NAME: Jonaysa Aragasi Section: BA3MA

PERFORMANCE TASK Q1- 1.1.1

BUSINESS SETTING-FORM OF ORGANIZATION

A)
 COMPANY NAME: SIOMAI KING
 LOCATION: IMUS
 FORM OF ORGANIZATION: FRANCHISING

B)
 TYPE OF BUSINESS: SOLE PROPRIETORSHIP

C)
 INITIAL CAPITAL: 250,000
 REQUIREMENTS: Business Permits, Barangay Clearance, DTI, Mayor’s Permit, BIR
 GOOD/SERVICES BEING SOLD: Shanghai, Hongkong, Japanese and Chicken Siomai

D)
 REASON PUTTING UP THE BUSINESS: To have profit and provide work for others.

E)
 MAJOR COSTUMER: Most likely at early to middle age (16-50 years old) whether he/she has or
hasn’t tried Siomai products yet.
 COMPETITORS: Master Siomai, Siomai House and Henlin.

F)
 CURRENT PROBLEM CONFRONTING THE BUSINESS: Since large market brings competition, it
became too saturated that customers have to choose, try and recognize quality Siomai brand
before he/she patronizes it. The promotion will play the most important role of all, for
it will make our products recognized and perceived by the customers. Promotions can cost a lot
of expenditures in order to bring great retention into their minds.