Professional Documents
Culture Documents
In Business Administration
By:
Castillo, Catherine R.
Dionglay, Jonalyn M.
Laloma, Ronalyn
Magpantay, Mark A.
To:
May, 2019
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
TABLE OF CONTENTS
TITLE PAGE
I. Executive Summary
A. Political Factors
B. Economic Factors
C. Social Factors
D. Technological Factors
E. Legal Factors
F. Environmental Factors
A. Product
B. Place
C. Price
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
D. Promotion
E. People
F. Process
V. Financial Plan
VI. Findings/Conclusion
VII. Recommendation
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
I. Executive Summary
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
STRENGTH
One of the strength of our product can improve the literacy and health
consciousness that will increase use of mosquito repellants that may help us to
improve the sales of the products. It is a multi-purpose product that is fairly
enough for a higher price. It is indeed has a great advertising strategy and the
proponents used a in demand yet cost free form of advertising which are the
social networking sites that will surely reach a large number of possible
customers and our product is easily available considering that it will be available
online and we have a physical store located at Brgy. Bagumabayan, Tanauan
City, Batangas.We have a strong customer base since the proponents gather a
market survey to know the consumer’s needs, wants and their expectations to
the product that we serve. The proponentsaims to build a good relationship with
customers considering that they are our source of income. Lastly, the product
will surely have a competitive advantage considering that it has a lot of purpose
compared to other candle and it is much safer compared to mosquito coil.
WEAKNESS
One of the weaknesses of the product is pricey due to the high quality materials
used in making it. Most especially the lavender. The product is new to the market
that will be one of the weaknesses that will affect the consumption of it because
some of the people don’t take a risk to try a new product.
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
OPPORTUNITIES
THREATS
There is a rising competition in local markets since there are lots of existing
company who sells insect repellants in many forms like liquid refills, mosquito
coils and creams. The other threats is the product can cause fire but it can be
avoided with the consumer’s supervision.
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
Product
Candles have been used as a light source but nowadays it can also be
used as a décor in home and hotels. A candle is a symbol celebration, romance;
soothe the scene, ceremony, joy, décor items. And now as we offer our new
product, it may also be Aromatherapy Anti-mosquito Candle that may help
people to avoid dengue and from mosquito bites. Increasing in consumption of
eco-friendly candles, and rise in demand candles for home decoration purpose
will be going to create good opportunities in the candle market.
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
Price
The pricing strategy of the partners is to optimize the shared profit and to
get large sales volume while maintaining the great quality of the product.
The product cost Php30 that contains 20g and Php150 with 100g. The
candle that costs Php30.00 comes with jar for safety purposes in case that a kid
or dog accidentally pushes it. The other candle that cost Php150.00 also comes
with a jar and a lid. The safety of our customer is our top priority. We promised to
provide them products that undergo quality check.
Promotion
2. We will strengthen the power of the word of mouth as one of the most
effective yet cost free way of advertising. We will provide a good
quality product that has promising features that will not satisfy the
customer but can make them delighted. In this way, the delighted
customers will be the one to advertise our product that will optimise the
brand awareness and give a lot of positive review about it.
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
Website:
http:/facebook.com/antimosquitocandle
http:/instagram.com/antimosquitocandle
Place
should have easily and readily accessible routes that’ the physical store will be
located at Zone 1, 037 Brgy. Bagumbayan, Tanauan City Batangas, walk in
customers will be entertained but the main focused of our business is to sell
online due to its current trend that will help to maximize the brand awareness to
make our product famous nationwide.
People
Organizational Structure
Mark A. Magpantay
General Manager
Process
Making a candle is not as easy as 1, 2 and 3. You will need raw materials,
machines and man power. We don’t just invest money, we give time.
Seeking for a supplier plays a major role in the production because they
are the person who provides a product or service to provide another entity. They
play a major role in the in the production since every raw materials come from
them that is why we look for a trusted supplier that will not affect our production.
And here are the process flows for making our Anti-Mosquito Candle.
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
Let the wax cool Slowly pour the wax Allow the wax to set
before putting it in into the container, for four hours.
If the candle is
hardened without
cracks or holes, then
it is done.
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
V. Financial Projection
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
VI. Findings/Conclusion
DMMC INSTITUTE OF HEALTH SCIENCES PAGE
VII. Recommendation