Germinator Inc.

• Main Authors: Alcid, Melissa, Barretto, Monica, Coronel, Clarisa, Gaffud, Carole, Ngo, Monica D., Ortigas, Denise Marie Montinola, Padua, Mark Lester Reyes, Rodriguez, Mona Liza Pia Cloribel, Roxas, Robin Emmanuel Stelton, Stelton, Jennifer Louise Christina Villaricca
• Format: text
• Language: English
• Published: Animo Repository 1999
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/17014
• Institution: De La Salle University

The Market Study done by the proponents is feasible for a number of reasons. Through the Market Study, the proponents were able to define the primary and secondary market. Results from the survey indicated that 335 out of 361 respondents are willing to buy the product. Monthly demand was computed as 900 units and market share was 57.78%. The proponents were also able to identify the preference of the market regarding the price, promotion, product, and place of Better Than Soap which then helped the proponents in establishing their marketing program. For the Technical Study, the proponents were able to determine the most efficient flow of activities at the shortest time possible through the several Time and Motion Studies. Consequently, the proponents were able to determine their minimum, maximum and average plant capacity which aided them in determining the number of workstations needed for their production. Labor requirement for each activity were then assigned depending on the total number of the proponents. The proponents were also able to find suppliers of their raw materials, machinery, and equipment that were affordable to the proponents. The proponents so plan to rent another mixer if there is increased demand for Better Than Soap. Also, the proponents were able to choose their plant location that is most convenient to both the proponents and the suppliers of their raw materials. Moreover, the proponents were able to determine or calculate their production cost based on the cost of direct materials, direct labor and factory overhead. The proponents considered the 10.2% rate of inflation in computing their production cost in anticipation of the fluctuating prices of their direct materials. Based on the computed production cost, the proponents then determined the number of units and the amount needed to be earned to reach break-even, that is, no profit will be earned nor loss will be incurred. Lastly, the proponents were able to find ways in disposing their chemical waste in the most environmental friendly way. The Management and Legal Study provided the proponents with several guidelines for their operation as a corporation. First, the proponents were able to choose the form of ownership they wish to adopt. Along with this was the task of choosing their corporate name which they deemed best suitable to their product. The proponents then formed their organizational structure and elected their Board of Directors and corporate officers. Consequently, the Germinator Inc. established several rules and regulations which shall govern the corporation, its directors and officers. Moreover, the salary scale of the Board of Directors and corporate officers were set up. Also, the respective duties and responsibilities of each director and officer were specified and assigned. Germinator Inc. was also able to establish their authorized capital stock. In addition, the proponents were able to determine the schedule of activities the proponents are to perform during their Practi1, Practi 2 and Practi 3. The Financial Study gave the proponents a bird's eye view of the projected financial standing of Germinator Inc. throughout their corporate existence. The proponents were able to list down the financial assumptions that are suited to the operations of the business. And through these assumptions, the proponents were able to calculate the project cost which indicated that the P 30,000 initial cash outlay by the proponents was sufficient to meet the initial needs of Germinator Inc. Most importantly, the financial statements provided by the proponents served as helpful instruments in forecasting the total assets and net income at the end of Germinator Inc's corporate existence. Consequently, the proponents were able to determine the efficiency by which the proponents were able to maximize the use of their assets, in turning their inventory into sales, and in controlling their operating expenses.