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Socio-Economic Aspect
Introduction
The success of a business is not only measured by its profitability but also by how their
economic activities affect the society. This feasibility study aims to shape its future in unison
with the community, discusses in sufficient detail the responsibilities and relationship of the
The following are the social and economic benefits that Bookworms Caf Ground strives
to deliver:
A. Consumers
The company strives both to obtain new customers and to preserve existing clients. With
this principle, the company takes into consideration the following concerns:
The company shall assure that the product the customers will purchase is of
2. Product Safety
The company will make sure that the product will not, in any way, inflict harm to
the consumers.
3. Product Development
The company, though will provide the maximum quality of its product, shall not
stop in trying to improve or develop its product in order to keep pace with customers
The company shall price its product reasonably, based on justifiable input
considerations. It shall not engage in hoarding and other price manipulating practices, in
5. Products Complaints
The company shall take into consideration consumers opinions, suggestions and
complaints, to fully understand the need and demand of consumers. It shall, therefore,
provide contact information such as telephone numbers, emails, and address through
B. Employees
The members of the organization are the greatest strength of a business. Employing the
right personnel to do the necessary jobs is one of the key to a prolific operation. Bookworms
Caf Ground, therefore, values its employees by going over the following considerations:
1. Recruitment Process
The company shall only base its hiring practices and policies to rational
qualification criteria and shall not consider national origin, race, skin color or gender
In agreement to the Labor Code of the Philippines (P.D. NO.422), the employees
from compensation, SSS premium and loans (employees share), HDMF premium
(employees share), Phil. health premium, thirteenth month pay, sick leave, night shift
differential, overtime pay, right to service incentive, right to holiday pay, maternity leave,
3. Working Conditions
The company shall ensure an ideal working environment for its employees. It will
ascertain clean surroundings, adequate lighting, space and ventilation so as to prevent any
harm or illness to happen to the employees. It will also store some medications or first aid
kit, in case the employees suffer any harm or illness. Employees shall also have an access
4. Job Security
The company values its employees for it has invested time, effort and resources to
train and cultivate skills that will be necessary for the job. The company also believes that
the experience developed during their service is irreplaceable. With this in mind, the
employees may rest assured that the company will do its best to show its appreciation for
5. Employer-Employee Relationship
employer and employees. In this situation, decisions are not only a product of the
Freedom of Association and Right to Collective Bargaining the company shall not
restrict its employees the right to form unions and shall not discriminate those who take
Disciplinary practices the company shall not exercise corporal punishment, physical
C. Community
1. Environment
The need for environmental protection forms an integral part of Cater Links
business philosophy. The fact that our activities, or those of our employees, may have an effect
a. Production:
To carry out our service using environmentally friendly materials and
equipment, which are energy efficient and produce minimal harmful waste
requirements as established by the government will be duly accomplished. The business can be
expected to fulfill its economic goals within the statutory requirements and legal frameworks.
SUMMARY
The socio-economic aspect of the entity has shown a positive impact on the customers,
Furthermore, based on the social and economic benefits of the proposed business, as well
as the absence of social protest against the type of dealing, it could be concluded that the