Marketing Plan Mi Amore Gourmet Tuyo
Marketing Plan Mi Amore Gourmet Tuyo
Marketing Plan Mi Amore Gourmet Tuyo
Principles of Marketing
By:
PAMA, Hazel N.
Submitted to:
GAS 12-1
May 2021
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES II
Table of Contents
Title Page............................................................................................................I
Political ..........................................................................................3
Economic ......................................................................................4
Socio-Cultural................................................................................4
Technological ................................................................................5
Company Resources.....................................................................7
Product Resources......................................................................10
Market A ......................................................................................11
Market B ......................................................................................11
Market C .....................................................................................11
Competitor A ...............................................................................14
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES III
Competitor B ...............................................................................15
Competitor C ...............................................................................17
Packaging Strategy………………………………………………………...29
Price Strategy.......................................................................................30
Promotions Strategy............................................................................32
Communication Objectives.................................................................32
References ......................................................................................................41
Appendices .....................................................................................................42
EXECUTIVE SUMMARY
Filipino fish delicacy. Our product, Mi Amore Gourmet tuyo is upgraded into a
healthy-fancy dish. Mi Amore Company is also known for its customer service
and the customer-producer bond that we established ever since the start and
Our strength lies in the fact that gourmet tuyo can last for 5 months and
can feed up to 4 persons in just one serving for a very affordable price of our
delicious gourmet tuyo. Aside from that, it has health benefits, gourmet tuyo
promotes healthy living for the people since it can also serve as an alternative
health treatment food that helps the custumers to prevent any kind of diseases
For our weaknesses, the production cost is pricey since our company
wants our customer to have a good impression when they see our product.
Also, for a fact that our business has one branch only since it is just starting,
this might be our weakness from other brands that are well-known. But
nevertheless, we have plans to launch a big surprise involving our product. Our
company will make sure that we will give a memorable and positive impression
to the customers with the consistent and wonderful taste of our product.
consume our product since they have the opportunity to save a big amount of
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES V
money allotted to their food. During this time of pandemic, food is very esential
and in demand that’s why our gourmet tuyo is really perfect in this time. Since
food has high demand and loads of people wants a delicious food that is
affordable at the same time, the product can possibly expand if the growth of
The threat that will most likely confront us in the future is the fact that we
are competing with already established gourmet tuyo businesses across the
Metro Manila and others who are most likely going to launch similar business
and product. Another threat that we could possibly face the lack of resources
especially in the times of calamities where there is only limited fish to catch.
bought for an affordable price.The said product also has its health benefits that
can be helpful for customers of any age. The 180 grams bottle (which is the
whole tuyo) costs Php 139 and the 220 grams bottle (the tuyo flakes) costs
Php149 at any flavor. These prices will remain within the first 12 months.
As for the promotional strategies that our business, Mi Amore Gourmet Tuyo,
does, we utilize the physical and digital marketing strategies as both of them
also apply to the world’s current era. We see lots of emerging types of
few clicks. Our business applies data analytics to marketing and sales to
discover new useful ways on how to promote through the social media
platforms. Our business continues to be more creative day by day and adjusts
Chapter 1
THE CHALLENGE
and then how the company will address to cope up with the said challenges.
common Filipino viand and is known as the food for the poor and that we
changed and upgraded into a healthy fancy but beneficial dish, has its fair
share of challgenges since our company is just new to the business industry.
That is why it is our aim and main objective to identify, analyze, and solve these
challenges that we will face and to be able to manage every aspect of our
inflation rates, interest rates, and tax compliance. But all these external factors
that affect a small new business, like ours, can be solved by surrounding the
business with the many worlds of information and technology, and also with
professional people who can help the business overcome these challenges.
Being able to fully understand the world we live in today will help us adjust
ourselves and our business add also be prepared and ready for the challenges
human resources, customers, and also being aware and ready for the future
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 2
directions of our business. But these challenges are basically normal which
means that almos every businesses in the world also face these challenges.
But what makes big businesses overcome challenges many times throughout
considerable, and one of the worst things a would-be owner, like us, can
There are many ways to help make these challenges easier, but there is
often one of the reasons why people start their own business, and every
Chapter 2
SITUATION ANALYSIS
Environmental Analysis
To interpret the environmental analysis for our business, PESTEL was used
Political Economic
Following the rules and Unemployment rate
regulation set by the
government
Covid 19 protocol
Socio cultural Technology
Career attitudes Posting in social media
Environmental Legal
Plastic disaster Health and safety law
• Political
intervention.
smoothly and avoid problems regarding the company or the rules made
wearing face masks and face shield while maintaining a distance of 1-2
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 4
meters away from each other before selling our product to ensure our
safety.
• Economic
Last year, a lot of people lost their jobs due to the pandemic.
because they had no source of income or any means to provide for their
families.
the pandemic and the first enhanced community quarantine, this is the
lowest reported rate since April. The employment rate rose to 92.9
percent in March 2021 from 91.2 in February 2021. From 43.15 million in
were employed before the pandemic but it drastically changed upon the
• Socio-Cultural
• Technological
could create great impact on the process of creating and promoting our
product.
customers using social media. Our product can also reach different
places or regions. Our customers will increase even more once our
product which can reach a lot of people, creating a higher chance for our
sales to increase.
• Environmental
activity and it has a deadly and direct effect on wildlife. In our product we
will use plastic for sealing the product. Since the business just opened
recently and does not have a huge budget yet, we will use plastic for the
mean time. But once the business grows, we will no longer use them to
• Legal
protect our workers and take care of them the same way we take care of
our business because they play a huge part in the success of our
business. We also need to train them for each other's health and safety.
Company Analysis
• Company Description
fancy dish. Mi Amore Company is also known for its customer service.
• Company Logo
with an idea to use dark and light colors. Dark for the background and
light for the name and fish logo. We used them to emphasize the name
of our product and easily attract the buyers. The logo is simple yet
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 7
elegant and looks pleasant to the eyes. We added the fish as a part of
our logo so they would be able to know what the product is made of.
My Love. We want them to let our product be their ‘my love’. And every
time they translate it, they will give two meanings: my love because they
love our product and my love the real translation behind it. Together with
• Company Resources
Contribution:
Heat gun Php 70, 000.00
Weighing scale from the CEO
Officer: business brand
P20,000.00/each
Katelene Jeanelle for the other
Flores owner.
Board, Knife
Operation Tools:
Based on the given table above, the company resources are divided into
For the company’s human resources, we have four main positions which
Katelene Jeanelle Flores is responsible for the over-all flow of the business.
clients. The Financial Manager, Hazel Pama handles all financial reports,
budgets, and financial statements for the business. Fay Valerie Ricahuerta and
Ma. Ingred Verde who will serve as the Operation Managers is tasked to
should ensure that they can exhibit the corresponding duties to be able to
For the material resources, the equipment that will be used are heat gun
and weighing scale. These will help in packing the products easily. On the other
hand, the tools such as bowl, serving spoon, chopping board and knife will be
used in slicing all the ingredients, while the other tools such as frying pan, wok,
spatula, and tongs will be used in frying and cooking the ingredients and the
dried herring, while the record book will serve as the monitoring record of all the
transactions and other related matters regarding the business. All these
from the owners. For a total capital of P150,000.00, the CEO contributed an
The intangible resource only includes the public image of the business
brand. Mi Amore has its own unique selling proposition, product, logo, and
STRENGTHS WEAKNESSES
It can supply to many Equipment and tools can't be over
customers as much as used.
possible.
Transactions will be fast even in Lack of manpower
the other countries.
Table No. 2 Strengths & Weaknesses of Company’s Resources
Interpretation:
is easy for the staffs to do. In addition, each transaction can also be as fast
even if we supply in other countries that may lead to sudden growth of sales
On the other hand, the weaknesses that can be considered are these
equipment and tools can't be over used because if it was abused by the
workers/staffs it can be broken and of course, the lack of manpower since the
owners are the ones who will manage the ongoing business operations.
Product Resources
relationship. The company has its own suppliers when it comes to the
which is in Villa Carolina Subdivision, Puerto Rivas, Balanga City, Bataan. The
supplier for our bottle packaging is the owner’s friend, Frances Anne Malangit
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 11
and her shop is Central Packaging Hub located in 2nd floor Manjares place,
Lastly, for the vegetables and other ingredients the supplier is Q Mart
All our suppliers are trustworthy and has a name. The production of our
product will be easy because we have our own contacted suppliers. The said
something happens to the supplier. Delayed supply of the needed product will
cause a delay in making and distributing gourmet tuyo. But in doing a business
you need to have another plan. In our case we have plan b, c, and d to serve
Market Analysis
selling gourmet tuyo. Which is why the business' target market can't be limited
to a certain group of people only. There could be customers who loves gourmet
tuyo and those who are curious as to how the product tastes.
Interpretation:
Based on the table above, the young adults and middle aged adults are
a lot more active than the older adults in their characteristics because they are
seasonal. With their preferences, the young adults tend to follow the trend
while the middle aged adults and older adults prefer products that are good for
ones health. When it comes to buying behaviors, young adults tend to buy
products impulsively, the middle aged adults pay attention to the products
usefulness and practicality, while the older adults buy products that are familiar
and useful to them. As for the market size, there is a huge population of young
adults while there is an average population of middle age adults and a few
older adults.
Competitor Analysis
food dried fish. They also stated that Filipinos love eating “tuyo” and “daing”
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 13
since it is affordable specially to the lower and middle class, a reason why
many people including the high-class and other restaurants use fried fish in
their dishes which has a good shelf life as it has high salt content aids in
preventing spoilage.
United Nation estimated the consumption of fish products including the dried
fish in Asia-Pacific Region. Pacific Island landed at the top of the list followed
by the South-East Asia as the place with the second most consumed fish
The statements above proves that Filipinos are really into gourmet tuyo
but at the same time, we still decided to go on to the other competitors to know
However, while gourmet tuyo takes the throne as a good appetizer, one
can’t deny that there are times made for a healthier alternative fish and tuyo.
The Everything MNL, same as the website, listed down the well-known gourmet
The following brands that were mentioned above may be consider as our
our top competitor. Based on the given statements above, we have concluded
Filipina actress, and wife of the famous band vocalist Chito Miranda.
Neri’s Gourmet Tuyo craved for what seems to be a sun-dried fish that
smell nor look appetizing at all but if you are a full-blooded Filipino, many
• Strength
dried fish into something that’s Instagram worthy but not even an app
filter can give justice to its flavor. They cooked the tuyo and added some
olive oil, spices, and chili and turned it into something refined. They
bottled them in and sold them online. Now, the business is thriving,
gaining more and more resellers all over the country, and even outside
the Philippines.
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 15
• Weaknesses
will be one of the reasons why the customers will not buy the product. As
per the serving, the small size of the bottle packaging costs P185 each.
It is too costly to other customers who cannot afford but still wants to
• Market Shares
As per their market shares, they don’t have any specific data or
operates.
• Product Shares
themselves in the minds of the consumers to that their ingredients are all
her children. In an interview, the entrepreneur mom said she originally only
wanted to resell another brand’s products. However, there were already a lot of
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 16
• Strength
Gourmet tuyo flakes in olive oil: Made from local tamban, Gourmet
tinapa in corn oil: It features different spices for added flavor, Gourmet
tuyo pasta sauce: The fish is soaked in thickened olive oil you can add
• Weaknesses
affordable prices, People might not see the uniqueness in the packaging
In this regard, company has lot of competitors who also sell online with
• Market shares
specific data or the company's portion of sales within the entire market in
which it operates.
• Product Shares
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 17
back then were only regular tuyo and oil and the
spicy variety. With this, she noted that people were initially hesitant to try out
the new flavors they have. But after some time, more orders came in, letting her
• Strength
SSB Gourmet produced all the different flavors that are well-
balanced and made from high-quality ingredients. The fish they use for
the recipes are sourced from Cavite. Their salted eggs tuyo, on the other
makes it less salty than regular eggs and is a healthier option. The result
of her experiments has six flavors that are sure to catch the attention of
tuyo lovers: Salted eggs, Lemongrass, Basil, Chili garlic, Lemon, and
Turmeric.
• Weaknesses
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 18
one of the reasons why the customers will not buy the product. There
sources of raw dried fish and tuyo since the company has widely similar
• Market Shares
specific data or the company's portion of sales within the entire market in
which it operates.
• Product Shares
customers that offers a wide variety of flavors that catch the attention of
tuyo lovers.
Each of the said competitors also experienced failures inside their company
and to their products, they also experienced some problems and challenges to
their business. They also started small in the world of business but as time
passes by, they were able to cope up and was able to find ways on how they
After stating the competitors and their latest latest status on how they
handle thir business, we concluded that our business has still a long way to go
to be fully successful. We believe that each of the opportunities that will come
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 19
way, we should set these competitors on how they think and manage their
SWOT Analysis
To be able to help in analyzing the internal and external factors that can
make or break our success towards our marketing goal, SWOT analysis should
be applied.
Opportunity and Threats analysis which will provide you with a good foundation
for your strategy, business proposition, the position of your company, the
direction of your company, and even discover which ideas are worth pursuing.
weaknesses, opportunities, and threats that may likely occur throughout the
business operations:
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 20
Strength Weaknesses
• It is a very tasty and affordable • The production cost is very
food with a lot of health pricey especially when it
benefits. comes to the packaging.
• It is a preserved food that lasts • People who eat it might be
up to 6 months, the product fed-up with its’ taste after
can feed 4 to 5 people in one consecutive intakes.
serving. • Has only one branch
• Product can use as a
treatment.
• It is very eco-friendly and can
minimize waste produce.
Opportunity Threats
• The product can save a big • There exist other bottled foods
amount of money allotted on that might be a competition to
food. Mi Amore Gourmet Tuyo.
• Food is in demand especially • Product can be easily substituted
during this pandemic. by other well-known brands.
Interpretation:
Based from the indicated below, our strength lies in the fact that gourmet
tuyo as a lot of health benefits that can meet the need of the customers. The
product itself can last for 5 months and can feed up to 4 persons in just one
serving for affordable price of our delicious gourmet tuyo. Aside from that, it has
health benefits, gourmet tuyo promotes healthy living for the people since it can
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 21
also serve as a health treatment food that helps the custumers to prevent any
waste produce.
For the business’ weaknesses, the production cost is very pricey since
our company wants our customer to have a good impression when they see the
packaging of our product. With this, the sales of the product should be enoough
to retrieve the production cost of gourmet tuyo to our company. In the taste of
the product, people might be fed-up after consecutive intakes. With this, we
promote that our gourment tuyo can be use in many special ways like tuyo with
dish. For a fact that our business has one branch only since the business is just
starting, this might be our weakness from other brands that are well-known. But
nevertheless, we have plans to launch a big surprise involving our product. Our
company will make sure that we will give a memorable and positive impression
to the customerss not just in the packaging, but also to the consistency tase of
consume our product since they also have the opportunity to save a big amount
of money allotted to their food. In this time of pandemic, food is very esential
and in demand that’s why our gourmet tuyo is really perfect in this time. Since
food has high demand and loads of people wants a delicious food that is
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 22
affordable at the same time, the product can possibly expand if the growth of
The threat that will most likely confront us is the fact that we are
Manila and other entrepreneurs who are most likely going to launch similar
business and product. Our company is very aware that they will compete with
us in winning over the available market. Another threat that we could possibly
face the lack of resources over the time specially in the times of calamities
CHAPTER 3
Communication Strategy
Interpretation:
our brand, the Mi Amore Gourmet Tuyo is both in the middle of having a better-
quality product than the other brands and for a reasonably better price, too.
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 24
Among our product’s five strongest competitors, the one that has the highest
cost price and also selling price is the brand, Green Room. Its 200 grams bottle
filled with goods is worth 300 Php which is much expensive compared to other
brands. Though, it is worth note taking that Green Room uses its own secret
spice to separate their product from the competitors and went with the healthier
option of using Olive Oil instead of Corn Oil which is commonly used.
The next brand is the well-known, Gustavo Gourmet Tuyo. Its business
has been going strong for the past decade and a half located at Bicol Region
where most of the city’s Gourmet Tuyo supplier come from. Its 225 grams bottle
is being sold for 250 Php which is still expensive compared to the average
selling price. But because of the product’s different varieties like original, mild,
and spicy gourmet tuyo, combined with the healthier oil option, Olive Oil, no
wonder the Gustavo Gourmet Tuyo has been in the industry since the early
2000’s.
Compared to the first two competitors of our product, the last three
brands, Maynet’s, Elle’s, and Dish, have nothing really special that stands out
from the crowd. It is only worth noting that these brands have a satisfactory
production of Gourmet Tuyo that is why our product still needs to keep an eye
out on them. Maynet’s sell their 200 grams bottle for 200 Php which is still
above the average selling price but not surprising since its products are being
made in the Bicol Region. The Elle’s 220 grams bottle is worth 150 Php which
is the average selling price but offers nothing special except for their product’s
flavor variation which are the original and spicy one. Lastly, we have Dish’s 200
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 25
grams bottle of Classic and Original Gourmet Tuyo sold for 100 Php. Just like
the other two brands being mentioned before, this product uses corn oil which
is nothing really special and offers only two flavors which are the original and
spicy one.
Now, our business’s product, Mi Amore Gourmet Tuyo, offers all the
different aspects a customer could ever wish for. Our product may not be the
cheapest and has the best quality among our competitors, but the fact that our
performance, we are the perfect option for the customers. Our product may not
be the healthiest since we only use canola oil and not olive oil, ours are
definitely way healthier than most of the other brands that use corn oil. Our
product may not be the cheapest, but we are still under the usual average
selling price. Our product may not be the best and highest quality Gourmet
Tuyo of all, but we offer our own version with special flavor and ingredients that
is truly homemade which will definitely make our customers remember and
miss their home. Our product, the Mi Amore Gourmet Tuyo, is specially made
for our target customers that craves for something that is affordable and
reasonable while still eating a healthy fancy-like dish which will make them
Interpretation:
Tuyo and Green Room Gourmet Tuyo has a narrow variety but even though
they are the same in the variety positioning, they are different in natural
Gourmet Tuyo is more natural. Maynet’s Gourmet Tuyo products are made
from Bicol Region but doesn’t have any varieties and natural of the product,
While Greem Room Gourmet Tuyo uses its own secret spice and went with the
healthier option of using Olive Oil instead of Corn Oil which is commonly used
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 27
but it doesn’t have any varieties that’s why this was patronized by narrow
variety only.
Gourmet Tuyo and Elle’s Gourmet Tuyo has a wide variety and same variety
position. However, Dish Gourmet Tuyo and Elle’s are less natural while Mi
Amore and Gustano are more natural. The Dish and Elle’s offers nothing
special except for their product’s flavor variation which are the original and
spicy one. Mi Amore Gourmet tuyo uses Canola oil which is healthier and has
lots of health benefis than other competitors, while Gustano Gourmet Tuyo has
different varieties combined with the healthier oil which is Olive oil that’s why Mi
Positioning Statement
The business’ product position should be “Mi Amore Gourmet Tuyo will
The said positioning statement can be achieved if the goals set for the
business will be attained. The other factors such as promotion and production
Market Segment
various diseases because of its healthy ingredients. Gourmet Tuyo can also be
used in making tasty and fancy dishes that are at the top of the trend
nowadays. Dishes such as Creamy Tuyo Pesto, Spicy Tuyo Puttanesca, Spicy
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 28
Tuyo Pasta, and other dishes being served in restaurants with a pleasant
YOUNG ADULTS
nutrients.
seen by endorsers.
gourmet oil.
Interpretation:
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 29
Based on the table above, the young adults are our target market
because nowadays, young adults are focused on social media so they can see
our products posted on social media or posters that can be seen in the grocery.
price that is easy to eat and does not take much time to prepare.
• Tourist
• Household
• Children
• Families looking for good quality, affordable, home cooked meals to take
Product Strategy
bought for an affordable price.The said product also has its health benefits that
Our product consists of fresh tuyo, fresh vegetable (carrot, onion, garlic),
canola oil and chili. The available flavors are the following:
AVAILABLE FLAVORS
Original
Interpretation:
Our packaging is a simple 180 & 220 gram jar with the product name on
the front and a list of the ingredients placed on the back. The glass bottle can
Price Strategy
There are factors that we considered before settling on the price of our
product. These factors are the costs, customers, positioning, competitors, and
profits.
The price of tuyo and other ingredients such as vegetables and oil are
be financially informed before everything. We ensured to list all the costs that
opinions to our product because they are the ones who will avail/buy it.
middle. We also considered the competitors who will give us ideas how we
should do the pricing by knowing their price. And lastly, the profit is the one of
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 31
the most important factors to consider because this is one of the reasons why
Therefore, the 180 grams bottle (which is the whole tuyo) costs php139
and the 220 grams bottle (the tuyo flakes) costs php149 at any flavor. We used
the good quality tuyo and freshly harvested vegetables. These prices will
Promotion Strategy
Tuyo, does, we utilize the physical and digital marketing strategies as both of
them also apply to the world’s current era. We see lots of emerging types of
few clicks. Our business applies data analytics to marketing and sales to
discover new useful ways on how to promote through the social media
platforms. Our business continues to be more creative day by day and adjusts
physical and digital marketing strategies to gain more attention from the
picking a certain brand for the ingredients, we studied about the available
market within the city and discussed where we plan to position our business.
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 32
ways to attract our customers per time and for our product to cope up with our
competitors.
develop marketing strattegies that can help in achieving our goals for this
business.
Mi Amore Gourmet Tuyo will adopt the strategies listed below containing
• Communication Objectives
o Above-the-Line Strategies
discussed that it is the great time to publicize and introduce the brand
to the industry.
Gourmet Tuyo:
o Print and give out fliers which include information about the
product.
photos, etc.
o Below-the-Line Strategies
Since the business has only started after a while, it is our main
direct manner.
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 34
CHAPTER 4
Interpretation:
Based on the given table, the key result of the KRA of what can you do
to improve your business and the KPI is connected to KRA. The first key result
area is to improve the taste of product with the improve the number of sales
and the growth sales and customer satisfaction scores. Its target to have a 20
sale and the 10 percent increase in number of customers served per day by
mid-year.
The second key result area is to improve the packaging with it having an
improve the customer expectation of the product, brand recognition and the
number of sales or growth sales. The target in this area is having a 10 percent
product. With the improve the number of sales or growth sales and the brand
The fourth key result of area is improving the service quality. Its key
reach for the product. Having an improved brand recognition, number of stores
and number of product availability within the availability store. The target should
have a 10 new number of stores opened and entered after 10 years and 10
Under the metrics and targets, revenues earned, sales growth and other
Interpretation:
The quantity of bottled gourmet tuyo (flavor) to be sold per day will be
20 pieces. Each whole gourmet tuyo will be sold for Php139.00. The profit cost
for each item will be Php56.00. So, the total profit sales of 60 pieces will be
Interpretation:
The quantity of bottled gourmet tuyo (flavor) in flakes to be sold per day
will be 10 pieces. Each gourmet tuyo flakes will be sold for Php149.00. The
profit cost for each item will be Php 49.00. So, the total profit sales of 30 pieces
TOTAL 12,810
For the 180g Bottle, we have a total of P8,340.00 while the 220g Bottle
has a total of Php 4,470.00 for a total of P12,810.00 sold pieces per day.
Product Cost:
Electricity (1,000/month) = 33
Water (500/month) = 17
Interpretation:
Based on the given computation above, the rental fee for the location is
Php 333.00 per day. Having 2 staffs working and operating has a labor of Php
1,000. The product cost for 180g bottle has a total of Php 4,980.00 while the
220g bottle has Php 3,000.00. Electricity fee will be Php 33.00 a day while the
Water fee will be P17.00 per day for a total of Php 9,363.00 which serves as
Interpretation:
For the total sales, the Mi Amore Gourmet Tuyo will gain a total of
Php3,417,495 Lastly, the total sales projections for the Mi Amore Gourmet
year.
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 41
References:
https://psa.gov.ph/statistics/survey/labor-and-employment/labor-force-
survey/title/Employment%20Situation%20in%20March%202021?fbclid=IwAR1
a5e7fjwlvhR1h-gUCfNEVxxpSWN4IYa0h_Azk_LxxfqVO4DFC78dAbSI
Jesnoewski, A., Metzeling, M., Brescia, P., Pollock, T., Day, A., &
Williams, B. (2021, May 20). Five factors to consider when pricing products or
advice/five-factors-to-consider-when-pricing-products-or-services/.
Mnl, E. (2019, November 23). The Best Gourmet Tuyo Brands You Can
you-can-buy/.
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