Socio Economic
Socio Economic
economic endeavors. With this regards, they cannot go away with the fact that
the responsibilities and relationship of the business towards the society within
which it operates.
The Government
fulfillment of the obligations and duties of the government to the public through
and the government use funds from tax to serve and protect their welfare.
With this regards, the proposed business will definitely pay the right
Community
The business will create employment for the individuals in the community
especially those who badly need a job. Thus, the opening of the manufacturing
address problems in help and malnutrition and it can provide education related
to the business through trainings and seminars that will be their basic salaries as
promised by the partnership and they must be also given several benefits to
enjoy.
Employees
The proposed business has the goal to help the individuals and to create
an increasing income due to the rate of unemployment in our country is still high.
important role in achieving the objectives of the business. In recognition for this
valuable contribution, the business is also responsible in taking good care of its
employee. Atcharap ensures that every employee will be given the salaries that
they deserve in accordance with the law. The employees will also be trained to
grow and develop as productive and efficient workers. They will also be given
the right to form a labor union for the protection of their socio-economic interests
Customers
The business’ customers will be the sole source of our earnings. Given that
fact, the business will ensure that all customers will receive the quality products.
Customers determine the growth and survival of any business. The idea of
treating the customers with respect and attention is important. Also, being
mandatory to create time and effort on how to improve the business and
services, is still the customers that will dictate the success of a certain business.
a) Quality Services
The firm should provide fair service that will satisfy with customer’s
b) Price
The firm should introduce a quality products for affordable price.
Consumer buy more with the same purchasing power which will raise
Competitors
within the city of Baguio. Among them, St. Peters and La Funeraria Paz are the
major competitors. However, the business ensures that it will not resort to
unethical acts in order to have an edge over its competitors. False information or
advertisement will not be effectuated. The business will guarantee fair dealings in
Suppliers/Vendors
The business needs its suppliers and vendors in order to meet their
demands in terms of economic goods. It will safeguard the interest of its suppliers
good credit relationships. Long term commitments will also be established given
Future Plans
Estimated Project
Priority Project Name Brief Description
Cost
deeply affects the other. The importance of corporate social responsibility has
millennials.
Economic Responsibilities
Business organization was the basic economic unit in our society. As such,
its principal role was to produce goods and services that consumers needed and
wanted and to make an acceptable profit in the process. At some point the
idea of the profit motive got transformed into a notion of maximum profits, and
this has been an enduring value ever since. All other business responsibilities are
predicated upon the economic responsibility of the firm, because without it the
which means a company must attain its objective of maximizing its profits. The
business will produce services that the community wants and to maximize profit
Employees. The business will provide diversity, health and safety, training and
mentoring, employee relations, and wages and benefits that will sustain the
Legal Responsibilities
profit motive; at the same time business is expected to comply with the laws and
rules under which business must operate. As a partial fulfillment of the "social
contract" between business and society firms are expected to pursue their
economic missions within the framework of the law. Legal responsibilities reflect a
view of "codified ethics" in the sense that they embody basic notions of fair
operations as established by our lawmakers. They are depicted as the next layer
all laws is the most important responsibility, according to the theory of corporate
duly accomplished. The business can be expected to fulfill its economic goals
Ethical Responsibilities
company. After a company has met these basic requirements, a company can
awareness and its impacts on the living and non-living systems will be taken into
can reduce business risk, improve reputation, and drive market opportunities.
Philanthropic Responsibilities
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