Sample Socio Economic Aspect for Feasibility Studies

SOCIO-ECONOMIC

SOCIOECONOMIC ASPECT

THIRD POWER MANUFACTURING AND DISTRIBUTION INC. Cocube Chocolate Drink

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SOCIO-ECONOMIC SOCIO-ECONOMIC ASPECT Socio-economic aspect aims to discuss and determine what are the social implications of the study to the society, the economic implications and the environment implications of the study to the economy. 

To determine the social implications of the study

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To determine the economic implications of the study

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To determine the environment implications of the study

SOCIAL IMPLICATIONS Being part of a business industry affects social and economic environment in many means. As of now, many Filipinos experience crisis because of political intensions, globalization and continuous increase of cost of materials and products brought about by the current fluctuations. The company presumes the product will give benefits at the same time to the consumers. The Social Implications the proponents is to imply the success of the business and to be dedicate to proponents work, improve self-confidence and lessen the hesitation in socializing with other people. When it comes to social implications of family, which is the most important consumer buying organization in society, they serve as the number one consumer of every business, that lead them to achieve their goals. The target market of Third Power Manufacturing and Distribution Inc. are the households, employees, students, convenience store, and groceries in Mandaluyong City. The company produces soluble Chocolate cube drink in a very much affordable price. It will also help the customer to have an easy buying of products because the proponents will deliver it directly to the clients, in that way the customer can save many from the expense of transporting.

ECONOMIC IMPLICATIONS The Third Power Manufacturing and Distribution Inc. plays an important role in the development of the country. Business will give opportunities, which will provide the needs of the people and economy. The business is responsible to pay all the needed taxes to contribute to the economy when it expands to larger scale of business. Venturing into the business will provide a means to minimize the unemployment rate. Taxes and fees due to the company’s operation will also help the government to attain economic progress.

ENVIRONMENTAL IMPLICATIONS To secure the health of the people when the business operates, the waste must be disposed properly specifically, the materials which are harmful to the environment. The business must follow the rules and regulations imposed by the law. The company will also help the environment by the lessening the garbage through proper waste disposal. It helps to maintain the cleanliness of the surroundings.

THIRD POWER MANUFACTURING AND DISTRIBUTION INC. Cocube Chocolate Drink

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