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Consumer Analysis
Customer is an individual who has a particular quality of buying goods and services from
a business. It is vital for a business person for a business person to consider the needs and
demands of his or her customers before starting a serious business.
Buying is a tool that will totally complete a sale and that the buyers are highly valued for
without them, there will be no successful business. As for this, or business does not only limit to
a specific type of market or particular group of people. We offer our product for everyone
regardless of their age, sex, culture, interests, and socioeconomic status. The customers can
already enjoy and become satisfied of our product because of its affordable price and health
contribution.
The demand for Nutri Sweet Camote with malunggay is based on the total number of
students in University of Cebu The demand for Nutri Sweet Camote with malunggay is based on
the total number of students in University of Cebu Lapu-Lapu-Lapu and Mandaue, we can get a
maximum of 20% out of the total population of the elementary, secondary and college students
who most likely are fond of eating Camote. We cannot also hide the fact that students are into
nutritious yet inexpensive foods. As for the college students, we can only get a maximum of
15% of them because they probably would prefer foods from fast food chains.
Competitor Analysis
The competitors in a Camote Company have their own unique way of attracting and
serving the customers. However, the CHREBJ-GM’s Delight is different because it is the only
company that serves a Camote topped and smashed with Malunggay. As for our supply, the
making of Nutri Sweet Camote is quite easy because we have competent, efficient and
innovative cooks who are able to make a maximum of 75 pieces of Nutri Sweet Camote per
hour. The ingredients and equipments as well are easy to buy because our location is quite near
to the city’s market.
Market Forecast
In this type of business, there will surely be growth and progress. People in all gender and
interests will be compelled to buy our product because we will be innovating and adding twists
to our product so the consumers especially the students will get interested with it. We will add
more vegetable and fruit fillings to our main product. Not only that, we will come up with
another products closely associated to our main one in terms of ingredients and nutrients. We
are certain that we will have more and more customers in the next years because the
competency, efficiency and capability of our business will increase. The scope of our business
will surely expand with the aid of each of our partners. Also, more numbers of people will be
added to our partnership business as it will continue to prosper. The supply of our products as
well will increase because of new equipment and machines we will be investing.
Market Share
Beside the University of Cebu Lapu-Lapu and Mandaue, the suggested location of
CHREBJ-GM’s Delight, the Battered Quail Egg and Tempura stall subdues 35% of the market
share, followed by the Grilled Chicken Intestine stall which has 25% market share, then the
French Fries stall that holds 20% of the market share and the Japanese cake stall that 10% of
the market share. So, as a new entrant in the market, we have 10% market share fitting for our
business.
Market Position
The Battered Quail Egg and Tempura stall shares the biggest part in the market for they
are known for their exotic product and average price followed by the Grilled Chicken Intestine
stall which offers low quality product and average price, and then the Fries stall which offers
high quality product and high price. By this figure, our company is planning to position our
business in the market between the Battered Quail Egg and Tempura stall and French Fries stall
on which we will provide a nutritious and delicious high quality snack that will suit the taste of
everyone and has an average price in which everyone can afford to buy.
Marketing Strategy
In starting up a business, it should be carefully planned and organized. Actual study and
survey should be conducted to determine the specific market and its demands, the capability of
the product and the methods of developing a satisfying product and entering the product into
the proposed market.
Today, stiff competition needs a marketing strategy to maintain customer’s loyalty.
Advertising and promotion help pursue and attract customers. The enterprise should
understand its market first and comprehend a person’s motivation for buying a particular
product. ‘Knowing the customers’ is a must to a business. As for us, we consider the demands
of our customers to satisfy their needs. We regulate the policy that ‘Customers are always
right.’ Also, we offer our product to buyers regardless of their age, sex and social status in the
society. Secondly, we are to know our competitors which is a vital tool in sustaining and
improving one’s business. We are doing benchmarking; the search for the best practices among
competitors and non-competitors which would help us in improving our product. Thirdly,
‘packaging the product.’ One way to attract customers is by beautifying the outer appearance
of the product and its presentation. These things add to the quality of the product. Fourthly, we
consider the ‘price’ of the product. We decided of a reasonable and affordable price for our
product that will fit the budget of every student, faculty, and staff and nearby residents. Lastly,
we have upgraded technology and equipment that will help bring innovation, efficiency and
productivity to our product.
BUSINESS DESCRIPTION
Product Description
Our main product is comprised of an assortment of vegetables. It is called the Nutri
Sweet Camote; an alternative snack made up of Camote that has a filling of different variance
which are malunggay (horse radish) and peanut. Camote is one of the best choices of snack for
it is an excellent source of Vitamin A, Vitamin C. Additionally, it is a good source of potassium,
Vitamin B1, Vitamin B2 and phosphorus. These fillings, as well, have different nutrition that will
contribute to our customer’s health. The Malunggay, also known as the Miracle Tree, is a
multipurpose plant, as the leaves, pods and all other parts can be utilized. It is a powerhouse of
nutritional value. The peanut, as well, is abundant in the vitamins niacin, folate and Vitamin E.
The product is served at the counter, for take-out and as street and classroom snacks.
We also take orders online, by phone, or at our location (exclusive in Mandaue and Lapu-Lapu
only).
CHREBJ-GM’s DELIGHT will provide and satisfy the needs and the cravings of the
customers without compromising their health.
Equipment/Materials needed
Size of the Business
CHREBJ-GM’s Delight is a small business with an office of 80 square kilometers and a 50
square kilometers stall located at Looc, Mandaue City beside University of Cebu Lapu-Lapu and
Mandaue Campus.
Personnel Equipment
CHREBJ-GM’s Delight office is located at Pajo, Lapu-Lapu City. Its 11 partners are staying
there for important personal interactions and business discussion. The total number of
employees residing there will be 50. When on the other hand, the stall which is located beside
UCLM will be jam-packed with a total number of 90 employees.
Organizational Plan
Proposed Salary
Employees and employers can get benefits from our company with regards to the
salary. The partners of this business will have a minimum income of Php 150 per day, Php 2250
per 15th day and Php 4400 per month in accordance to their efforts, investments and working
period. The salary of the employees vary especially that there are shiftings.