ABM B GROUP 1 Business Plan
ABM B GROUP 1 Business Plan
ABM B GROUP 1 Business Plan
In Partial Fulfillment
of the Requirements for the K to 12
Enhanced Basic Education Curriculum
Submitted by:
Dalangin, May
Submitted to:
Mrs. Raquel Perez
Subject Teacher
JUNE 2022
Bauan Technical Integrated High School iv
TABLE OF CONTENTS
Page
TITLE PAGE………………………………………………………………. i
ACKNOWLEDGEMENT………………………………………………….. v
INTRODUCTION………………………………………………………….. vii
SECTION Page
1. EXECUTIVE SUMMARY………………………….. 1
a) Target Market………………………………………. 5
b) Strategic Actions………………………………….. 6
c) Current Business Position…………………….… 7
d) Managerial and Technical Expertise
of Key Personnel…………….………………….… 7
e) Financial Requirements.………………….……… 8
b) SWOT Analysis…………………………………….. 31
c) Business Model……………………………………. 35
6. MARKETING PLAN………………………………… 49
a) Product Description………………………………. 49
b) Branding…………………………………………….. 59
c) Business Logo…………………………………….. 61
d) Packaging…………………………………………… 63
e) Pricing………………………………………………. 64
f) Channel of Distribution………………………….. 67
g) Distribution Channel……………………………... 68
h) Online Promotion…………………………………. 71
i) Target Market………………………………………. 75
j) Marketing Objectives……………………………... 77
k) Marketing Strategy and Activities……………… 78
l) How will Business Raise Revenue…………….. 79
m)Factors that will help the Business Grow……. 80
7. TECHNICAL/OPERATIONAL PLAN………................. __
a)
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8. FINANCIAL PLAN……………………………………….. __
a)
9. SOCIO-ECONOMIC CONTRIBUTION………………… __
a)
10. APPENDICES……..…………………………………… _
Bauan Technical Integrated High School v
ACKNOWLEDGEMENT
To all our mentors in the applied and specialized courses of our strand,
Ms. Ma. Concepcion Reyes in Entrepreneurship Teacher, Ms. Ma. Vettina Ilagan
Teacher, Mr. Lauro Agena in Business Eithics and Social Responsibility Teacher
Teacher.
The proposal of this business opportunity becomes a reality with the kind
support and help of many individuals. The student entrepreneurs would like to
We'd also want to thank Mrs. Joji C. Balaquit, our Business Simulation
teacher, for motivating and guiding us in crafting our game plan. For always
believing in us. For teaching with passion. We couldn't have created this
collaboration, effort, and time. Also, to our family for their love, support, and
prayers.
best. Thank you for your financial, moral, and physical support of our project. I
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vi
owe a great debt of gratitude to my devoted parents. In my ears,
way inspired me to do my best. Just wanted to thank you for everything. Thank
you for offering help. Thanks to your help, school is easier and more enjoyable.
Thanks for helping me out during your busy day. I'm thankful that I have
Your help is much appreciated. I'm incredibly fortunate to have such a thoughtful
friend nearby.
Above all, we want to thank God Almighty for his intellect, patience,
strength, and good health, for providing us with the advantages, information, and
knowledge, and comprehension. We only been able to fly on His wings, but he's
provided us the ability, knowledge, and fortitude to complete our study. we also
thank God, who never fails to lead us and give us energy. We appreciative of
His assistance.
Bauan Technical Integrated High School vii
INTRODUCTION
universal product that can be found in all homes, canteen, laundries, hotels and
Soaps are used for washing and bathing hence the demand for soap is hardly
affected by economic meltdown due to the important role the product plays in
soaps, detergent, and other synthetic items, with different scent and packaging.
Major players in the soap retail industry do not just serve the market within the
locality they operate from, but also pave the way for business opportunities to
that offers online delivery and physical stores to sell cost-effective products can
be a useful and profitable way of doing business. When the COVID-19 pandemic
spread all over the world it had a huge effect on people's living and since
Filipinos are active on social media, it is a great opportunity for this business to
The Soap Retailing industry is indeed a growing and thriving sector of the
economy of most countries of the world and they generate several millions of US
dollars annually from several registered and licensed small – scale, medium
scale and big soap retailing companies scattered all around the locality. Soap
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retailing is a profitable industry open to entrepreneurs. With this kind of
business, if you want to start on a small scale, you can choose to start servicing
your local community. All you would need is contacts, packaging, networking
Over and above, the soap retail industry is open for any aspiring
entrepreneur to come in and establish his or her business; you can choose to
large scale with a robust distribution network all across major cities. Thus,
starting a business whose products are used on a daily basis, such as these
soap products, is the sure way to go if indeed you want to spend less effort in
digits during 2020, retail volume sales of laundry care were little better than flat
2020 following the emergence of the pandemic and subsequent lockdown, which
soap retailing industry, particularly in the Philippines, with local brands and
companies of MaxGlow, Sabon Stations, Sabon Depot, and many other retailing
(2021), despite the fact that loads of entrepreneurs are delving into soap making
business, the market for liquid soap is still pretty large and will still continue to
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grow because it is a necessity for most homes, offices, canteens, laundry
That means if you truly want to make it big in this business, you must be
willing to work hard to be able to gain your own fair share of the available
market. As such, if you are tinkering with starting a business that requires low
start – up capital and little training and technical skills, then you may want to
tinker with starting your own soap retailing company at small to medium scales.
Thus, Bubble Bliss Enterprise is a soap retailing business that shows the
public the wide variety of soap and household cleaning products with an aim of
it establishes the brand presence both virtually and physically. There's also the
of more openness and honesty. Customers can choose among the various
Dishwashing and laundry soap will be retailed and sold at retail prices by
Bubble Bliss Enterprise, but once the company embraces corporate growth, we
for the company. We will be distributing and retailing cheap loose laundry
fabric conditioner or softener, all of which are almost the same quality but are
available at lower pricing. These items are produced for large orders from the
supplier, and the company is thinking about rebranding to build its brand identity.
upgraded.
transaction set-ups aims to help people who don’t want to leave their homes
in the proposed soap retail business helps our government and also the
crisis.
The proposed business will provide the customers with high-quality and
affordable soap products and cleaning agents. The sellers will assure the people
that our product is high quality and worth it to buy, given its gentleness to the
particularly to those within the barangay, who are earning just enough money
and finds difficulties in attending the needs of the family, specifically due to the
and other parts of the home, along with its scents, are very much similar to the
struggling to suffice and keep up with the increasing prices of these commodities
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brought by inflation, and looking to save time and money during these
busy and tough economic times in an easy and convenient way by patronizing
pickup and meetup are recommended. The funds to be used for resources
needed, production, and operation will come from the company’s budget and
in the community; it is to take care of the environment even at the simplest ways
wherein its business partners enjoy a protected investment. Each partner will
SECTION 1
EXECUTIVE SUMMARY
various laundry and dishwashing soap products within Brgy. Manghinao Proper,
Bauan, Batangas, where customers are able to browse a wide variety of soap
despite having a physical store just to provide the needs of those people with
fear of leaving their houses because of the threat of pandemic. Bubble Bliss
satisfy the customers with a unique cleaning experience offering quality, variety,
price and service, based on the attention and commitment of the employees. We
are also in business to make profits at the same to give our customers value for
their money; we want to give people and businesses who patronize our soaps
and detergents the opportunity to be part of the success story of the company,
more importantly, for addressing the market need and gap on the increasing
prices of these commodities for typical Filipino families and households with low
the product that the business offer will include: dishwashing detergents,
powdered detergents, fabric conditioner, liquid bleach, and laundry bar soaps, all
of which are on specific volumes and scents that will cater the needs and
the range of the business and attempting to enter the market online just to cope
fast food, computer shops, trading, pharmacies, and even online apparel. The
group came up with a list of the most commonly used household and industrial
items to produce and sell, as we believe this will effectively meet the needs and
soaps and cleaning detergents were of comparable quality but were priced
most of them are unable to pay the price inflation of the leading brands and
into the local market by offering the pioneer distribution of these high-quality yet
economical household cleaning products at extremely low and cheap costs, that
is budget-friendly for typical Filipino families with low to average income. For our
distribute to other barangays while maintaining the same high level of customer
service and competitive pricing. What's great about this business is that it gives
of the most in-demand needs of the household, and given that it is used for
cleaning the dishes and laundry on a day-to-day or regular basis, it is one of the
staple household needs for everyday use. Having said that, Bubble Bliss will
serve as an emergent retail business in the barangay, and its main competitors
include the sari-sari stores that sell the branded commodities of dishwashing
field of pricing. With the prevalence of market competition of soap retail in Bauan
selling, Bubble Bliss Enterprise will be going to set itself apart through exemplary
all of which can be made viable through extensive market research. The
As our business capitalizes the potential market through online aside from
its actual store. Since in today's crisis the most accessible way of shopping wins
the heart of the customers, Bubble Bliss Enterprise is able to compete in the
satisfaction.
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The business will open a small physical store in the heart and center of
the said locality to which it will operate, marketing on its specific niche, which the
target market is the household members and citizens of Brgy. Manghinao Proper
and other nearby vicinities, within 18-65 years of age. The entity will aim to
provide products on its target market/customer, all the households and end
affordable laundry and dish cleaning experience through our pure and high
household members, who are particularly from families with low to middle class
effectiveness, and strategies that will catch the people's needs and wants, and
through marketing efforts for the environment to heal from the pain of plastic
pollution.
dishwashing and laundry soap products, but as soon as the enterprise embraces
producing originally made products for the business. The entity will be
distributing and retailing cheap Ariel loose laundry powder, Joy Dishwashing
softener, all of which are almost the same quality but are available at lower
dishwashing formula with antibacterial and grease-cutting power for a faster and
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more efficient removal of grease, fats, and oils from dishes, pots, and other
kitchen utensils. Tough stains and dirt can be removed through Sabongga
Powdered Detergent. This powder detergent will help the market remove even
the toughest stains in just one wash, while brightening their white clothes to
make them look clean like new. Bubble Bliss Solace Fabric Conditioner is a
laundry product used for softening fabrics when washing clothes and used for
items are produced for large orders from the supplier, and the company is
thinking about rebranding to build its brand identity. To reinforce the quality of
upgraded.
The entrepreneurs will work with a direct supplier from Cavite, Batangas
and Laguna to manage the shipping of our products. To ensure that the
rebranding terms and conditions are adhered to ethically, the supplier and the
business owners will come to an agreement over product quantities for bulk
convenient capital cost for each product unit, and also offer a cheap selling price
to our consumers.
Market
within the locality and nearby areas to which the business will operate, Bubble
the company goals and to achieve a greater market. The existing market has
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many competitors such as popular store like Sabon Stations, Sabon Depots,
Sabon Nation, Blaze Clean, Lazada and Shoppee online shops, and retail
strategy like expanding the range of the business and attempting to enter the
market online just to cope up with the drastic changes in the market due to the
pandemic.
studies and market survey so as to enable us locate the business in an area that
will support the growth of the business and also for us to be able offer much
Given that there is still a pandemic, the market grows slowly due to the
massive effects of it. However, researchers reveal that through using online
platforms to advertise the product and raise brand awareness, businesses help
the market to progressively arise. The pandemic greatly influences the major
trends in the target market. In terms of consumer preferences, they want to allot
their money on more useful and dual-purpose products. The demographic shifts
consumers nowadays are seeking for a product that is worth spending for and
Strategic Actions
The business has laid out a long-term strategy for achieving a set of goals
wholesaler and retailer of daily household cleaning agents, such as that of soap
products. Bubble Bliss Enterprise provides easy access to the products required
selling them directly to customers with well-known good products and services.
Through this, it will be hassle-free as goods are being handed over to your store.
In our current situation, the first thing to consider is the quality of products
we deliver to our customers’ door. We are also looking to double our manpower
to fill all departments with additional assistance thus further expedites the
personnel, our business ensured that the proponents of our business were fully
dedicated and the personnel were all highly skilled and well experienced,
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relative to the position or department to where they were assigned. They should
have a high degree of integrity and always have concern for new ventures.
Furthermore, all personnel are willing to learn and understand what they do not
Financial Requirements
For the capital,we came up with a starting amount of five hundred eighty
major needs in putting up the business, including initial capital for the products
from the supplier, along with legal documents and permits, branding, advertising,
and other rental fees to be incurred in establishing the business. We plan to buy
an estimated worth of ₱140,000 soap products and ₱19,500 for managing the
and all other legalities required to start the business. For establishing the store
beside the highway, near hospitals and other establishments. The estimated rent
cost is at ₱7,000, monthly, while the rest of the remaining funds are for cash
be incurred upon opening the business. The aforementioned amount will come
from both debt and equity financing, and all the entrepreneurs will invest the
equal sum of initial capital for equal distribution of income upon running the
as headed to. We make sure that the net income of our business will remain
steady and the return of our investment plus the increasing growth will be
expected before the target period of time. Our capital is all reasonable and
return of investment. This will make sure that all the cash flow, sales growth and
SECTION 2
Despite the fact that loads of entrepreneurs are delving into soap
retailing business, the market for liquid soap is still pretty large and will still
laundry shops, amongst others. Soap retail companies are involved in selling bar
soaps, liquid soaps, and detergent, with different scent and packaging, all at
suggested retail prices. Major players in the soap retail industry do not just serve
the market within the locality they operate from, but also it paves the door of
Washing Powder, Soap and Synthetic Detergent retailers market various soap
medicated soap, industrial soap, soap flakes, soap powder, and synthetic items.
Synthetics include laundry and dish detergents. IBIS World research shows that
in the previous five years, overseas soap manufacturers have competed heavily
domestic demand. In 2019, the global laundry detergent market was valued at
just under 120 billion U.S. dollars. The market's value is projected to keep
growing with each consecutive year, reaching about 180 billion U.S. dollars by
Anent to this, the name of the company is Bubble Bliss Enterprise in which its
Landicho, Gwen Ashley P. Dela Pena, May C. Dalangin, Shaira Mae U. Olano,
and Kurt Russel Casa. It is also known as “silent partners” wherein they are only
liable for the sum they invested in the business. Business partners signed an
agreement regarding the company’s terms and policy, length of the partnership,
and decision making and resolving disputes. The shareholders of Bubble Bliss
friendly and affordable dishwashing and laundry soap.These products are made
for bulk orders from the supplier and will be considering rebranding to establish
can't afford the rising price of top brands, so they favor local brands.To fill the
market gap in terms of pricing and volume, Bubble Bliss Enterprise will sell
laundry and dishwashing soap but per kilo, all of which are almost the same
industrial items to market, believing that these formulated retail soaps and
cleaning detergents of the same quality but priced significantly lower than
leading brands will effectively meet the needs and demands of Manghinao
Proper residents and even the other barangay next to us. We intend to open this
brands and prefer to support local businesses. Given the growing number of
the area because it uses bubbles as a symbol for soaps, which the owners say
makes the store stand out from the others. Bliss, on the other hand, is a state of
absolute and unadulterated joy, fulfillment, and tranquility. The company's goal
is to make our clients happy by providing excellent customer service and selling
high-quality soap products that meet their everyday home needs at a price they
can afford. This is one of the company's visions. The entrepreneurs have used
our brand name for customers to be able to easily distinguish and recognize the
brand.
The brand color chosen is blue. The blue color mainly represents
the entrepreneurs preferred to center its brand color and brand name
synchronized to how they are confident with the quality of the products, along
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with how these high-quality and affordable products may be able to provide
Moreover, visible in the brand logo is an icon of bubble with a cloud, that
represents the entire explanation of the business name itself. The logo comes
with the business tagline, “Damit at plato, malinis at mabango, sigurado!”. This
will embody how we want to be able to ensure the cleanliness of laundry and the
dishes through reselling products, at the same time ensuring the scent and over-
all shine of the household items where the products may be used.
laundry and dishwashing experience with our pure and high-quality goods, which
increase our sales of dishwashing and laundry soaps and increase its market
share by 30% upon penetrating the market. Aside from that, we’re in business to
earn money while also giving our customers good quality products; we want to
provide people and companies that buy our soaps an opportunity to become a
values, the product varies from other brands when it comes to packaging,
Bauan Technical Integrated High School 14
pricing, availability, and even popularity. Because most customers base most
Product Offerings
retail business whose product will not only be sold in Manghinao Proper. We are
in the soap retail business to make profits and also to give our customers value
for their money and we are going to do all that is permitted by the law of the
government to achieve our corporate goals. Thus, Bubble Bliss Enterprise, upon
its inauguration or emergence in the market, will start with five products, namely:
will be the major means by which consumers will be able to quickly tell one
Mission
than leading brands. Bubble Bliss Enterprise displays a wide range of soap and
Vision
and laundry soap products and other cleaning agents that are of comparable
quality but were priced significantly lower than leading brands. Marketed from
trusted suppliers within the region, that will bring comfort to our customers as
they brace for an affordable cleaning experience within the home. The brand
them to uplift a serene, safe, and clean environment and community, at the
same time, complementing their lifestyle. With its most irresistible and wide
envision to embrace growth in the soap industry together with our valued
customers, through providing the best value product to our customers that are
company wherein managers are assured that their workers are well-trained and
mannered. Also, to check and monitor if the company has enough supplies and
other sources. Furthermore, all of them must follow all the procedures and
quality in processing their product to a good and high-quality product for the
consumers.
Calculate and make the most effective value of product for cost
Product value is one of the many factors that affect the preference and
the mindset of their target market. However, they have the power to influence
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them. Therefore, the business must align the value of its product to its cost. In
short, value and price must be balanced.Thus, the sellers will assure the people
that our product is high quality and worth it to buy, given its gentleness to the
particularly to those within the barangay, who are earning just enough money in
good quality and worth buying, considering its gentleness to the pockets and
budgets of regular and normal Filipino families / homes, especially those in the
barrio, who are earning just enough to meet family necessities. These products'
and save time and money in these busy and harsh economic times. Patronizing
these products has helped them to save double their money, which is invaluable
for low-income families due to layoffs, inflation, and the pandemic's economic
crisis.
must experience a type of customer service that they cannot easily forget. The
workers must know how to properly communicate with the potential customers in
order to give them a good first impression. They should treat them well and
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make them feel at home. Also, for them to experience a happier transaction with
existing and anticipated goods. As stated, the company expects to grow along
with its valued staff, suppliers, and consumers. The company will differentiate
itself from its rivals by providing superior customer service and by disseminating
substantial knowledge and information about its products and their development.
This will increase brand recognition and stabilize the product's market position.
The company plans to customize volume orders for customers' budgets and
needs. This can set us apart from competitors because we can supply volumes
numbers or amounts.
pandemic. Still and all, marketers visualize a smart solution for this unexpected
situation. The market now utilizes new strategies to promote and reach out to
their old customers such as online posting and advertisement. Through this, the
buyers and sellers can easily contact and connect with each other. More
SECTION 3
The Opportunity
There is a distinct chance that someone else will surpass you as the dominant
force in this area. Finding a market sector in which one is the sole competitor is
remarkable if they can discover a niche in a crowded market for you to be the
• Certain sari-sari stores in our Barangay do not have some of our products.
• Our company will provide things that sari sari stores are unable to provide.
The Industry
Our business has suppliers and also emerging resellers of these soap products
within the neighborhood. It provides us with many products that will help us in
1. The primary competitors of Bubble Bliss Enterprise are the soap retail and
resale enterprises located in Bauan Public Market, who also sell the same
Proper will be laundromats and services that have already garnered reputation.
Bauan Technical Integrated High School 20
2. However, our company's laundry-at-home service is a decent solution for the
may believe. In some circumstances, you may not spend much on laundry. If
you already own a washing machine and purchase your own detergent, you can
Bauan Public Market Retail Stores, and Sari-sari Stores in Manghinao Proper. In
addition, ensuring that the business not only knows who its competitors are, but
also how it differs from them, will help the entrepreneurs gain a firmer grasp on
4. Yes, substitutes are present in our business, customers have the power to
service, marketing campaigns, and customer loyalty programs - all of which can
be made possible through extensive market research - despite the fact that we
are aware of the competitive nature of the soap retail market in Bauan. The
The Market
Bauan Technical Integrated High School 21
The total size of the market include all households or citizens of
Manghinao Proper and its surrounding cities. Given that there is still a pandemic,
However, research indicates that through using online platforms to promote the
product and increase brand awareness, firms contribute to the market's growth.
SECTION 4
despite having a physical store to meet the needs of those who are afraid to
to foster exceptional systems like growing the scope of the business and
endeavoring to enter the market online just to adapt up to the intense changes in
As the business capitalizes the potential market through online aside from
its actual store. Thus, Bubble Bliss Enterprise is able to compete in the midst of
Bubble Bliss sells a complete line soap products, made for distribution to
Buyers and customers nowadays want to see a product worth their money. The
sellers will assure the people that our product is high quality and worth it to buy,
given its gentleness to the pockets and budgets of average and normal Filipino
Bauan Technical Integrated High School 23
family / households, particularly to those within the barangay, who are earning
products from its existence and expected growth. As aforementioned earlier, the
company, along with its valued stakeholders - its employees, suppliers, and
most importantly, the valued customers. We were indeed aware that there are
many other small and large soap production companies distributed throughout
Batangas, whose product lines can be found throughout every single corner of
the country, so that is why we spent time and effort conducting feasibility studies
that would support its growth as well as to be able to offer even more than our
competitors. We made sure our building was easy to find, and we have plans in
locality.
Thus, the product will be positioned in the specific niche market through
its price, quality and value. Based on one of its consumer values, the product
varies from other brands when it comes to packaging, pricing, availability, and
the soap is packaged in reasonable volumes, which stimulates repeat sales. The
sellers will assure the people that the dishwashing and laundry soap products
are of high-quality, ordered from any of the three suppliers. The firm will take an
They will also extend a message to the residents of the for a healthier
community without plastic waste that can cause pollution, through encouraging
people within the neighborhood, at the same time optimize online transactions
with vouchers and other delivery methods. The entrepreneurs will be open for
Its unique selling proposition is the high-quality products being sold for
the lowest prices possible. The company’s stand on this matter to set itself apart
from its competitors is centered towards the customers as the pricing strategy
will primarily depend on the average range of retail prices on the market, along
heavy on marketing. We will impose our mission on our target market through
accomplish.
The top competitors of the Bubble Bliss Enterprise are primarily those
soap retail and reselling establishments situated within Bauan Public Market,
who are also reselling the same items to that of our start-up enterprise.
Bauan Technical Integrated High School 25
Moreover, other competitors in Manghinao Proper will be those laundry shops or
services which have already gained attention. Other competitors include sari-
sari stores selling and retailing soap products in sachets or small bottles, from all
situated in the ecommerce and online platforms. Nowadays, people can easily
swipe and click to shop and have their necessities delivered to their homes,
without having to loiter around the community. These competitors can offer
same product as the one we want to put up in our business. A lot of businesses
here in the Philippines compete with one another to have a greater amount of
revenue. Having that said, Bubble Bliss Enterprise may be a pioneer and
emergent soap retailing business within the barangay, but the entrepreneurs are
also eyeing for competitors in the online industry and those within the nearby
areas of Bauan, Batangas, and its main competitors include the sari-sari stores
that sell the branded commodities of dishwashing liquid and laundry detergents.
pricing, product quality, and network chains. They have established their brand
consumers. However, the entity will be just as essential as it establishes both its
brand presence virtually and physically. The company will distinguish itself by
build brand loyalty among those customers. Clarification of the brand and its
Bauan Technical Integrated High School 26
message will be focused on since the company has a great opportunity for the
community. The company will not only focus on the needs of the buyers but also
industry and market. More specifically, this will help the business to raise brand
strategies for identifying the core competencies and working on them. However,
Furthermore, the company will set its establishment apart from its
competitors, more than just by providing excellent customer service, but more
our marketing process, hence, boosting the brand recognition and stabilizing the
market position of the product. We are planning to move from reselling to having
our originally -made products. Since our start-up products are not differentiated
from others, we should stand out more than just for our product quality, but for
the message, vision, values, and exemplary customer service of the store to our
beloved clients.
the overall customization of volume orders for the customers to perfectly fit their
budget and needs. This can set us apart from the competitors as it allows us to
Bauan Technical Integrated High School 27
more than just provide standard volumes at specific numbers or quantities, but
rather, we can provide specific volumes to cater and serve to the needs of our
target market.
The company will ensure these product's in cleaning dishes and clothes
and other parts of the home, along with its distinct scents, are very much similar
products have allowed them to save double their money, which is inextricably
beneficial for families with minimal income, specifically due to the lay-offs,
pandemic. The entrepreneurs will also highlight the difference of our brand from
other competitors to attract potential buyers. Although the products are mostly
not differentiated, the company will penetrate the market through consistent
traditional personal direct selling, all of which through the collaboration of the
team to come up with creative and innovative marketing campaigns that can
effectively reach and communicate our products to the target market, at the
same time keeping our strategies up-to-date and innovative, to keep up with
market trends, and set us uniquely positioned from our competitors in the same
industry. Lastly, the company will not mostly focus on the competitors but on the
improvement of the entire enterprise to gain more attention from the public.
opportunities to grow and penetrate the market, both inside and outside of the
household commercial products are one of the most in-demand needs of the
household, and given that it is used for cleaning the dishes and laundry on a
day-to-day or regular basis, it is one of the staple household needs for everyday
use. Thus, every opportunity will not be missed by our enterprise. Its examples
are seminars that help to improve the management system and trade fairs that
are important so that we can introduce our products to other places and people.
journey, such as offering other soap products, apart from its emergent brands,
new scents, innovation of marketing efforts, packaging, along with seizing the
opportunity to be a larger dealer of these products within the locality, and soon,
B. Management System
combines both online and direct selling within the neighborhood, the
employees and staff are still to be established upon the expansion of the
business within years of operation. Moreover, the enterprise will have unique
and effective business management. Every employee will have enough income
Bauan Technical Integrated High School 29
and a day off, and each of the partners will have their protected investments in
division of the business where managers are confident that their staff members
are properly trained and polite is the emphasis of total quality management.
resources and supplies, each of them must follow all the guidelines and
standards when processing their product to create one that is good and high-
efficiency in fulfilling job roles in operating the business. Thus, the products will
and a terrific platform to do so. In reality, social media is the ideal option for
and creative way. Various social networking sites will be used to have a wide
and sell products online. Thus, will combine the two (2) marketing channels that
are perfectly suitable for its nature - it will open up both physical or personal
transactions for the people within the neighborhood, at the same time optimize
The business is envisioning itself towards the expected gradual growth of the
company, along with its valued stakeholders - its employees, suppliers, and
most importantly, the valued customers. Since our start-up products are not
differentiated from others, we should stand out more than just for our product
quality, but for the message, vision, values, and exemplary customer service of
the store to our beloved clients. Thus, the skills and talents of our employees
management. Each customer will be treated well and the management will
always listen to their concerns and will consider them on business decisions that
"How quality varies over time?" is one way to classify reliability. The
distinction between quality and reliability is that quality refers to how well a thing
performs its intended purpose, whereas reliability refers to how well that object
maintains its original quality over time and under diverse conditions.
on quality among their core competencies. Business core competencies are the
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company's unique abilities, products, and services that provide it a competitive
for quality is able to demand higher prices, at the same time, ensuring its cost-
effectiveness to the budget of its target market. More specifically, this will help
loyalty.
There are viable strategies for identifying the core competencies and
SWOT Analysis
The entrepreneurs are aware that there are several soap retailing
companies both large and small in the locality, whose products can be found in
every nook and cranny of the country, which is why we are following the due
the opportunities that will be available to us, mitigate our risks and be well
model that will help us achieve our business goals and objectives. This is the
summary of the SWOT analysis that was conducted for Bubble Bliss Enterprise.
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and industrial items to produce and sell, as they believe that this will effectively
meet the needs and demands of all household members in Manghinao Proper,
given that these formulated retail soaps and cleaning detergents that were of the
same quality but priced very much lower than leading brands. Bubble Bliss sells
and laundry soap. Moreover, We have enough sources to supply goods that
people need in our store.Reasonable prices for our customers to afford our
goods.Friendly and knowledgeable staff for us to gain our customers trust in our
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store, with which its location is also accessible and is situated in a strategic
place. We also offer various payment and transaction options, which can
increase convenience among out customers. Aside from the quality and variety
positives for the business is the vast experience of our management team. We
have entrepreneurs who are highly experienced and understand how to grow a
distribution network and of course our excellent customer service culture will
Weaknesses - There are lots of existing soap retails stores situated in Bauan
Public Market, and the proponents would say that the competition within those
stores in the market of Bauan is extremely prevalent - price wars are present.
Moreover, the products are not differentiated, making it more difficult for the
weakness that may count against us is the fact that we are a new soap
production company and we don’t have the financial capacity to engage in the
enormous. This is due to the fact that soap is a universal product that can be
found in all homes, canteen, laundries, hotels and toilets, and many more. As a
result of that, we were able to conduct a thorough market survey and feasibility
it is going to require hard work, and we are ready to give all it will take to achieve
it. Moreover, the Bubble Bliss Enterprise physical store is equipped with proper
ventilation to safekeep the supply of the soap products, and a cashier where the
seller can negotiate the transaction and safekeep all the cash and other
payments, along with designated areas for the stocks, for packaging, sorting,
and even for the delivery or pick-up point. More than the advantage of its
location is that the product is in high demand and the competition is fairly low,
marketing. Increasing product offering to have more products in our store that
are needed by our customers a lot can help boost revenue, along with
investments in the company assets and other store location improvements and
competitors. Competitors that have already gained attention. More so, various
economic crises have pushed the commodities to increase and can hence affect
the business costing on expenses and products. The business also eyes
unforeseen business forces, such as disasters, crises, wars, and all other
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disruptions around the business environment that can pose a threat to the
business.
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SECTION 5
the business, including a list of the owners, staff, and what knowledge these
individuals bring to the organization, and what special or unique qualities they
staff. In addition, the logistics will be reviewed in this section, including the
business in the area in which the business is registered. In short, the Business
you can go on with establishing your business without any legal hassles
-gives you the authority to print your official receipts and invoices, formally
register the Tax Identification Number (TIN) provided for your company in
equipment comply with local bylaws, building codes as well as health and
safety standards.
V. Sanitary permit
-secured by the local health authority and ensure that it’s safe for a business
ensures that your business complies with all the ordinances of the particular
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city or municipality you operate in. This is important because each
run the business they are preparing to open. Anna Katharina Landicho, Gwen
Ashley P. Dela Pena, May Dalangin and Shaira Mae Olano are the individuals
responsible for managing the store. The partners divide any earnings or losses
that may occur. Each of the partners will own an equal number of shares in the
business.
Organizational Structure
Figure 1.
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Store Clerk
solid
company's image
when possible
registers
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Accountant
include calculating taxes and filing tax returns, organizing and preserving
Responsibilities of Accountant
and guidelines
processes
requests
Marketing Staff
and goals.
Stocks Operator
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Responsible for counting and keeping track of the inventory
regularly monitor and keep track of the inventory to make sure that products
are still readily available for sale, and inform the other departments, whether
the inventory, to make sure that sufficient quantity of products can be made
available.
Draw up inventories.
Delivery Personnel
Reviewing orders both before and after delivery to check for accuracy in
pricing, order completion, and overall customer satisfaction with the service.
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Responsibilities of Delivery Personnel:
Making collections.
The degree to which a candidate's skills and experience fit the job
making a hiring decision. Because this is a tiny business with just five positions
to fill, the owners opted to distribute the jobs evenly rather than go through the
As a result of this, the owners are given jobs based on their qualifications and
company standards
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Friendly and approachable demeanor
once is mandatory
Qualifications of Accountant
organization
reconciliation
Highly detail-oriented
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Qualifications of Marketing Staff:
Excel expert
Detail-oriented
Salary Compensation
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The amount of hours worked by workers will be used to calculate their
Table 1.
NUMBER
POSITION OF DAILY MONTHLY ANNUALLY
WORKERS
Store Clerk 1
Accountant 1
Marketing 1
Staff
Stocks 1
Operator
Delivery 1
Personnel
TOTAL 5
Schedule of Salaries
The wages of the store workers and employees of Bubble Bliss will be
Table 2.
Store Clerk 1
Accountant 1
Marketing 1
Staff
Stocks 1
Operator
Delivery 1
Personnel
TOTAL 5
Employee Schedule
Workers are expected to work eight to ten hours a day from 8am to 6pm,
seven days a week, including shifts. Regardless of the start and end times of
their shifts, all employees must work during the business hours of the company.
Table 3
WORKING TIME
NUMBER OF
POSITION (MONDAY –
WORKING HOURS
SUNDAY)
Accountant 8:00am-4:00pm
GANTT Chart
Figure 2.
SECTION 6
MARKETING PLAN
market, the positioning of the product or service, the pricing strategy, the sales
Product Description
market, will start with three products, namely: Bubble Bliss Powershine
Solace Fabric Conditioner, Bubble Bliss Clean Swift Liquid Bleach, and Bubble
Bliss Pristine . The products are consumer-grade laundry and dishwashing soap
products that can treat water so that it may be used to clean cutlery and some
other household items. The soap has special qualities that allow it to remove
stains and may thus be used as an abrasive. Its characteristics soften water
stabilized while also improving the visual features of diverse surfaces. It will take
item offered by the enterprise, along with the sample product. These will serve
significantly increase our sales of dishwashing and laundry soaps and increase
its market share by 30% upon penetrating the market. Aside from that, we’re in
business to earn money while also giving our customers good quality products;
we want to provide people and companies that buy our soaps an opportunity to
We were indeed aware that there are many other small and large soap
be found throughout every single corner of the country, so that is why we spent
time and effort conducting feasibility studies as well as market surveys to enable
us to track down the business in a location that would support its growth as well
as to be able to offer even more than our competitors. We made sure our
building was easy to find, and we have plans in place to build a large distribution
strategy for wholesalers throughout the National Capital Region (NCR) and
Based on one of its consumer values, the product varies from other brands
soften as well as break down organic components in water also adds to its
foaming stability, making it more pleasant for consumers. Thus, the products of
faster and more efficient removal of grease, fats, tough stains, and oils
from dishes, pots, and other kitchenware and utensils. It has its brand
emulsifies heavy grease and food particles, mild and gentle to the hands,
used kitchenware and utensils. This is the dishwashing soap that cleans
dishes, sinks and counters while leaving behind a wonderful fresh scent.
importantly, budget-friendly.
Calamansi, and Antibac. Upon starting the business, this product will
(bottle). Prices will not vary depending on the scent, but they vary
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depending on the size or volume of the product. The business is open for
open to sell more and new scents upon its expansion, but during its start,
it will be introducing these scents and sizes only. The figures below
summarizes the price list of each dishwashing liquid, while attached in the
Figure 1
Detergent. With its product tagline, “Pak na Pak sa Paglalaba; Babush ang Dumi
at Mantsa,” this powder detergent will help the market remove even the toughest
stains in just one wash, while brightening their white clothes to make them look
clean like new.It is a wholesale distribution that happens through bulk orders of
surfactant in place of the metal fatty acid salts, which are used in soaps. Made in
powder form, these detergents are also sold as laundry powders, hard surface
branded items in the grocery, but of the lower price. This powder detergent will
clean both your whites and colored clothes brilliantly and effectively. It is very
much versatile on hand-wash and machine wash. This product provides your
clothes with great cleaning power, removing even the toughest stains by getting
deep down into the fibers and preventing them from setting in. It also contains
scent boosters that help the clothes to be more than just clean, but to also
radiate a fresh smell or scent from these beads or scent boosters. It's strong in
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stain removal, but gentle on clothes. Whether your laundry challenges manifest
as stains, odors, or soiling, it can help with all the customers’ laundry needs.
Figure 2
Having said these, this product will be bought from the supplier per sack,
and will be repacked by the entrepreneurs, using buckets and plastic bags,
where product labels would be included. The product will be offering Original
Ariel scent and Ariel with Downy scent, depending on the availability of the
products to the supplier. It will come in three (3) sizes, 500 kg. Pouch
(repacked); 1kg. Plastic bag (repacked); and 3 kg. Bucket, and prices, range
Bubble Bliss Solace Fabric Conditioner, with its tagline, “Comfort of home
with your clothes,” is a laundry product used for softening fabrics when washing
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clothes and used for further boosting the fragrant scent or smell of newly-
conditioner which performs almost exactly the same, but of course, this fabric
conditioner made for reselling is much cheaper than that of the said leading
brand. It is a magical product which protects the fibers of your clothes and
makes them look, smell, and feel fantastic, as this product protects your clothes
and reduces friction or rough forces upon the laundry process, which helps
clothes keep their original shape, reduce color fading, and reduce pilling and
fuzz.
Figure 3
Having said these, the business will introduce two (5) varieties of scents
AntiBac, Mystique, Garden Bliss, Passion, and Sunrise Fresh scents. It will
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come available in three (3) bottle sizes, with volumes of 330 mL, 500 mL, and
1L, for both aforementioned scents, and will also be open for loose volumes of
refills at base rate of PhP55.00. The prices are the same for each scent, but they
vary depending on the volume of product. The figure summarizes the products
Bubble Bloss Clean Swift Liquid Bleach has a product tagline of, “Walastik sa
fabrics. Often called just bleach, it is a common chemical household product that
germs and viruses, and for several other uses, particularly for cleaning and
washing purposes. It offers a range of benefits to keep your home and laundry
clean and free from sickness-causing germs. Clean Swift cleans deeper than
just the surface, fighting disease-causing bacteria, viruses, and fungi that can be
found anywhere. Thus, this product has oxygen bleach that gently cleans
Figure 4
clothes. It offers the brilliant clean you know and love plus is
99% of everyday stains, including greasy food stains. WIth its active
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ingredients, this helps remove 99% of everyday stains. Having said these,
this product will be bought from the supplier per pack of 6’s, and will be
Figure 5
1 pc. ₱25.00
Table __
Branding
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The term “branding” refers to the process of identifying your company. It
Manghinao Proper, Bauan, Batangas under the brand name "Bubble Bliss". The
because the entrepreneurs believe that it is unique from other stores within the
symbolizing soap products. Bliss, on the other hand, means a state of feeling or
perfect and pure happiness, contentment, and peace. The entrepreneurs have
used alliteration or the repeating initial sounds of consonants in the first syllables
of our brand name for customers to be able to easily distinguish and recognize
the brand.
This logo will mainly be seen for increased brand recognition and for the
customer retention of our brand image and name to their perceptions and
preferences. The figure below represents all the company logos, along with all
Business Logo
The brand color chosen is blue. The blue color mainly represents
have their own meaning that expresses our company’s value all in one. Also, it
creates an impression and say a lot about our brand. Blue and green are the
cleanliness, purity, and elevates the perception of the market regarding the
quality of these products. In this regard, the entrepreneurs preferred to center its
brand color and brand name synchronized to how they are confident with the
quality of the products, along with how these high-quality and affordable
products may be able to provide cleanliness, security, and protection for the
household. Moreover, visible in the brand logo is an icon of bubble with a cloud,
that represents the entire explanation of the business name itself. The logo
comes with the business tagline, “Damit at plato, malinis at mabango, sigurado!”
This will embody how we want to be able to ensure the cleanliness of laundry
and the dishes through reselling products, at the same time ensuring the scent
and over-all shine of the household items where the products may be used.
distribution and retailing of dishwashing and laundry soap products, but as soon
bleach, and bar soaps, all of which are almost the same quality but of cheaper
prices.
These products are made for bulk orders from the supplier and will be
packaging will be improved to impose our product’s quality in the minds of our
target market, as we also include in the packaging, product labels and stickers to
make the customers entirely aware of our product, at the same time, establish
brand recognition for our company. Given that we will be a reseller or wholesaler
who will be rebrandinig these products, we will coordinate with a direct supplier
Laguna, from which the products will be shipped here in Bauan, Batangas. The
supplier and the entrepreneurs will settle with an agreement regarding product
quantity for bulk orders and the rebranding terms and conditions to make sure to
abide by the ethical standards. These direct suppliers have been reached
other agents, to make sure that we can be directed to a supplier offering the
cheapest cost price for our products. These various suppliers from the three
provinces have been considered, and the entrepreneurs will constantly monitor
market and price changes, to choose the convenient capital cost for each
product unit to also offer a cheap selling price to our consumers. And we want to
give the impression of having a safe product that they can rely on to captivate
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the consumers interest in buying products in our business. Having a pleasant
Packaging
Having a unique and attractive product packaging can be a great factor to attract
in the minds of our target market, as we also include in the packaging, product
labels and stickers to make the customers entirely aware of our product, at the
same time, establish brand recognition for our company. Because most
Having said these, the packaging of our products will mainly come in
plastic containers, in the form of bags and PET bottle containers for liquid
products. The product packaging will be developed in the sense that it contains
product label, sufficient product information and description, along with the
branding of the said product of the business. It will also entail all various details,
such as scents, volume, how to use the product, and cautions, if necessary.
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Attached within the appendices are the sample packaging of the products, along
such as paper bags and boxes. These materials are chosen to reduce
environmental menace because these substances are non- polluting and non-
hazardous. Boxes can be used for the deliveries and for heavy products bought
to safekeep the product from damages like stains and the like, for large orders, if
there are any. Besides, to assure the product will be in good condition until once
product, it contains a sticker that represents the brand name and the company
logo.
decided to use a ribbon together with a printed logo paper for bottled products to
ensure that the product will remain in good shape. For seasonal events and
campaigns, the product packaging has three (3) inclusions which are two (2)
circular company stickers, a care card, and a flier. The enterprise will utilize eco-
friendly materials in its product packaging. In which, it supports the “No Plastic
Policy” herein Batangas, through encouraging the use of refill bottle containers
Pricing
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Good Value Pricing Strategy
so our business ensures that all of our products are affordable and at the lowest
possible price. As you can see in the table above, our business offers products
that aren’t just in good quality but at the lowest possible price. It refers to
advertising the proper combination of quality and great service at a fair cost or
value.
Bubble Bliss Enterprise will practice the good value pricing strategy that
can effectively due to the fulfilling item,fantastic benefit, and affordable price,
enter the spotlight and attract more customers. This practice can help the
Furthermore, when the price action passes back through the open gap
the difference, the price must retrace all the way to the previous day's closing
price. It is technically filled until the price has returned to where it was prior to the
gap day. When price moves within a gap but not all the way through it, this is
sold for the lowest prices possible. Since some of the members of the teams
have been aware of these products, we are aware of how much the average
prices are offered for these products, and that is where the team will penetrate
the market. The pricing strategy will primarily depend on the average range of
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retail prices on the market, along with comparison to the competitors, offering
prices at affordable or below average rates, at the same time ensuring the
maximized profit from the product costs. The company’s stand on this matter to
set itself apart from its competitors is centered towards the customers - that we
may be able to provide household needs that are budget-friendly to simple and
Generally, the price for the products are affordable, hence there is no
need to employ any detailed strategies when it comes to pricing. In view of that,
our prices will conform to what is obtainable in the industry but will ensure that
within the first years of operation, our products are sold a little bit below average
industry price. We have put in place business strategies that will help us run on
1L Bottle ₱55.00
1 pc. ₱25.00
Table __
Channel of Distribution
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Figure __.
Distribution Channel
Marketing channels are the ways that goods and services are made
available for use by the consumers. Bubble Bliss Enterprise selects omdirect
marketing channel. Consequently, they will sell the offered products indirectly
and will serve as a market intermediary, for producers to be able to market its
products to its target customer. For our business, the channel of distribution that
longest route in the distribution link but is very popular. It is used for the
where the wholesalers generally make bulk purchases from the producer, and
divide the goods into smaller packages to sell to the retailers. The retailers which
represent the entity of Bubble Bliss Enterprise, the business sell the goods to the
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end buyers or consumers at suggested retail prices, or suitable for retail
Promotion
Still and all, marketers visualize a smart solution for this unexpected situation.
The market now utilizes new strategies to promote and reach out to their old
customers such as online posting and advertisement. Through this, the buyers
and sellers can easily contact and connect with each other. More specifically, it
increase awareness, create interest and to make customers aware that the
business exists that eventually helps in making the sales higher. It is the
propose that Bubble Bliss Enterprise will utilize two (2) types of selling
marketing to reach a wider segment of its target market within and across other
pandemic; the entrepreneurs only selected the best among the pool of collective
choices.
spend their time browsing and keeping up with current events and happenings.
The entrepreneurs view this as a fantastic chance to raise brand awareness and
a terrific platform to do so. In reality, social media is the ideal option for attracting
advanced manner, in the most convenient, effective, efficient, and creative way.
Digital marketing and social media advertising, along with boosting promotional
tools in social media has been seen as an extremely ideal and effective way to
reach a wider segment of the target market and to communicate our products to
up a Facebook and Instagram page for the business to inform, promote, and
update the public about the products offered by the business. Bubble Bliss
Enterprise will advertise its products to its target market using a Facebook and
posts, pamphlets, and infographics, will be used to market the items. These
components to make the target market fully knowledgeable on what they may be
able to get from our products. Cold messaging will also be used to market the
Figure __.
Online Promotion
through the use of social media platforms to make it available to the general
optimize the SEO and brand visibility or presence online. Thus, it can be
posts, aesthetic Instagram posts / feed, pamphlets, digital / Web Banners &
for embracing the old and traditional means of promotion and advertising, the
pandemic. Having said these, since less restrictions are being implemented, the
physical store location. This is a form of traditional marketing strategy that will
changes. Staff may simply persuade their new and existing clients to support
and purchase the product by using powerful word-of-mouth and good sales
maintaining any form of relationship. This promotional action can take place
personally, and not through online transactions, and hence, can happen in the
physical store or plant location of the product. However, although the health
restrictions are less strict considering that Batangas is in Alert Level 1, the
entrepreneurs still consider the presence of the global crisis. During this
pandemic, the enterprise's first priority and center of concern is once again
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health and safety, both for the management, its staff, along with the well-being
and safety of our valued customers. Having said these , the personal direct
selling and personal transactions by the entrepreneurs may only apply with their
closest family members to the closest neighborhood with the most ensured
health and safety, at the same time adhering to mandatory health protocols of
Manghinao Proper, Bauan, Batangas and other nearby areas. To do this, the
people behind this business will also be supplementing other print materials of
small tarpaulins and print ads in front of the store location, to make the entire
will also be showcasing a large tarpaulin for our brand to ensure that the logo,
brand name, along with other advertising needs will be supplemented for
Having said this, under personal direct selling are other means on how
we plan to promote our products, such as print advertising and sales promotion.
Print Advertising. To do this, the people behind this business will also be
supplementing other print materials of small tarpaulins and print ads in front of
the store location, to make the entire neighborhood aware of the products
tarpaulin for our brand to ensure that the logo, brand name, along with other
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advertising needs will be supplemented for increased brand recognition for this
start-up business.
beneficial since the business is in its start-up phase and is introducing a new
product or would like to increase sales of a product they already have. Trade
incentives could be price off, free goods and allowances. The entrepreneurs are
looking forward to generate a customer loyalty card and limited coupons for the
customers upon its expansion in order to build their trust and loyalty to the
brand. It allows them to have the privilege and benefits as loyal customers,
helps to grab the attention of new customers, reward the existing customer,
at the fence sitters and brand switchers. Sales promotional activity for the
The final selection of the consumer promotional tools needs to consider target
Figure __.
Target Market
Proper, Bauan, Batangas who seek to have an affordable laundry and dish
cleaning experience through our pure and high quality products, that are
The business targets to sell its products to female household members, aged 18
and above, who are particularly from families with low to middle class socio-
other provinces, the entrepreneurs plan to penetrate the market within the
there are a number of alternatives. There is a wide range of clients available, but
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we will center on catering the needs of end consumers and household members
of the locality. Thus, to define our target market the entrepreneurs are going to
look at three specific market variables. The first will be gender. The business
locality, more so than men, are likely to be the ones concerned with the
marketing a new and improved dishwashing and laundry detergent. Also, female
household members are more likely to take time at the supermarket to find the
The second segmentation variable that the partners will be looking at will
household members aged 18 and above, given that they are the ones who
mostly incur the grocery costs for cleanliness and other industrial products to be
average family income. This is very important to our marketing strategy because
cleaning agent that can be used to wash off stains, dirt, and grease, given its
business centers towards serving low to middle class families with average
constantly run to the store for more dishes and laundry detergent and those who
only want sufficient volume that is precisely enough for daily or weekly
consumption, considering the break-even income, only enough for the daily
family needs. Further, busy parents can go from purchasing two products to
purchasing one that can be universally used to clean their dishes. Volume usage
is the fourth and final segmentation variable that the entrepreneurs considered.
you can achieve the same results with less of it than you would with a standard
quantity of our competitors' goods. This is a key selling factor for families that
want to stretch their peso farther than they could with our competitors' products.
quantities per kilo of these cleaning agents to precisely fit the average number or
Marketing Objectives
prices.
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b. Developing New Products and Sales. To develop and innovate new
products that are unique and not yet been introduced to increase the sales.
through the use of effective advertising and promotion of our products to better
and ensure best quality products to establish trust and satisfaction within
customers.
important which can be gained through marketing surveys. This will enable us to
and helps maintain a stable growth of our sales. The offering of discounts is
member discounts that entice customers to return again and again. These
which they can afford, also we must offer discounts to our customers. Another
many customers feel relaxing and comfortable. We entertain our customers well
with respect. By purchasing our products, many customers will reach their
satisfaction because our products have a good quality. Some relevance of our
customers' wants, it is the one of the sources of employment and also it pays
customers continue to enjoy our product and they will keep coming back.
Excellent customer service goes a long way and promotes more sales
to achieve our target sales and keep up with the fierce competition in our
industry. This helps us to sell products and do services with the best
are essential to having stable production and online delivery iis the trend
now so we can sell our products better. This will help us to achieve fast
we will have a huge advantage over our competitors. Our company will
produce goods and services that are better and high quality than our
our customers.
product with the highest demand. Prioritizing their demand helps to gain
what they demand and what our products should be focused on.
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Supply of Product. It is important not to fall short of the soap goods used
to sell in our store to ensure that we offer enough product for the target
where it all begins. Good quality of supply means good quality of products
customers so that they are more motivated to buy. Prices of the product
are mainly one of the first information customers ask for. After noticing the
product, they will ask for the price of it and some of the customers depend
products and it consists of the steps on how our sale will go. It is
important that our products are presented nicely and it is definitely a high-
Sales Forecast. This will give us an estimate of possible future sales and
sales helps to manage the business’ cash flow, this will help estimate the
cost and revenue based on the predicted short term or long performance.
so that we know if they are satisfied with our products and their feedback
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is important so that we can improve our products. Their feedback is the
SECTION 7
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SECTION 8
FINANCIAL PLAN
Financial Description
financial objectives, and plans for achieving those objectives. It aids emerging
firms in making the necessary estimates of their funding needs and locating the
sources of those funds. It involves creating financial plans for the company's
upcoming operations. The initial capital required, sources of funding, total project
cost, cash flow, savings, debt, investments, insurance, and any other aspects of
this financial analysis. It explains how the funds will be used and how much
stock, if any, will be supplied to fund the project. It highlights the company's key
statement, cash flow projection, and balance sheet are the three financial
statements that make up this report. It also gives a brief examination and
profit or lost money over a specific period of time, based on informed projections
of data. This financial area of a business plan is one of the most important parts
of the document, as you will need it if you want to succeed in the commercial
world. This also aids in estimating the amount of money an entrepreneur will
The initial capital is the sum of funds needed to start the business. It
the expenses needed, the starting capital for our business requires a huge
amount of money. The funds to be used for resources needed, production, and
Bauan Technical Integrated High School 85
operation will come from the company’s budget and capital. The company also
The capital required to start and expand the business is clearly stated in
this financial analysis. It explains how the funds will be used and how much
stock, if any, will be supplied to fund the project. For Bubble Bliss Enterprise, the
amount, it includes initial capital for the products from the supplier, along with
legal documents and permits, branding, advertising, and other rental fees to be
document are figures that summarize the list of all estimated assets of the entity
Sources of Financing
financing to meet what the business needs. Presented in Table __ are the
funds will come from personal investments and commercial bank loans. The
representing 60.34% of the total capital structure. Moreover, the business will
Bauan Technical Integrated High School 86
seek for a commercial bank to borrow minimal loans for our remaining start-up
capital structure. Presented in the tables are the detailed debt and equity
shares.
Table 1
Debt Financing
Equity Financing
The initial capital needed to fund this business will be equally distributed
for each member or partner, to make sure that there is an equal contribution in
running the business. The partner’s share in the profit and loss would be based
minimal or small investment, business partners will talk about it to allow the
along with the total amount of initial capital invested by each member in order to
Bauan Technical Integrated High School 87
make the business viable and to start the business, while Table __ summarizes
the detailed distribution of capital for both debt and equity financing.
Table 2
Table 3
project and all particulars or accounts to which the funds are allocated.
Presented in Table are the start-up project costs for proposed soap retail
Table 4
Particulars Amount
Fixed Assets
Operating Capital
Particulars Amount
Financial Assumptions
We are certain that we are well positioned and will attract customers who
will not only purchase our laundry soaps and dishwashing detergents, but also
utilize our online and offline delivery service, thereby generating additional
revenue from these sources. The following financial forecast is based on the
location of our store and the services and products we will be providing the
of business operations.
the budget.
niche.
Financial Statements
Financial statements are reports that detail the entity's financial information,
contributions, cash flow, and other related information over time. There are also
four (4) types of financial statements; (1) balance sheets; (2) income statements;
reporting entity, claims against the entity, and changes in the economic
assessing future cash flows to the reporting entity and assessing management
stewardship of the entity’s economic resources. The primary users are existing
Profits and losses for a specific future period, such as the next quarter or
fiscal year are shown in a projected income statement. It follows the same
forecasts the future. It is likely to be the most important financial statement for
Every year's income results were positive feedback from the customers,
and because the product consistently brought a great income, we were planning
One thing is certain when it comes to soap and detergent retail business, if your
soap and detergent are well – packaged and branded and if your production
plant is centrally positioned and easily accessible, you will always attract
customers cum sales and that will surely translate to increase in revenue
generation for the business. Bubble Bliss Enterprise is well positioned to take on
the available market in every city where our soap and detergent will be sold all
across Brgy. Manghinao Proper and nearby vicinities and we are quite optimistic
that we will meet our set target of generating enough income / profits from the
first six month of operations and grow the business and our clientele base.
We have been able to critically examine the soap and detergent retail
industry and we have analyzed our chances in the industry and we have been
able to come up with the following sales forecast. The sales projections are
based on information gathered on the field and some assumptions that are
Bauan Technical Integrated High School 93
peculiar to startups in the vicinity. Below are the sales projections for Bubble
Bliss Enterprise, it is based on the location of our business and other factors.
Table 5
Less: Cost of
₱17,360.00 ₱17,955.00 ₱18,305.00 ₱18,620.00 ₱19,040.00 ₱20,440.00
Goods Sold
Gross Profit
₱32,240.00 ₱33,345.00 ₱33,995.00 ₱34,580.00 ₱35,360.00 ₱37,960.00
Margin
Less:
Operating
Expense
General and
Administrativ
e Expense
Office Eqt.
₱500.00 ₱500.00 ₱500.00 ₱500.00 ₱500.00 ₱500.00
(Depreciation)
Rent / Leasing
₱7,000.00 ₱7,000.00 ₱7,000.00 ₱7,000.00 ₱7,000.00 ₱7,000.00
Expense
Total G&A
₱15,314.00 ₱15,274.00 ₱15,323.00 ₱15,312.00 ₱15,433.00 ₱15,304.00
Expense
Selling
Expense
Store Eqt.
₱250.00 ₱250.00 ₱250.00 ₱250.00 ₱250.00 ₱250.00
(Depreciation)
Store Vehicle
₱1,407.50 ₱1,407.50 ₱1,407.50 ₱1,407.50 ₱1,407.50 ₱1,407.50
(Depreciation)
Furnitures
₱350.00 ₱350.00 ₱350.00 ₱350.00 ₱350.00 ₱350.00
(Depreciation)
Total Selling
₱11,707.50 ₱10,010.50 ₱10,027.50 ₱11,587.50 ₱10,087.50 ₱10,012.50
Expense
Total
(₱27,021.50 (₱24,584.50 (₱26,899.50 (₱25,520.50
Operating (₱25,350.50) (₱25,316.50)
) ) ) )
Expense
Operating
₱5,218.50 ₱8,760.50 ₱8,644.50 ₱7,680.50 ₱9,839.50 ₱12,643.50
Profit Margin
Less: Taxes,
Licenses, and (₱5,500) (₱1,800.00) (₱2,250.00) (₱3,050.00) (₱1,750.00) (₱2,200.00)
Interests
Net Profit
-₱281.50 ₱6,960.50 ₱6,394.50 ₱4,630.50 ₱8,089.50 ₱10,443.50
Margin
Table 6
Less: Cost of
₱20,160.00 ₱20,720.00 ₱21,490.00 ₱22,470.00 ₱23,240.00 ₱24,745.00
Goods Sold
Bauan Technical Integrated High School 95
Gross Profit
₱38,480.00 ₱39,910.00 ₱41,730.00 ₱43,160.00 ₱45,955.00
Margin ₱37,440.00
Less:
Operating
Expense
General and
Administrativ
e Expense
Office Eqt.
₱500.00 ₱500.00 ₱500.00 ₱500.00 ₱500.00 ₱500.00
(Depreciation)
Rent / Leasing
₱7,000.00 ₱7,000.00 ₱7,000.00 ₱7,000.00 ₱7,000.00 ₱7,000.00
Expense
Total G&A
₱15,309.00 ₱15,284.00 ₱15,213.00 ₱15,092.00 ₱15,054.00 ₱20,003.00
Expense
Selling
Expense
Store Eqt.
₱250.00 ₱250.00 ₱250.00 ₱250.00 ₱250.00 ₱250.00
(Depreciation)
Store Vehicle
₱1,407.50 ₱1,407.50 ₱1,407.50 ₱1,407.50 ₱1,407.50 ₱1,407.50
(Depreciation)
Furnitures
₱350.00 ₱350.00 ₱350.00 ₱350.00 ₱350.00 ₱350.00
(Depreciation)
Total Selling
₱12,717.50 ₱10,720.50 ₱10,611.50 ₱12,007.50 ₱10,597.50 ₱10,834.50
Expense
Operating
) ) ) ) ) )
Expense
Operating ₱
₱9,413.50 ₱12,475.50 ₱14,085.50 ₱14,630.50 ₱15,117.50
Profit Margin 17,508.50
Less: Taxes,
Licenses, and (₱3,000.00) (₱1,850.00) (₱2,250.00) (₱3,050.00) (₱1,750.00) (₱2,200.00)
Interests
Net Profit
₱6,413.50 10,625.50 ₱11,835.50 ₱11,580.50 ₱15,758.50 ₱12,917.50
Margin
minimal increase on income can be seen during the first months of operations.
This is because upon launching the business the entrepreneurs expect a phase
of transition to gain customers and attract potential clients, considering their trust
to other establishments and entities who have already set their pace and
Table 7
₱ ₱
Sales ₱ 189,000.00 ₱ 208,372.50
180,000.00 198,450.00
₱ ₱
Less: Cost of Goods Sold ₱ 66,150.00 ₱ 72,930.38
63,000.00 69,457.50
Bauan Technical Integrated High School 97
₱ ₱
Gross Profit Margin ₱ 122,850.00 ₱ 135,442.13
117,000.00 128,992.50
₱
Office Supplies ₱ 1,290.00 ₱ 1,278.00 ₱ 1,499.00
1,427.00
₱
Utilities ₱ 6,219.00 ₱ 7,704.00 ₱ 6,092.00
6,452.00
₱
Office Eqt. (Depreciation) ₱ 1,500.00 ₱ 1,500.00 ₱ 1,500.00
1,500.00
₱ ₱
Rent / Leasing Expense ₱ 21,000.00 ₱ 21,000.00
21,000.00 21,000.00
₱ ₱
Total G&A Expense ₱ 47,082.00 ₱ 50,891.00
45,609.00 45,979.00
Selling Expense
₱ ₱
Sales Salaries ₱ 15,600.00 ₱ 15,600.00
15,600.00 15,600.00
₱
Freight Costs ₱ 3,550.00 ₱ 3,230.00 ₱ 4,020.00
3,363.00
₱
Advertising ₱ 6,000.00 ₱ 6,000.00 ₱ 6,000.00
6,000.00
₱
Store Supplies ₱ 1,350.00 ₱ 1,253.00 ₱ 1,532.00
1,357.00
₱
Store Eqt. (Depreciation) ₱ 750.00 ₱ 750.00 ₱ 750.00
750.00
₱
Store Vehicle (Depreciation) ₱ 4,222.50 ₱ 4,222.50 ₱ 4,222.50
4,222.50
₱
Furnitures (Depreciation) ₱ 1,050.00 ₱ 1,050.00 ₱ 1,050.00
1,050.00
₱ ₱
Total Selling Expense ₱ 32,105.50 ₱ 33,174.50
32,522.50 32,342.50
₱ ₱
Total Operating Expense ₱ 79,187.50 ₱ 84,065.50
78,131.50 78,321.50
₱ ₱
Operating Profit Margin ₱ 43,662.50 ₱ 51,376.63
38,868.50 50,671.00
Bauan Technical Integrated High School 98
₱ ₱
Less: Taxes, Licenses, and Interests ₱ 8,958.00 ₱ 9,978.00
11,658.00 10,850.00
Table 8
Selling Expense
Sales Salaries ₱ 17,160.00 ₱ 17,160.00 ₱ 17,160.00 ₱ 22,880.00
Table 9
3-Year Annual Projected Income Statement
Bauan Technical Integrated High School 100
In this projected income statement, it is clearly seen that in the first years
of the business operation, there is an unstable and fluctuating sales and profit,
while for the second year and the following years, it portrays a consistent
this period of time, the business is on its way on establishing its brand identity
and position within its specific miche in the market. It is also evident on the table
that from year 2, to the next year, the projected sales has been increasing by 5%
as compared to the preceding period. Hence, the table shows growth over the
Bauan Technical Integrated High School 101
years, which is inevitably projected as the entrepreneurs plan to synchronize
accounts of the firm. It contains the totals for the company's assets, liabilities,
and owner equity, which collectively show the state of the business as of a given
without a balance sheet because liabilities are paid off first in a bankruptcy. As
long as the owners of small enterprises can see that money is flowing in, they
typically do not account for their assets and obligations. They occasionally forget
that if they don't have enough present assets to cover their responsibilities when
they become due, they could have problems paying their bills.
This projected balance sheet entails the record of projected total assets,
liabilities, and owner’s equity of Bubble Bliss Enterprise, upon its first 4 years of
operation. Presented in Table __ are is the projected Balance Sheet for Bubble
Table 10
Assets
Current Assets
₱
Cash in Bank ₱ 168,000.00 ₱ 235,000.00 ₱ 285,525.38
110,000.00
₱
Office Supplies ₱ 37,346.08 ₱ 35,720.07 ₱ 43,567.70
37,311.34
Non-Current Assets
Current Liabilities
Non-Current Liabilities
Total Non-Current
₱ 184,000.04 ₱ 138,000.08 ₱ 92,000.12 ₱ 46,000.16
Liabilities
Owner's Equity
With the significant increase of profits from the projected income statement upon
the first 4 years of business operation, the Balance Sheet portrays an increase
in assets, equity, and other business investments by the partners who will run
Bubble Bliss Enterprise. This will further establish the capital management and
the way they manage the inflows and outflows of financial resources towards the
business’s sustainability.
company during the period are reported here. This statement is prepared prior to
balance of the equity to be used in the SFP. In this table, it has been presented
as the generalized capital structure of the business, hence, covers the equity
Table 11
Additional Investment - - - -
Sub-Total ₱840,528.6
₱455,368.00 ₱558,502.63 ₱695,504.63
3
claim or equity over the business, with its increased investments through the
income it will generate over years of marketing various soap products to end-
the first year of operation in 2023, to the fourth year of business operation, the
Cash flow is the financial statement that appears how changes in balance
sheet accounts and income influence cash and cash equivalents, and breaks the
commerce. This gives data approximately about cash receipts, cash payments,
and the net altars in cash coming about from the operating, investing, and
The cash flow benefits the business by verifying the probability and
liquidity positions, verifying capital cash balance, managing cash, planning and
Table 12
( ₱ (₱
Net Cash from Investing Activities (₱ 15,000.00)
32,000.00) 39,000.00)
( ₱ (₱
Net Cash from Financing Activities (₱ 116,000.04 )
96,000.04) 116,000.04)
This cash flow statement for Bubble Bliss Enterprise shows unstable and
fluctuating cash flow management, which signifies the foreseen cash flow
management transition of the entity, just like other entities, who finds difficulty on
managing cash assets, upon first years of running the business. From the year
2024, cash has also increased, but of a significantly lower value, with only an
increase of ₱76,134.53, which again increased in 2025, valuing to ₱89,002.10.
Financial Analysis
business project. Presented are the following financial analysis of Bubble Bliss
Enterprise.
1. Liquidity Ratios
Current Ratio
1 ₱ 434,358.08 / 6.7
(2023) ₱ 65,000.04
2 ₱ 476,582.79 / 7.0
(2024) ₱ 68,000.08
3 ₱ 603,674.87 / 8.0
(2025) ₱ 75,000.12
Bauan Technical Integrated High School 108
4 ₱ 710,788.83 / 12.0
(2026) ₱ 59,000.16
Quick Ratio
Working Capital
2 ₱ 476,582.79 - ₱ ₱ 408582.71
(2024) 68,000.08
2. Solvency Ratio
Debt Ratio
₱
1 / ₱ 664,368.08 0.37
249,000.08
Equity Ratio
3. Profitability Ratios
1 ₱ / ₱ 581,900.00 0.18
103,392.00
2 ₱ / ₱ 775,822.50 0.24
184,578.63
3 ₱ / ₱ 905,126.25 0.27
243,488.06
4 ₱ / ₱ 880,000.00 0.28
245,694.00
1 ₱ / ₱ 15.68%
105,368.00 664,368.08
2 ₱ / 20.32%
143,134.63 ₱ 704,502.79
3 ₱ / ₱ 24.55%
197,002.06 802,504.87
4 ₱ / ₱ 23.69%
205,024.00 865,528.95
1 ₱ / ₱ 25.37%
105,368.00 415,368.00
2 ₱ / ₱ 498,502.63 28.71%
Bauan Technical Integrated High School 112
143,134.63
3 ₱ / ₱ 31.00%
197,002.06 635,504.63
4 ₱ / ₱ 26.96%
205,024.00 760,528.63
Break-Even Analysis
business plan for a new business. Financing sources will want to see when you
expect to break even so they know when your business will become profitable.
But even if you’re not seeking outside financing, entrepreneurs should know
when your business is going to break even. This will help you plan the amount of
startup capital you’ll need and determine how long that capital will need to last.
In this regard, the table below presents the projected break-even analysis for the
average monthly sales of Bubble Bliss Enterprise upon its first year of operation.
Break-Even Analysis
Variable Costs
Inventory 8.0%
Fixed Costs
Bauan Technical Integrated High School 113
Supplies ₱ 1,500.00
Advertising ₱ 2,500.00
Rent ₱ 7,000.00
Telephone ₱ 1,000.00
Utilities ₱ 2,500.00
Insurance ₱ -
Interest ₱ 833.00
Depreciation ₱ 2,507.50
SECTION 9
SOCIO-ECONOMIC CONTRIBUTION
products on families with low to middle-class level of family income, who are
Bauan Technical Integrated High School 114
heavily affected by the inflation rate brough by various crises and the
COVID-19 pandemic
Bubble Bliss Enterprise is timely and relevant to the current market situation
Bauan, Batangas. The entity aims to gain numerous new and loyal customers,
course for the business to be successful. But it doesn’t end there. The business
not only wants to satisfy our main goal of gaining profit but we should also
satisfy our secondary goal of contributing and helping the society as a whole.
Paying taxes and royalties for example paying taxes constantly to help the
stakeholders.
To the customer.
the most commonly used household and industrial items to produce and sell, as
they believe that this will effectively meet the needs and demands of all
soaps and cleaning detergents that were of the same quality but priced very
much lower than leading brands. To the beloved customers, Bubble Bliss
Enterprise seeks affordable laundry and dish cleaning experience through our
pure and high quality products, that are remarkably competitive compared to
business in the locality because most of these household members and end
consumers cannot afford the increasing price of those leading brands which lead
them to prefer to use local brands. The proposed business will provide the
customers with high-quality and affordable soap products and cleaning agents.
The company envisions itself to also slowly start embracing the overall
customization of volume orders for the customers to perfectly fit their budget and
needs. The sellers will assure the people that our product is high quality and
worth it to buy, given its gentleness to the pocket and budgets of the average
family . The company’s stand on this matter to set itself apart from its
To the community:
The business is not just for the individual customers but also for the whole
community. Bubble Bliss Enterprise shows the public the wide variety of soap
experience for all household members to maintain cleanliness within the comfort
The business is not just helping the community but also for the environment.
Many of us struggle with using plastic containers because they can easily be
damaged and can be more prone to its single-use or frequent disposal. Bubble
washing and laundry soap. This will embody how we want to be able to ensure
the cleanliness of laundry and the dishes through retailing products, at the same
Bauan Technical Integrated High School 117
time ensuring the scent and overall shine of the household items where the
products may be used. The company will set its establishment apart from its
competitors, more than just by providing excellent customer service, but more
our marketing process, hence, boosting the brand recognition and stabilizing the
market position of the product. The business aims to provide good quality
goal. Our business social responsibility to our community are value for money,
fair and honest advertising, local sourcing, sustainable products, product testing,
information to make informed decisions to help the community cope up with the
To the government:
The business will be useful to the government since each worker taxes
and the income taxes to be rendered by the entity. This will offer assistance to
taxes. This will offer assistance to the government's individuals and progress or
business to the government revolves around the observance of law and order,
locality. The business shall also ensure following Suggested Retail Prices
(SRP), honest pricing and legal supply chains to ensure that no business
transactions will run against any government rules for retail businesses.
going to take the obligations for them to claim their deserving compensation and
benefits for the hard work and enthusiasm they exert. The entity will not only
focus on the needs of the buyers but also on the needs of the employees. The
business will be more useful for the employees when they persistently bring their
best that will make a business succeed. Many activities can fall under the rubric
that we can provide jobs for example being a sales attendant, a cashier and
manager. Next, training for example those senior high school who's conducting
goods and services, and stimulates overall growth. Socially, employment can
also promote social healing, encourage the return of displaced persons, and
The products offered by the firm will take an environmentally sustainable
and regulations regarding, “The Clean Air Act of 1970, Water Pollution Act and
The Endangered Species Act,” were part of the national consensus addressing
Therefore, the reusable plastic containers and our campaign on bottle refill can
help to reduce the use of plastic and can help to reduce environmental
Bauan Technical Integrated High School 120
degradation caused by plastic packaging containers. Bubble Bliss Enterprise
will contribute to lessen the single- use of plastic containers that can inextricably
a healthy environment. As the business operation grows over the years, the
team envisions itself to widen its relationships with other possible companies,
are packed using plastic bottles, the entrepreneurs are slowly envisioning retail
discounts for refills and possible partnerships with recycling companies where
we can process the used bottles of the customers, for something new, or a
packaging. In this kind of product packaging, individuals will help our mother
plans to launch its customer program, “Bubble Bliss Bottles (3Bs)”, with the
awareness among the households, that may in turn promote the sustainable use
of these plastic bottles or containers, so that the team can also ensure
minimized plastic wastes for the sustainability of the environment. In this long-
term marketing plan of the company, it can set itself apart as the first enterprise
that makes use of the used plastic bottle containers that are turned over by
regarding the community development program like clean and green campaign
that aims to beautify our nature and to have a clean and safe environment.
To the suppliers.
business doesn’t want the society to buy products only for us but the
entrepreneurs also want to look for suppliers through local sourcing, to support
other local businesses like buying from them and selling it to our customers. Our
materials interest on borrowings, and other charges should be prompt. And all
comply with governmental regulations whilst at the same time to reduce their
cost and to uplift other small and local businesses to increase their profit.
Bauan Technical Integrated High School 122
SECTION 10
APPENDIX
the content. This summarizes all the figures, graphs, charts , and tables
Flyers/Poster
Tarpaulin
Bauan Technical Integrated High School 123
Industry Studies
sell laundry and dishwashing items can be a beneficial and lucrative business
impact on people's lives. Since Filipinos are engaged on social media, this firm
resilience to fabrics, are gentle on the eyes and skin, and disperse well in water.
types of raw ingredients that remove filth, stains, and grime from surfaces and
ventilation to safely keep the supply of the soap products, and a cashier where
the seller can negotiate the transaction and safely keep all the cash and other
payments, along with designated areas for the stocks, for packaging, sorting,
and even for the delivery or pick-up point. All the rooms in this store can
and suitable marketplace where the sellers and buyers and interact proactively.
Bauan Technical Integrated High School 125
space is a vacant stall near one of the entrepreneur’s houses, which is near the
the supply of the soap products, and a cashier where the seller can negotiate
the transaction and safekeep all the cash and other payments, along with
designated areas for the stocks, for packaging, sorting, and even for the delivery
or pick-up point. More than the advantage of its location is that the product is in
Bauan Technical Integrated High School 126
high demand and the competition is fairly low, within the vicinity where it would
be situated.
Bauan Technical Integrated High School 127
c. Mayor’s Permit
d. Barangay Clearance
e. Building Permit
community. It will also aid the property value and help save money since
run.
The following are some of the additional plans we will make to inform all
and we will stop at nothing to accomplish our business goals and objectives. Our
market demand, and the startup's potential customers, the next step is to devise
Target Market
sell its goods and services. This category also includes individual customers
crucial step in the marketing strategy development process for any business. If a
business does not know who its target market is, it could waste a great deal of
Proper, Bauan, Batangas who seek to have an affordable laundry and dish
cleaning experience through our pure and high quality products, that are
The business targets to sell its products to female household members, aged 18
and above, who are particularly from families with low to middle class socio-
other provinces, the entrepreneurs plan to penetrate the market within the
restaurants, cafeteria, food stalls and food businesses; sari-sari stores; laundries
target market location regardless of their age, gender, and social status can be a
potential market for this business considering that these household commercial
products are one of the most in-demand needs of the household, given that it is
used for cleaning the dishes and laundry, thus, is one of the staple household
The total size of the market includes all household members or citizens of
Manghinao Proper, along with its nearby vicinities. Given that there is still a
pandemic, the market grows slowly due to the massive effects of it. However,
researchers reveal that through using online platforms to advertise the product
and raise brand awareness, businesses help the market to progressively arise.
The pandemic greatly influences the major trends in the target market. In terms
of consumer preferences, they want to allot their money on more useful and
dual-purpose products. The demographic shifts affect the buying behavior and
product that is worth spending for and offers many uses and advantages.