JOYZE SNACKS AND FROZEN GOODS : An Entrepreneurial Training Report - Ramos, Arianne Joyze Basco; JULIE L. AGUILAR (Magalang, Pampanga : Pampanga State Agricultural University, 2022)
Joyze's Snacks and Frozen Goods is located at Magalang Public Market and the operating hours from Monday to Friday between to 4:00 am to 12:00 nn and Sunday 4:00 am to 12:00 nn. The business was name Joyze's Snacks and Frozen Goods with a tagline "It's like a mouth full of joy". The Joyze's Snack and Frozen Goods offer different kind of snack like; Pansit, Carbonara, Fresh spring roll, Letche Flan and also offer a frozen goods like, Longganisa, Hotdogs, Ham, Tocino, Burger, Macao, Ground Pork. For the snacks the price ranged from 50.00 to 75.00 and for the frozen goods ranged from 40.00 to 120.00. The initial investment is 4000.00. The problem encountered was (1) Can't avoid having competitors, especially because of their location in the Magalang Public Market. Some of the competitors have cheaper prices than our business, so in the end, the customers will buy from the competitors instead.. (2) One of the problem in marketing was the increasing the price of raw materials and the products. Will affect the profit. (3) The product's manufacturing will be influenced by the changeable cost of raw materials, It will make fewer units of a product instead of more.(4) Due to a lack of funds, the entrepreneur may be unable to purchase a large quantity of products to sell.(1) The entrepreneur decided to compete on price with the competitors. By doing so, the entrepreneur decided to seck out lower-cost raw materials to compete with each product's selling price. This ensures that the product's price is close to its competitors'. (2) The entrepreneur finds a supplier that provides a cheap price so that the profit does not decrease, (3) We can find more suppliers that can meet the demand for the product and provide it at the same price or cheaper, so it won't affect the selling price of the product. (4)The entrepreneur makes sure to have funds to purchase a product to sustain the business and has enough product to sell.