Chapter 5 (Socio Economic Aspect)

01

Chapter 5 SOCIO – ECONOMIC ASPECT

In this chapter includes the amount of labor to be employed, the amount of taxes to be paid to the government and the benefits that the people will acquire from this project. The firm employs Manager, Assistant Assistant Manager, perational Manager, !ales Manger, "ashier, and #roduction $or%ers. &ach of the employees will  be given the right compensation and all the benefits benefits that they will be needed. Also the security and safety of each wor%er will be properly implemented. The compen compensat sation ion for the employ employees ees will will be follow followed ed accord according ing to the minimum wage law. Taxes to the Government

The The ''( ''( Incor Incorpo pora rate ted d will will have have the the obli obliga gati tion on to pay pay the the righ rightt amount of taxes to be able to help bear the government. The management will strictly follow the twelve ) *+- tax rate from the company/s total net income.

06

Contribution to the Philippine Econom

The The ''( ''( Inco Incorp rpo orate rated d has has in mind ind how how to help help buil build d up the the #hilippine economy. Through this project, we will be able to more jobs to the people who cannot find jobs due to lac% of job opportunities and also due to their appalling records. The employment of wor%ers for the company will help

diminish

the

problem

of

the

county

concerni rning

about

the

unemployment. In accordance with this business flow, more people are then expe expect cted ed to be give given n job job oppo opport rtun unit itie ies. s. Aside side from from that that we can can also also encourage crop farmers to produce 2Malunggay3. $e can ma%e them as our  main supplier for our product. This feasibility study could also provide more ideas on how to enhance the use of 2Malunggay3 and bear out much more uses of it. If it is to materiali4e and if made possible, could help the growth of our economy *particularly the local mar%et producers5 with the inflow of  income and taxes from the business such as this. This This stud study y is also also expe expect cted ed to enha enhanc ncee the the stab stabil ilit ity y of the the labo labor  r  industry with the influx of the more local business enterprises. This study will cater on how to create or establish a effective and efficient business and yet cheap *in terms in capital. #articularly, this study will help to cater our  #hilippine economy in solving the economic condition of our country today. today.