will provide a boost to the

municipal administration in its efforts to increase revenue through paying taxes.

The proposed enterprise will be required to pay permit and license fees, which

will help the local government raise money for the benefit of the locals. 

Rehabilitation and Establishment of Infrastructures. Consumers that shop

locally are essentially giving back to their community. High levels of revenue from

a successful local business will require higher costs as a result of the rising

demand. After that, the money is invested in community-friendly projects

including enhancing and expanding existing schools, building new ones,

constructing bridges, and repairing roads.