Establishment of "Earthen Green Shop at Montalban town center mall/ Keith Xyrine G. Aquino...[et.al.]
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TextPublication details: 2024Description: xviii. 159 leaves; illustrations, 28 cmContent type: - text
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- volume
- LG 221.R59 .Es81 2024
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Undergraduate Thesis Bachelor of Science in Business Administration major in Human Resources Management University of Rizal System, Rodriguez, Rizal 2024
Jute is a natural fiber with a golden and silky shine, because of which it is also called "Golden Fiber." It is 100% biodegradable and recyclable, making it eco-friendly. In addition, jute is the cheapest vegetable fiber procured from the bast or skin of the plant's stem. Jute can be spun into strong threads. The plants from which jute is obtained grow in warm and humid regions, mainly in India. The world's largest producer of jute is India.
Earthen Green Shop; come with a variety of products, the sizes will be small, medium, and large; and the designs will offer four variants, such as plain jute bag designs, abstract designs, art line designs, and quote designs.
The proponents want to establish a business that will complement the product's looks and quality and appreciate where the jute bag is made from. Earthen Green Shop is an independent business that has no branches yet and serves its customers directly. For those customers that find the place inconvenient, Business Venture offers an online shop for delivery in order to partner with Shopee and TikTok.
The proposed business is called "Earthen Green." The term "Earthen refers to Earth and the color "Green" signifies a very practical color. It might be a metaphor for growth and fresh starts. Green is strongly associated with nature and conjures images of lush grass, trees, and forests. The words Earthen and Green were combined because they represent how to care for our planet and how crucial it is to utilize items that are safe for the environment. Jute sacks are the main materials and what make the product unique. Jute material is a natural vegetable fiber that is made from the outer stem and skin of a jute plant. Jute is an incredibly versatile material that also makes up hessian cloth; however, it is most commonly used now for making durable items such as eco-friendly jute bags. The main materials and uniqueness of the product are jute, which is very strong and highly durable, 100% biodegradable (it degrades biologically in 1-2 years), low-energy recyclable, and poses no threat to the environment. Carrying products in a jute bag poses no threat to hygiene. Jute bags can be used multiple times. Jute fiber is most commonly used in fabrics for packaging a variety of agricultural and industrial commodities that require bags, sacks, packs, and wrappings. This will be attained by using a sewing machine, using high-quality materials, and strictly following guidelines.
This study entitled "ESTABLISHMENT OF EARTHEN GREEN SHOP JUTE BAG IN MONTALBAN RIZAL" would mainly focus to the following: (1) To obtain customer's satisfaction by innovating and adapting new design of changes. (2) To serve unique products at affordable yet high quality and reusable products for every customer. (3) To locate a strategic area that target market can purchase a reusable product and can last for several years in Montalban Rizal. (4) To identify the duties and responsibilities to be accomplished at Earthen Green Shop Jute Bag, located in Montalban Town Center,
A partnership is a formal agreement between two or more parties to manage and operate a business and share profits and liabilities. Earthen Green Shop is a general form of business partnership established by four individuals who have similar skills and interests. A general partnership is a type of business organization in which two or more people agree to share all the assets, profits, and financial and legal obligations of a shared ownership business.
The business requires two (1) staff and two (2) production staff. Overall, the required personnel are three (3), which are stall staff and production staff. It requires the functions of managing overall operations, stitching, cleaning, placing orders in a physical store, and selling the products online. Regular employees have one rest day and eight working days. The business will operate from Monday to Sunday, with operating hours from 10:00 a.m. to 7:00 p.m. The proposed business will operate seven working days in a week and thirty days in a month. The salary varies depending on the positions of the employees and also the mandatory government contributions like 13th month pay, overtime pay, holiday/premium pay, SSS, Pag-IBIG, and PhilHealth. The total salary that employees can receive is referred to as their net pay.
The marketing strategy of the business will be 4 P's of marketing: Product, Pricing, Place and Promotion. Jute bag uniqueness and main materials are jute sack natural vegetable fibre which is made from the outer stem and skin of a jute plant, 100% biodegradable and eco-friendly. The proposed selling price jute bag products start from P185.00 to P280.00 medium size, and large size P195.00 to P300.00. The pricing strategy that will used in the business is Cost based Pricing; the simplest pricing method is cost plus pricing which is adding average mark-up to the cost of the product. The business will be located in the Footbridge 2nd floor of Montalban Town Center Mall. In today's era, Montalban Town Center is one of the famous shopping malls, grocery store, and food services in Montalban, Rizal, to which a huge number of people are always passing by.
The company aims to create jute bags suitable for all ages, including employees, students, freelancers, and unemployed individuals. It will be located at Footbridge 2nd Floor, Montalban Town Center Mall (Rizal). Promotional campaigns will involve online marketing and partnerships with platforms like Shoppe and TikTok. The production process includes raw material purchase, inspection, preparation, cutting, printing, final checking, packaging, shipment, and service or delivery.
The proponents used various formulas to determine the potential customer within the target market, as well as the employee's salary and required contributions. The outcome of survey data was determined using statistical tools such as percentage and frequency. Various financial statements and production costs were performed to determine all expenses and whether the proposed project is effective. The researchers recommend customer satisfaction, development, and efficient management.
Production cost includes all expenses incurred in creating the product such as cost of raw materials, cost of consumable materials, transportation expenses, utility expenses, and cost of salaries and wages. The monthly cost of purchasing supplies will be 3,144.00, 1,500.00 for the Transportation Expenses, 2,000.00 for Utility Expenses, Stall Rent and Stall Materials Expenses 16,000.00, Production Rent Expenses 4,000.00 and P 32,160.00 for Salaries and Wages, with the Total Production Cost of P58,804.00. The computation for these expenses is in the financial study.
A feasibility study was carried out in order to determine whether jute bags could be a new product on the market. It is consumed in various ways due to its being 100% biodegradable, recyclable, and therefore eco-friendly.
The study's importance to the government and community is demonstrated by the socioeconomic research. This region demonstrates that businesses work not only for profit but also for the benefit of the general public. The researchers in this study take into account every aspect of the business, including the social influence on the community, in order to achieve a high trading system. The store is surrounded by different business competitors, so from the 443,954 total population of Montalban with a 96% confidence level and a 6.93% margin of error, the probability of proponents achieving the tendency of successful venture will range from 200 to 200. 200 is the total sample size of respondents that are needed to survey.
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