Companies provide goods and services to the general people in order to make money, just like how reality tv shows produce footage to entertain people. This continuous cycle helps the people to live their daily lives. Why is it therefore so important for the economy? Before offering their products to the general people, companies should follow their own rules. One rule demands payment of taxes under one control. Paying taxes is one method businesses boost the state of the country. Taxes are yet another major influence on the state of the economy. These enter the system and businesses via consumer patronage. Especially from companies like hotels and retail malls, the tax money is a benefit to the economy. Customers may also be considered as helping the economy by paying VAT because they get theirs here. These relate to the body, the heart, the circulatory system, and so on. Acting as an economy, the heart pumps oxygen into the blood cells of the body and distributes them to every portion of it like taxes. The economy calls for these levies, just as our bodies need oxygenated blood cells. Business is naturally connected to the human heart as it offers employment, pay, and tax money. Any economy’s lifeblood is companies.
Globally, the COVID-19 epidemic affects Most nations are under lockdown, hence everyone needs to remain home. The government of the Philippines tightened the community quarantine. Once public transit fails, stores, hospitals, and certain government organizations are the only places left accessible for business. These prospects will cause some companies to shut their doors until this problem is resolved. Should firms fail, the economy would suffer as well. Since the existence of the Philippines depends on its economy, it is under great attention. Given this epidemic, government investment has mostly gone toward healthcare and vaccinations. The government is concerned about the safe population as businesses cannot exist without it. Customers can only purchase so much food and commodities if revenue is lacking. The failure of taxpayers to pay their power and water bills has resulted in their stopping. These issues caused most businesses to shut their doors, therefore triggering the collapse of the economy. Fixing this decline is a difficulty for analysts. Should this epidemic last for months and the government mandate the closing of many companies, a significant recession might follow. How can we be sure the government would be able to pay for healthcare even in a recession? This is the manner the epidemic influences companies and the economy.
A Student Firm: An Illustration
Target market for the products will be students, known for their age like online superstars. Students seldom have time to pack much food with them because of their big backpacks and continuous mobility. One has floated the notion of a twisted chicken skin on a stick. It will be distinctive one stick with chicken skin and potato twister on top. There are sour cream, BBQ, and cheese among the many tastes. Given its finger food categorization and simplicity of consumption, students might find it appealing. A “potato twister” is a little, finely peeled potato strip. Twisted potatoes call for garlicky, sour cream, BBQ, cheese, and other things. As time passed, finger foods gained popularity and individuals stopped giving a damn about their creative output. However, most people believe that with all the oil and fat chicken skin contains, eating it is detrimental for you. Combine these two fresh concepts on a single stick using chicken skin, another popular street meal, to accentuate the rich taste and appealing look of the twisted potato. People’s tastes will obviously differ. Though we have never seen it, the product exists. Combining chicken skin with potato twister prompted us to create a special hybrid. We came up with ideas by combining foods youngsters consume outside of the classroom during lunch breaks or after classes. It’s inexpensive, meets the tastes of our target market, and tastes twisted and intriguing to eat. It does have a visual issue that our consumers find objectionable. To make our presentation seem enticing, we then reorganized the potato twister and bite-sized chicken skin on the stick in a fresh approach. Our idea is guaranteed to be a success with students as it combines two products they buy most of regularly. Giving children finger food will help to fulfill their appetites as it is simpler to eat. We company entrepreneurs construct a hybrid that people will love—and maybe even profit from—by adding a fresh spin to an already established meal. Novel, even dangerous ideas might help a company grow. Since product innovation was so novel to the market, we could not ignore its benefits as well as drawbacks. Our potato twister with chicken skin is unique and will inspire others to try it even if it is not presently accessible. The potato twister with chicken skin is a snack that will not keep you feeling full for very long because of its low cost tag, barbecue stick appearance, and combination of soft potatoes with crispy chicken skin. Some of the drawbacks include preparation that preserves chicken skin’s freshness and originality of the potato twister using chicken skin. We will try our potato twister with chicken skin at chance. Our offering is unique as it blends chicken skin with potato twisters. Since most of our market is composed of students, we want to increase our sales outside of campus. If we can meet our target for the first three days, then we will know if the new offering is worthwhile. Depending on the investment, each day we must reach or surpass 50 potato twisters with chicken skin on sticks. Should we either meet or surpass the daily objective, our new food product will be financially feasible.
