Professional Documents
Culture Documents
Republic of The Philippines
Republic of The Philippines
Department of Education
Region III
Division of San Jose Del Monte
GRACEVILLE NATIONAL HIGH SCHOOL
City of San Jose Del Monte, Bulacan
A Researcher Submitted to
the Faculty of Senior High School
Department of Graceville National High School
Submitted by:
Brillantes, Jonalyn M.
Buendia, Khaurine Rynoah G.
Dominguez, Marinella B.
Ramirez, Keyce T.
Tutana, Shane Camille M.
Introduction
Coronavirus disease (COVID-19) is highly contagious pathogenic viral infection initiated
from Wuhan seafood wholesale market of China on December 2019 and spread rapidly
around the whole world due to onward transmission i. It is making giant disturbance to
life and livelihoods as well as social and economic systems in the world. This virus has
triggered economic recession, closed many companies and caused rapid rises in
unemployment in many countries. The impact of Covid-19 on local and small
businesses around the world is likely to be severe. ii
Retail stores, generally known as “sari-sari” stores have succeeded in the Philippines.
These retail enterprises are typically small, home-based, and usually run by “Nanays” or
mothers who do not take part in the realities of the formal sector and are plainly doing
domestic responsibilities (Munoz, Raven, & Welsh 2005). “Sari-sari” stores offer cheap
prices, flexible credit terms, selling wide range of basic consumer goods and are
commonly located in the streets and even corners iii.
Although the effects of COVID-19 on the economy showed up quickly in the stock
market, the effects on small business are not well known because of the lack of timely
business-level data released by the government.
Literature Review
These are the answer that the researcher’s gather form different store owner’s here in
our community.
1st Participant
Loss in sales
We still continue to operate despite of the hardship we encounter during the
pandemic.
We almost declare bankruptcy since people is forbidden to go outside.
2nd Participant
Our sales went down spiral, no customer’s means no income.
Patience in the midst of the pandemic.
We went bankrupt
3rd Participant
We lost our capital.
We stop operation.
We need to stop our operation and decide to close the store.
4th Participant
No one is buying anymore.
We waited for the financial aid coming from the government.
We went to bankruptcy at first but were able to redeem after the quarantine.
Theoretical Framework
This study is viewed in the perspective of the Resource-BasedView (RBV)theory by
Werner felt (1984). The theory asserts that tangible and intangible resources are the
key for the excellent performance of the enterprise. This theory further suggests that it is
more practical to utilize internal opportunities rather than acquiring
new skillsfrom outside opportunities. Applying RBV theory in the micro-enterprise conte
xt, itstresses that long-term survival and existence is basically dependent on the
business’s unique product offerings. Sufficient time is necessary to develop this
uniqueness through nurturing the core competency of the firm. Too often, it has been
widely accepted that micro businesses are repeatedly faced with inadequate resources
and this compels them to continue doing business under financial and capability
constrains. In addition, the issue on insufficient resources can force the enterprise to
concentrate on short-term instead on long-term objectives, and prevent them to explore
the lucrative opportunities in their economic environment.