Chapter 4 Socio Economic Feasibility

This aspect of the study tackles the contribution of the business to the Philippines economy, contribution on generating employment and social desirability of the business with the governments trust towards sustainable growth and development. Some organizations look upon this as alternative supporting mechanisms for providing solutions to poverty alleviation and socio-economic growth and development.

Socio Economic Chart

Employment The enterprise Alter Shoes will give the unemployed people in the variety of Calamba, the opportunity to work. They will be compensated fairly for the services they will render. The enterprise will also give other benefits to the employee such as SSS, PHILHEALTH and PAG IBIG, so that they will no longer worry on how will they be able to sustain their daily living.

Income Generation In terms of income, the employees of Alter Shoes will be benefited. The enterprise will help them by giving a good compensation. The result is improved standard of living.

Local Taxes By the moment Alter Shoes established, its taxes will be the one of the sources of the local government revenues. These taxes will be used for the development of the community and the country.

Supply of Commodity Alter shoes will provide services that will offer different kinds of grocery goods and products that will answer the needs of its target market. The enterprise will also find ways on how to continuously improve the services they offer. Demand of Materials Alter Shoes needs supplies for the business. Therefore, the manufacturers of grocery would benefit because of increase in demand. Locally produced products will be utilized.

Environment Alter Shoes will reuse or recycle paper and plastic bags, and boxes. Using these bags and boxes are better for the environment than plastics and papers. With this the enterprise will help in conserving our environment. Alter Shoes will also ensure that the delivery equipment is not a smoke-belching vehicle. Employment Nowadays, Philippines are suffering from financial crisis that has a direct effect to the employment. Alter Shoes will hire employees to lessen the unemployed TESDA graduates residing in Calamba, Laguna where the business is located. These employees will be granted benefits such as SSS, Phil health and PAG-IBIG that is accordance to the labor code.

Income generation Alter shoes income has the capacity to increase as its price increases on the coming years. This increase in price and income tends to increase the payable concerning taxes.

Local and Foreign taxes Alter Shoes increase in income tends to increase the income tax payable. Though this, the government will and the municipality of Calamba, Laguna will benefit.