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Chapter 3 Final
Chapter 3 Final
Proponents:
Vhon Nicole F. Falco, Red Wayne C. Ilagan, Jeffrey S. Inofre, John Nicko M. Lirio
Christian Paul M. Sarabia
Research Abstract
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
ACKNOWLEDGEMENT
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
CHAPTER 2
CHAPTER 3
MARKETING ASPECT
study. The success of the company and its offered products or services is dependent
on how they are introduced to its potential market. This chapter provides a description
of the market which includes the primary uses of the product, geographical areas of
distribution, methods, and channels of distribution. This part of the paper also
contains quantitative data such as the computation of the sample size, domestic
demand, projected demand, historical supply, projected supply, and projected sales.
Other contents of the marketing aspect are the factors affecting trends in past and
A. MARKET DESCRIPTION
residents, the city experiences recurrent water interruptions affecting nearly 45% of its
through its innovative home water faucet alarm system. Its user-friendly design and
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
real-time alerts aim to empower residents, making water conservation accessible and
sustainability initiatives. Moreover, the market potential for TapGuard extends beyond
addressing interruptions; it fosters a cultural shift towards responsible water usage. Its
water management practices, catering to the needs of its vibrant and forward-thinking
populace.
System for Water Conservation. The system's main function is to prevent water
waste by quickly identifying and alerting users to the presence of leaks from
With the power of online marketing, this exceptional product will soon be
markets, accessories shops, hardware shops, small malls, and local appliance
derived from pineapple leaves and cornstarch to the market, PINE Solutions Inc.
maximize reach and accessibility while aligning with consumer habits and
preferences.
TapGuard through wholesalers, allowing for bulk orders. This strategy enables
the sale of the product to various entities, including retail businesses, online
sellers, and direct sales to end-users. By utilizing wholesalers, the product can
strategy aims to make the water conservation alarm system easily accessible to a
and visibility for potential customers who prefer traditional shopping experiences.
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Direct Seller: AQUA Solutions Inc. will establish direct channels to reach
agencies, and financial institutions. This direct approach ensures that TapGuard
designed for easy ordering and user-friendly navigation. This platform will cater to
both end-users and retailers, facilitating effortless order placement and payment
processing for TapGuard. This strategy aims to capitalize on the convenience and
V. Channels of Distribution
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Figure 2. Channels of Distribution
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
B. DEMAND
to adopt a particular product. This metric not only gauges the product's desirability
but also forms the basis for calculating the company's potential profitability over
the years, factoring in the total manufacturing cost and the established price.
The increasing demand for ‘TapGuard’ over the years signifies a stable
conducted by the researchers as part of the study. This investigation not only
affirms the observed rise in demand for ‘TapGuard but also serves as empirical
evidence supporting the viability and potential market acceptance of this eco-
friendly alternative.
The target population of this study is the residents of Sto. Tomas City.
have determined a sample size of 399 respondents from the total forecasted
population of Sto. Tomas City for the year 2023. This strategic selection method
will play a pivotal role in gathering essential data for the study, enabling a
Table 1.
Year Population
2000 80,393
2010 124,740
2015 179,844
2020 218,500
Data Source: Philippine Statistics Authority
The table shows the total population in Sto. Tomas City, Batangas, from
researchers use the average annual growth rate formula to forecast the
No . of Years
Where:
218,500−179,844
×100 %
179,844
Average Annual Growth Rate=
5
Therefore,
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
The average annual growth rate formula is equal to the difference between
the final value and the initial value, divided by the initial value. The quotient will
then be divided by the number of years and multiplied by 100 percent. To get the
forecasted population in 2021, 2022, and 2023, the preceding year's data is
multiplied by the sum of the constant, 1, and the average annual growth rate.
Table 2.
Year Population
2019 209,105
2020 218,500
2021 227,893
2022 237,690
2023 247,908
The sample size for this study will be determined using Slovin's formula at a
95% confidence level and a 5% margin of error. Following the calculations of the
Slovin’s Formula
N
n= 2
1+ N e
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Where:
n = sample size
N = population
e = margin of error
The population of this study is 247,908 individuals and the margin of error
247,908
n= 2
1+ ( 247,908 )( 0.05 )
Upon rounding up, the computed sample size for the survey is 400
respondents.
ANALYSIS OF RESPONDENTS
Table 4.
Gender of Respondents
Note: The highlighted entry in the table garnered the most responses.
3. How often does water supply interruptions occur in Sto. Tomas City,
Note: The highlighted entry in the table garnered the most responses.
bahay?)
4.1 If yes, please specify: (Kung oo, tukuyin ang alin man sa mga
pamimilian)
5. What are the primary activities or habits in your daily routine that
consume the most water? (Ano ang mga pangunahing gawain o gawi sa
tubig?)
Note: The highlighted entry in the table garnered the most responses.
at all – 1), how concerned are you about water conservation? (Sa antas
7. Have you heard about “TapGuard”, the home water faucet alarm
faucet alarm?)
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APPEAL QUANTITY PERCENTAGE
Yes 15 3.75%
No 385 96.25%
TOTAL 400 100.00%
Note: The highlighted entry in the table garnered the most responses.
9. Are you interested in buying the water faucet alarm system? (Interesado
No 48 12%
TOTAL 400 100.00%
Note: The highlighted entry in the table garnered the most responses.
10. How much are you willing to pay for it? (Magkano ang handa mong
alternatives, fostering a greener and healthier future for generations to come through
Year Population
2019 209,105
2020 218,500
2021 227,893
2022 237,690
2023 247,908
Data Source:
Total
Percentage of number of Frequency
Annual
Year Population Users Willing households of
Demand
to Buy willing to Agreement
buy
2019 209,105 95.50% 199,696 0.20 39940
2020 218,500 95.50% 208,668 0.20 41,734
2021 227,893 95.50% 217,638 0.20 43,528
2022 237,690 95.50% 226,994 0.20 45,399
2023 247,908 95.50% 236,753 0.20 47,351
Source of data: Municipality of Sto. Tomas, Survey
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Formula: 𝑌𝑐 = 𝑎 + (𝑌𝑖−1)
𝒀𝒏− 𝒀𝒄
where: 𝒂 =
𝑵−𝟏
𝑌𝑖 = 𝑖𝑛𝑖𝑡𝑖𝑎𝑙 𝑣𝑎𝑙𝑢𝑒
𝑌𝑛 = 𝑓𝑖𝑛𝑎𝑙 𝑣𝑎𝑙𝑢𝑒
𝑁 = 𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑦𝑒𝑎𝑟𝑠
𝑌 𝑖−1 = 𝑣𝑎𝑙𝑢𝑒 𝑜𝑓 𝑡ℎ𝑒 𝑝𝑟𝑒𝑣𝑖𝑜𝑢𝑠 𝑦𝑒𝑎𝑟
Solution:
a = 𝑌𝑛 − 𝑌𝑐
𝑁 – 1
a= 47,452 – 39,940
5 – 1
𝒂 = 𝟏,853
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Table 1.24
Annual
Year Demand X a YI-1 Yc Y-Yc
2019 39,940.00 1 1,853
2020 41,734.00 2 1,853 39,940.00 41,793 -59
2021 43,528.00 3 1,853 41,793 43,646 -118
2022 45,399.00 4 1,853 43,646 45,499 -100
2023 47,351.00 5 1,853 45,499 47,352 -1
Total 26,971
To compute for standard deviation:
𝟐
𝜎 = √𝛴(𝑌−𝒀𝒄)
𝑁
𝜎 =√ 26,971
5
𝝈 = 73.4452
17.39%
𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑅𝑎𝑡𝑒 𝑜𝑓 𝑅𝑒𝑡𝑢𝑟𝑛 =
4
Table 1.25
Year to % ↑ As of
Annual
Year Year Prior Year’s Yc Y-Yc (Y-Yc)^2
Demand
Increase Data
2019 39,940.00
2020 41,734.00 1,794 4.49% 41,677 57 3,249
2021 43,529.00 1,795 4.30% 43,549 -20 400
2022 45,400.00 1,871 4.30% 45,423 -23 529
2023 47,352.00 1,952 4.30% 47,375 -23 529
Average % Increase 6.99% Total 4,707
√
2
Σ ( Y −Y C )
σ=
N
σ=
√ 4 , 70 4
5
σ =30. 6822
C. SUPPLY
I. Historical Supply
I. Unsatisfied Demand
E. COMPETITIVE POSITION
and fortifying a company's advantage relative to its competitors within the market
specific needs of customers. The objective is not only to meet customer demands
but also to strategically differentiate the company from others in the market,
value proposition, a company can effectively carve out its niche and build a
Water usage is a critical aspect of daily life, and its responsible management is
water usage is crucial to ensuring a stable and sufficient water supply for current
real time, TapGuard serves as a proactive tool in assessing and curbing excessive
consumption at the household level. The system goes beyond mere observation,
Table 1.41
Suggested Retail
Brand Name Picture Product Quality
Price
Table 1.42
SUGGESTED
BRAND NAME Picture PRODUCT QUALITY
RETAIL PRICE
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Php 400.00
Php 89.00
F. MARKETING PROGRAM
business objectives, addresses the specific needs of the target market, defines
reflecting its economic, social, and individual interests. For A.Q.U.A Solutions
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with the highest potential to engage with promotions and the product. Factors
crafting a brand image that resonates with the target market's perceptions,
making the product not only attention-worthy but also justifying a higher price
point.
company's identity. This strategic approach is essential for attracting the target
I. Product
II. Placement
III. Promotion
In an era where technology seamlessly integrates into the daily lives of the
its target market, effectively conveying the myriad benefits of adopting the
innovative Tapguard.
IV. Price
G. SWOT Analysis
tailored business procedures that align with current goals and objectives. In
strategies to realize their objectives, navigate risks, and elevate their overall
operational efficacy.
Strength
Weakness
vulnerability, and any technical issues could lead to dissatisfaction among users.
Opportunities
eco-friendly solutions.
Threats
market share.
H. Projected Sales