Jars Chili Company: A feasibility study on the production of wild chili in Daet, Camarines Norte James Daniel H. Arcega, Rafael F. Buitizon, Janine C. Bernardo, Allyana Marie T. Grabador, Shyra Marie S. Florin, Andrea Khaye M. Ocampo, Jade S. Villagracia 6

Feasibility Study: (BSBA major in Business Economics) - Pamantasan ng Lungsod ng Maynila 56

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Executive Summary a. Marketing Feasibility Jars Chili Company aims to provide high-quality, sustainable, and organic siling labuyo or wild chili in the province of Daet, Camarines Norte. Under this aspect, the supply and demand were calculated using information obtained from the Philippine Statistics Authority (PSA) and face-to-face surveys. Through this, it was determined that the market was in fact in need of siling labuyo or wild chili. The company's more than 605 market share will then be used to address this. This section also covers the business's marketing strategy, which includes a variety of methods such as the usage of online marketplaces like Lazada, Shopee, Facebook, and Instagram. The cheaper also included a SWOT analysis of the company, which focuses on its opportunities, threats, and areas of strength and weakness. d. Technical Feasibility This section primarily discusses the production process of siling labuyo or wild chili in Daet, Camirnes Norte. The company's logo helps to promote both its primary goal of becoming the market's leading supplier of high-quality, sustainable grown wild chili and the nation's local agriculture. This included a discussion of the production schedule, which begins with proper seed selection, is followed by seed banking, preparation of the land, planting of the seed, fertilization of the land, irrigation to maintain soil moisture, as well as the implementation of pest and post management, and is then followed by the harvesting, storage, and utilization processes. The plant location, which is on Camambugan, Daet, Camarines Norte is known for its rich loam soil that would greatly impact the production of wild chili. The GANTT chart, or the company's business process, was displayed as well in this section, along with all the tools and equipment that the company will be acquiring for business operations. e. Management Feasibility Under this chapter, the management aspect of the company was discussed. The JARS Chili Company will have seven (7) partners in order to achieve its primary goal of providing high-quality, organic, sustainably grown wild chili to the market. These partners will have a limited amount of liabilities, which encourages honesty and transparency. When it comes to wages, benefits, and business practices, the business will abide by the Philippine Labor Code. The company's workforce primarily comprises a Farm Manager, a Finance Officer, a Strategy and Operation Manager, Logistics and Distribution Staff, A Human Resource Officer, Marketing Staff, Agricultural Workers, a Quality Control Inspector, a Delivery Driver, and Packaging Staff. e. Financial Feasibility This chapter outlines the company's funding source, which will essentially consist of an equal contribution from each of the partners. The financial statements that will support the viability of the company, such as the balance sheet, the income statement the cash flow statement, and the statement of changes in owner's equity, were also mentioned in this section. e. Socio-Economic Feasibility The JARS Chili Company is aware of its socioeconomic responsibilities to the community. Its establishment of the business will bring job opportunities as well as tax contributions to the province of Daet, Camarines Norte. As a result, the business will be able to support the development of the community, the nation's infrastructure, and government programs. The business also pledges to support regional farmers, allowing local producers to promote their goods and contribute to the overall development of the agricultural sector of the nation.

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