BUSINESS REPORT

Reported by:
Cruz, Ma. Jessica
Flores, Angel Mae C.
Guansing, Angelica J.
Renacido, Patricia Joyce T.
Sta. Ana, Jane Anne
MTh 7:30-10:30
Reported to:
(Mrs.) Francisco, Economics Professor

The WaCo WaCo: Wafer Chocolate Balls

Let your sweetness bloom

The Three Market Questions

What to produce?
WaCo-WaCo Bites. A unique kind of pastry that will fulfil your cravings for a luscious
chocolate, a crispy wafer, and soft mamon combined in one to remove the hunger in you.

For whom to produce?

Our WaCo-Waco Bites will benefit everyone for it is convenient to all. At first, our
product only focused on the students of Baliuag University. But as our product reached the eyes
of couples and people outside the campus who seem to be interested, we decided to elongate the
range of our target market. Our target market now are the people around Bulacan that need a
unique yet affordable bouquet to give to their loved ones on/even not on Valentines Day.

How to produce?
To make our scrumptious WaCo-WaCo Bites, the following ingredients are needed:
-

Mamons
Wafers (cubed)
All-Purpose Cream
Premium Chocolate
Milk Chocolate
Sprinkles

Procedure:
1. Crash the mamon into tiny pieces.

For packaging:
- Candy Sticks
- Clear Plastic Cellophane
- Ribbons

2. Cut the wafers into tiny cubes.

3. Pour the all-purpose cream to the crashed mammon.

4. Shape the creamed mamon in a ball with the cubed wafers inside it.

5. Coat the ball-shaped wafer mamon with melted chocolate.

6. To add some designs, roll it over to sprinkles or any kind of small candies.
7. For packaging, put a stick in it and wrap it on a clear plastic cellophane and tie some
ribbon in it.

The WaCo-WaCo Bouquet

Advertisement Script and Flow
WaCo-WaCo

Let My Sweetness Bloom

*Scene 1
(Friend handing over flowers)
Friend: Uy Gel, may nagpapabigay.
Gel: Bulaklak? Ay ayoko nyan. Sayo nalang.
(There is a guy standing from afar watching them, smiling.)
*Scene 2
(Friend handing over chocolates)
Friend: Gel, eto nalang daw. Chocolates.
Gel: Ay ayoko din yan. Sayo nalang.
(Guy from afar, laughing.)
*Scene 4
(Gril wrote on a tissue paper.)
(Girl left)
(Guy read whats on the tissue paper)
Gusto ko ng bulaklak, pero ayoko.
Gusto ko ng chocolates, pero ayoko.
Pero gusto ko sila pareho.
(Guy smiles.)
*Scene 5
(Girl doing something)
(Guy walking leading to her.)
(Hands over the choco bouquet.)
Guy: Roses are red;
Ferreros are gold;
But I dont have money;
So here is WaCo-Waco;
A chocolate bouquet for you.
Theme Song: Candy Store by Faber Drive

List of Expenses
Direct Materials
Monde Mamon
Chocolate
Kiddie Wafer
Nestle All-Purpose Cream
Sprinkles
Total

Units
6pcs
1 bar
2 pcks
250 ml
1 pack

Price
PHP 61.50
110.00
36.00
45.00
30.00
PHP 282.50

Packaging
Plastic cellophane
Stick
Ribbon
Abaka Mat
Papel de Hapon

Units
2 pcs
1 pack
8 yards
1 set
2 sheets

Price
PHP 18.00
10.00
30.00
36.00
8.00

Alambre
Total

3 sets

21.00
PHP 123.00

Costs
PHP 282.50
123.00
PHP 405.00

Direct Materials
Packaging
TOTAL COSTS

*Since other materials can still be used on making other WaCo-WaCos. It just needs PHP 213.00
to produce 15 pcs.
Total Cost
= Php 213.00
Units Produced = 15 pcs

= PHP 14.20/pc

+ 111% Mark-Up

DAY 1: List of Expenses & Income Statement

= PHP 30.00/pc

*Since other materials can still be used on making other WaCo-WaCos. It just needs PHP 639.00
to produce 45 units.

Aphrodites Waco Waco Mftg.

INCOME STATEMENT
For the month ended February 28, 2015

Day 1
Sales (Php 30.00 x 45 units)

Php 1,350.00

Actual Expense

639.00

Total Income

Php 711.00
Day 2

Sales (Php 30.00 x 60 units)

Php 1,800.00

Actual Expense

852.00

Total Income

Php 948.00
Day 3

Sales

Php 3,600.00

Actual Expense

1,704.00

Total Income

Php 1,896.00
Day 4

Sales (Php 30.00 x 80 units)

Php 2,400.00

Actual Expense

1,136.00

Total Income

Php 1,264.00
Day 5

Sales (Php 30.00 x 120 units)

Actual Expense

Php 3,600.00
1,704.00

Total Income

Php 1,896.00

Accumulated Net Income

Day 1

PHP 711.00

Day 2

948.00

Day 3

1,896.00

Day 4

1,264.00

Day 5

1,896.00

Total Net Income

PHP 5,767.00

Allocation of Income
Total Net Income

Php 5,767.00

Number of members
Income received/each

5
PHP 1,153.40

Each of us received Php 1,153.40 of profit from our Php 1,207.00/each contribution. We had a
111% return of our investment.

The Survey Sheet

Good day! We would like to ask for some of your opinions about our product, the Waco Waco:
Wafer Chocolate Balls. We assure you that the data that we will gather will all be used for the
improvement and innovation of our product. This is a requirement for our Economics 101. Thank
you!
-The Entrepreneurs

1. Is it affordable?
Yes

No

2. Are you satisfied with the taste of Waco-Waco?

Yes

No

3. Do you find it innovative and different from other chocolate?

Yes

No

4. Is it an eye candy?
Yes

No

5. Do you have any suggestions to improve the Waco-Waco balls?

________________________________________________________________________
________________________________________________________________________
_______________________________________________.

The Market Analysis

Chart
Is it Title
affordable?

33%

YES
67%

NO

67% of the respondents said that WaCo-WaCo is affordable. It means that they love and
are hooked by the sweetness, fluffiness, and crispiness of our product. On the other hand, out of
15 persons we surveyed, 33% of them are not satisfied and are asking for some add-ons.

Are you satisfied with the taste?

YES
NO
100%

100% of the respondents were satisfied by the taste of our product. They did like the taste and
opted to buy some more.

Do you find it innovative and different from others?

13%
YES
NO
87%

Respondents said that our product is very innovative and different from others because of
its ingredients that they never thought could possibly combine. 87% of them agreed while the
remaining 13% said the opposite.

Is it an eye candy?

YES
NO
100%

All of the respondents loved our innovative way we present or product. It is a bouquet
style chocolate wrapped in papel de hapon and some ribbons to make it classy. It is surely an
alternative for those who wanted to give a bouquet of flower and chocolates at the same time.

Do you have any suggestions to improve the Waco-Waco balls?

Babaan ang price.
Patigasin pa ng konti yung wafer mammon kasi pag kinagat, nadudurog.

Wag masyado malaki yung chocolate balls kasi madaling malaglag at para di madaling
madurog.
Maglagay pa ng ibang flavours.
Wala. Masarap sobra. Kakaiba kasi yung lasa.
Ang galing. Di ko naisip na pwedeng paghaluhaluin yung mammon, chocolate, saka wafer tas
ganun kakalabasan.
Worth it ang 30 pesos ko.
Gagawin ko to pag holidays.
The best ang presentation. Sosyal!

Our Experience
In a business, may it be a small or a big one, it is expected that there will be things that
will not work out. There are also the times that there has to be moments when we need to take a
risk and try something new so that in the end, everything will be successful.

It is not our first time to try making products and selling it. During high school, we
already encountered doing these things. But there is a big difference on what we experienced
then and now. It was hard, of course, to find the ingredients that we will need. We have to find a
cheaper ingredient that also has the quality that we will use so that the price of our product will
be affordable. We tried different stores and groceries for the sake of finding those that we will
need.
After finding the materials we will make use of, we first have to observe and know the
market we are targeting. Since it is the season of love when we are said to sell, we have to
advertise to lovers in and out of campus. We made sure to have created something for lovers and
to those who are single so that theyll be interested to buy.
On the making process, we also experienced having trouble with producing the perfect product.
There are times when we didnt do the right procedure and we didnt get the taste that we want,
times when we ourselves, are having a problem with each others opinions, the times when we
have to argue and end up devastated.
We too had a very hard time selling our products. One minute well sell too many but a
minute later we have to find new customers. We have to downsize the stock that we have.
In the end, it was a worthwhile experience for us. From this whole marketing project, we
practiced about different skills that we can use in the future when we start making business. We
also learned many things especially about planning and organizing. We realized numerous things
about doing business. And that hard work and time is really needed for a successful business.