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EXECUTIVE SUMMARY
LOGO OF THE BUSINESS
Most Filipinos enjoy Creamy Pasta, either it is bought from the restaurant or
homemade. There is no exact debate about what the perfect recipe for that savory
carbonara pasta is. The popularization of Pasta is reaching its peak in the market. To
stop the saturation of the market, alternative products are being introduced. Making
use of the lofty supplies of banana and camote becomes the reason for this project.
ORGANIZATIONAL STRUCTURE
Vision Statement
To be the first major local pasta producer, utilizing locally sourced product banana
(saging) and sweet potato (camote).
Mission Statement
To provide a healthy, eco-friendly and quality pasta at the lowest possible price.
Marketing Objective
To introduce our locally developed product as well as to gain higher sales revenue to
% through engaging social media advertising strategy to attract internet-based
customer with use of different kinds of promotional and pricing strategies for
possible non-internet and internet consumers achievable by the end of 2023.
2. BAFF Matrix
3. Product Testing
Data Evaluation
This implies that 90.23% of the respondents had eaten pasta and 9.77%
had not.
III: MARKETING STRATEGY
SWOT ANALYSIS
STRENGTHS WEAKNESSES
OPPORTUNITIES THREATS
B. Marketing Demographics
Market Condition
The local market of Borongan City has a lot of sources of local Bungulan
banana from the local farmers in the area that resulted in a high volume, low value,
and highly perishable. Bungulan bananas in Maypangdan Borongan has a cheap
price for it to easily to purchase to avoid food waste. The large losses from farm to
plate are attributed to poor handling, distribution, storage, and consumption
behavior. Huge resources that could otherwise be spent on more productive
activities go into producing and transporting goods that only go to waste (Manalili et
al., 2014). To avoid waste of Bungulan bananas in Maypangdan Borongan we
decided to innovate a pasta since Maypangdan has a stable supply of pasta in the
market and based of the historical data as the population increases the demand of
pasta also increases, with these data we decided to produce and innovate pasta with
the main ingredient of Bungulan bananas and sweet potato.
Target Market
Pasta can be eaten by any gender at any age, so that the business target
market are those people from 18 below and 50 above who loves to eat different
variety of pasta., From the total 254 target customer population we only get to survey
224 possible customer of our product..
Geographicical Location
The business location will be at Maypangdan Borongan City. Maypangdan is
a barangay in the city of Borongan in the Province of Eastern Samar. The population
as determine by the 2020 census was 2687, this represented 3.73% of the total
population of Borongan. Maypangdan is situated at approximately 11.65.30,
125.4494 in the Island of Samar elevation at these coordinates is estimated at 4.9
meter or 16.1 feet above mean sea level. Maypangdan Shares a common border
with Brgy. Cagbonga, Brgy. Bayobay, Brgy. Tabunan, Brgy. Libuton and Brgy.
Maybacog Borongan City, Eastern Samar.
C. Market Analysis
1.Income status
Maypangdan Borongan City Eastern Samar has an annual Capita of P 16,500 with
5 average of household size lowat than the annual per Capita poverty threshold
estimated at P 22 886.00 set By the Easter Samar government.
2. Educational Status
Based on the survey most of the respondents that has an gae of 40-50 above
were only elementary level graduates and the age of 25-30 above were high
school and college graduates and the rest are students from Maypandan
Elementary School,Senior high School and Eastern Samar State University.
4. Spending pattern
According to the survey.The respondents are able to purchase pasta with the
budget of P100-500.00 .
D. Business Environment
1. Competition and Industry Analysis;
1.1 Competition Analysis
Sari-Sari Store Grocery Store
Staff Store Owners and Family Store Owner, Cashier,
Members. Bagger and Shipping
clerks.
Product and Service Basic Goods, Canned Fresh produce meats,
Goods and Goods on daily dairy products, canned
basis. and frozen goods.
Pricing Mark up retailing price Competitive Pricing and
Rule based pricing
Customers Neighbors and Residents Residents in Maypangdan
of maypangdan
● Dried & instant noodles is the largest category in both value and volume terms in
the filipino pasta & noodles sector
● Dried pasta category is expected to register the fastest growth in both value and
volume terms during 2018-2023
● Packaging is the most commonly used material in the filipino pasta & noodles
sector,
Historical Perspective
Pasta?, The word itself is Italian for ''paste,'' referring to the paste-like
consistency of the dough. Obviously, Italians aren't the only people in the world to
make noodles (the Chinese hold the record for the world's oldest noodle culture), but
what makes Italian pasta unique is the set of ingredients. The nature of ancient pasta
is debated, but what we would recognize as pasta was unquestionably in existence
by the late medieval era. Around the 13th century, records of pasta started popping
up all over Italy. Why? Italy was just entering an extended period of growth,
sustained by the wealth coming in from the newly opened Silk Roads. Italian
merchants were amongst the first people to really profit from this new era of
international trade, and many historians believe that it was their frequent mobility and
new wealth that led to a sharing and interest in local pasta recipes across the
peninsula.The exact origins of Italian pasta are hotly contested. We know that the
Chinese were making noodles as early as 5,000 BCE, and some people believe that
Chinese techniques were passed through ancient trade routes into the
Mediterranean. Others believe that Italian pasta techniques are more native. The
earliest possible evidence of Italian pasta dates to the Etruscan civilization. A 400
BCE Etruscan tomb in Tuscany contains reliefs of objects that some historians
believe to be ancient pasta-making tools.
2. Demand ( Historical )
Suplly ( Historical )
Year Sales
2018 16,250
2019 16,875
2020 18,180
2021 18,750
2022 17,575
Demand ( Projected )
Year Demand
2023 13,491.75
2024 13,573.5
2025 13,655.25
2026 13,737
2027 13,818.75
Supply ( Projected )
Year Supply
2023 17,906.5
2024 18,237.5
2025 18,568.75
2026 18,900
2027 19,231.25