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Product quality is critical in the food industry. For that reason, Baquelopad
will ensure product quality through the use of fresh ingredients, sale of only fresh
kitbe, and a focus on cleanliness. Innovations are also a goal of the company.
One way which this will be accomplished is through creating new flavors of kitbe
and toppings each month and offering them for a limited time. This will allow the
business to test new products and determine which ones are preferred by
consumers. Similarly, Baquelopad will provide seasonal kitbe with flavors
corresponding to the seasons. These treats will also only be available for a
limited time each year. Product quality and innovations will be a major focus of
the business.
Though Baquelopad will open as a single, small shop, over time the
business will strive to expand. Once the shop proves to be a success, the
business will open more stores in areas nearby the original. As the success of
the overall business increases, Baquelopad will slowly expand to a wider range
of locations. A company website will allow consumers to view everything offered
by the shop, as well as grant the option for customers to place orders. These
expansions will allow Baquelopad to be accessed by a larger quantity of
consumers.
These plans for Baquelopad are intended to help the business grow more
successful and profitable. However, through the use of financial analysis,
customer surveys, and market share comparisons, the company will be capable
of determining which of these strategies truly are productive to help the business
thrive. Evaluating the effectiveness of different methods of marketing,
Baquelopad will learn what is needed for the company to be an absolute
success.
ACKNOWLEDGEMENT
This section is intended to extend our sincere and heartfelt obligation towards all the
personages who have helped us in this endeavor. Without their active support,
guidance, cooperation and encouragement, we would not have made headway in the
project..
We highly appreciate and deeply acknowledge the following persons that have
selflessly shared their time and attention in making this business simulation duty a
remarkable experience and a success as well.
To our Business Enterprise Simulation teacher Leonor B. Castolo and our Basic
Principles of Marketing teacher Marilou Ompad , for the undying and full support to
build and design our booth. For the guidance and learning he shared on how to deal
and communicate with customers in any circumstances.
To the office of the Barangay who generously letting us borrow their tent. We are so
much grateful to you sir/ma’am.
To Erica Lopena and family for their generosity on allowing us to use their tools and
utensils. We are so much blessed to have you.
To our parents, we are so much thankful to all of you because of the financial support
and emotional support.
Lastly, to the Almighty Father who always there from the very beginning to the last
who gives us unending strength, patience and knowledge.
DEDICATION
CHAPTER I : Introduction
Marketing Aspect
Product Marketability
Target Market
In 2020, Deca phase 2 Indangan Davao City has a population of, according to
the Barangay Indangan, with an annual increase per year ( Annex B ) .
Given the data on population , Baquelophad will focus on the age bracket of 5
years old and above because most of these people are they likely to eat merienda.
There are 301,353 potential customers. The Table shows that Baquelophad has
147,655 projected target market customer of the business for the said age bracket and
it will increase the potential customer in the target market by 10% anually. It is the initial
target business due to the small number of population in the said target market.The
business will start its opening in 2020
Give the data on the Foreign and domestic tourists from the local places and
foreign countries, Baquelophad focus to to attract the Foreign and domestic tourists for
the new innovation of the product. The table shows that Baqeulophad has 153,698
Projected Tourist Customer in the business, and it will increase the projected tourist
customer by 10% annually
The Table 3 shows that the corresponding computation on daily average customer
per day,per month, and per year of the competitors supply. The first competitor has 240
daily average of customer and for the 2nd competitor has 250 daily average of
customer. to compute the number of customers per month,daily avarage customer
multiplied by 30 days to get the Supply per month.And for the yearly average of
customer, Supply per month multiplied by 12 months to get the Supply per year
Market Analysis
Table 4:
The Data for demand and supply for the market analysis in Deca Phase 2
Indangan Davao city was only limited. According to our competitors the reason why
there are only plenty of customer because of the limited resources and the location is
hard to apply it depends on your product if they like it or not.
Marketing Strategies
A. Product:
Delicacy is the key product of Baquelopad, and product quality is essential for the
success of the business. In order to ensure the product quality, this shop will emphasize
cleanliness and sanitation, use quality ingredients, and will always be sure that all kitbes
are properly made. Innovations are also an important factor in the growth and success
of the business. However, to grow a business, it is important for Baquelopad to innovate
the product. To do so, the shop will continually work to develop and test new recipe for
new flavors of kitbe. Doing this will give consumers something to look forward to in
upcoming months as well as increasing business as customers plurge on delicacy they
enjoy that are only found for a limited time. By creating new product flavors, Baquelopad
will not only grow as a business but it will also increase sales.
B. Place:
Baquelopad will open as a single shop, along with a catering service, in an area in
Indangan, Buhangin Davao City. Although the company is beginning as a little shop in a
small place, the objective of the business is to continually grow. In order to do this the
company will slowly open for more of the same business starting in nearby places, and
gradually expand to larger areas. Likewise, the catering service will grow as more shops
are opened and perhaps the ability to cater multiple events at one time will be reached.
The internet is an extremely efficient way to expand the business to a wider range of
areas; therefore, Baquelopad will develop a website on which customers can place
orders. Customers will then pick up their order at a nearby shop or if they are not
located near one Baquelopad will find an appropriate way to safely ship the kitbes.
Doing so will not only increase the number of consumers that will be able to access the
business, but will also allow Baquelopad to determine appropriate locations for opening
more successful shops, based on the areas from which the most orders are placed.
B. Price:
After Baquelopad first opens, its key objectives will include strong market share,
survival, and return on investments. Achieving these aspirations will eventually allow the
business to become profitable. Keeping these goals in mind, the company will choose
prices which are competitive with the industry. Doing so will help Baquelopad stay in
business with prices that are not high over competitors, which would likely turn
customers away. Yet by not being immensely below the market price, the business will
still be able to receive as much possible income while remaining competitive. As these
prices result in the strong market share and survival of Baquelopad, the company will
then be able to use income to pay returns on investments, and in time, receive profits.
C. PROMOTION:
Pricing Structure
The pricing of the product it defines the value that your product are worth for
you to make and for your customers to use. It is the tangible price point to let customers
know whether it is worth their time and investment. Price perception greatly affects a
consumer's decision to purchase a product. The perception of price explains information
about a product and provides a deep meaning for the consumers (Kotler and Keller,
2016).
Operational Activities
Process Flow
Location
Utilities
Forms of Organization
Proponent
Organizational Structure
Financial Aspect
Financial Assumption
a. Income Statement
b. Operating Expenses
d. Projected Balance
Socio-Economic Aspect
Significance to Community
Significance to Government
CHAPTER III : Conclusion and Recommendation
Conclusion
Recommendation
References
Appendices
a. Approval Letter
c. Appended Table
Curriculum Vitae