Chapter 1
Chapter 1
Chapter 1
SY. 2020-2021
MATHEMATICS (STEM)
Practical Research 1
Cunanan, Angela M.
Researcher
April 202
CHAPTER I
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic
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INTRODUCTION
discharge of nose when sneezes in close contact of the people. This provisionally
called 2019 novel coronavirus, was first identified in Wuhan, China, in persons
causes several diseases (Stanley Perlman, 2020)." The virus has spread worldwide
markets in the Philippines and businesses are most affected by the virus. They are
drove to find solutions to overcome the implications of the pandemic to survive it.
However, the existing business plans may not be enough to gain higher sales.
fewer sales. They have lost their existing customers which is very unsatisfactory.
Given this situation, it can negatively affect not just the businesses but also their
potential employees. Most companies are forced to terminate their employees because
of lesser sales. Also, there were not enough opportunities within the Philippines
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If it is left ignored, as Nuno Fernandes stated (2020), this problem will also
create a pessimistic effect on the economy through a recession because large numbers
of businesses are most likely to fall out. Additionally, more jobs will be at risk.
Therefore, this will negatively affect the citizens of the country, for they will lose their
source of income. The impacts of coronavirus on businesses will not only affect their
In fact, in the study of Price Waterhouse Coopers and Lybrand, people cannot
also cope up with their bills or financial responsibilities because there were
insufficient businesses to sustain them. If this will be added to the case, then their
Thus, the main goal of the study is to address the impacts of coronavirus on
researcher aims to evaluate how to respond to this business setting for the sake of the
country. Besides, surpassing this challenge is a big help by benefitting everyone. The
researcher aims to seek ways to alleviate the problem caused by the virus for the re-
opening of small and big businesses. Since it is reported that the Gross Domestic
Product of the country is falling, brought by the series of lockdowns and quarantines
imposed by the government, it has lead to dramatic changes in how businesses should
behave. Studying the given problem will discover new doors for great opportunities
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deserve by each one. Hence, the researcher may want everyone to work together to
This section includes journals, books, or literature that served as the basis in
defining the variables of this study. This helped the researchers to clearly understand
As stated by (Ang, 2020), the virus has made a huge impact in stopping the
possible growth of the country. It forced businesses to stop running like they cannot go
on with the change brought by it. They were struggling to cope up with the financial
strain added by mounting pressures on it. The results suggest that the pandemic had
already caused massive dislocation among small and big businesses just several
months after its onset. In the Philippines, most of the businesses had temporarily
closed, and nearly all of these closures were due to the outbreak of the virus.
Businesses must turn massive challenges into meaningful change for their
innovation. Since this virus will show no mercy to anyone, navigating the financial
and operational challenges of it will help know the things that must be done. When the
lockdown strikes, Asian Development Bank has conducted a survey identifying the
impacts of the virus on the business community. The report provides a rich set of
initial facts to support the revival of the Philippine enterprises hurt by the virus. Small
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The pandemic touched nearly all industries especially the Philippines, which is
now at its weakest point. Overall businesses' stability has been drastically impacted as
half of them reported that they need extensions to pay for their rentals. Businesses that
belong in different industries are striving hard to stand up again amidst the dilemma
brought by the virus. They are hoping that after all the challenges, they will rise again
The latest work by (Michael Boyle, 2020) reveals that there is a significant
decline in the economic activity across the economy of the country lasting for months.
It was caused by most businesses who were threatened by the virus. The economy is
experiencing economic shock affecting the status of the country as it is reported that
the Gross Domestic Product has dropped by 2.2% in the last quarter. It is because
businesses were started to processed fewer sales which have stopped the economic
The Asian Development Bank has so far provided about a billion in loans and
grants to support existing businesses. They can use these to continue operating so that,
the economy will not suffer more. You may be only seen businesses as profitable
organizations to produce money yet, they are also assets for the good performance of
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic
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the economy. Also, the pandemic had clear consequences to the economy as the crisis
has been acutely felting the Filipinos. With the vulnerability of businesses, the country
become active again. The case is just that, it includes a slower than expected recovery
in the Philippines. Businesses must be considered working not until the country will
assure its stability in this field. The effects of coronavirus on businesses have a longer
tail compared to some areas. It only shows that businesses are important in the field of
success.
The latest study by (Herrfeldt, 2020) reveals that businesses' bankruptcy due to
the pandemic may lead to the termination of the employees. Since the virus is
spreading very quickly, people tend to not go outside and just stay in their homes to
secure their safeties. Because of that case, businesses have lost their customers, the
reason why they have been gaining nothing from the past months. Others started
thinking of alternative ways to continue their production because they believed that
they can still make it. Although, in the middle of their trial, is the evolution of the
laborers that is why businesses will experience hardships more than expected. The
impact of coronavirus on their productivity is never been easy. They were losing some
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investments at the same time as losing their employees because of insufficient salary
to pay them. Because of the said situation, businesses will most likely to fall-out and
will have nothing left. However, they must respond positively to this situation.
coronavirus while identifying the needs of their people and customers. They need to
remember that there is always a journey for them to recover and continue. The
pandemic may have impacted them and shoot them to their vulnerable point yet, they
must turn disadvantages into advantages. With the pandemic continuing the peak in
some markets and most businesses, strengthening their faith will be their only hope for
This topic will help people to expand their knowledge to raise awareness for
the possible things that might come. You will be able to understand why businesses
should keep on working and functioning surely because of their capability to help
people together with their country. All the knowledge that can gain can be shared with
the citizens to use for strengthening what must be to increase the resources and stock
to generate more sales and profits. You will find yourself developing your abilities for
the betterment of the economy through implying businesses to grow up into the next
level.
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The researcher is worried about the sufferings that may encounter even more
than this. Besides, a simple implication might lead to lots of opportunities lost. The
researcher intends to show how the downfall of the businesses may cause
normal, it will take time. These trials are for the future benefit of everyone. Since
businesses were born to serve the people, it will be a good idea to push them to be
bolder amidst the pandemic as they are trying to cope up with it.
The purpose of this study does not only focus on identifying the disadvantages
of the current situation to the businesses within the Philippines. It also contributes to
certain industries in the business field addressing the needs for the new normal. The
the pandemic. Since people are all aware of the huge contribution of businesses in
different fields, this study will expand their knowledge, boost their strength, and test
Theoretical Framework
Peter Drucker (2010-2011) the root cause of businesses problem, where it causes the
business crisis is not about the things that are being done poorly. It is not all about
doing inappropriate things but indeed, the right things are somehow done regressively
especially, in times of struggles. Most of the organizations have the same problem.
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readiness to their environment. Instead, they find it more difficult during the current
situation. This is the business, according to Aaash Pahwa (2021), which either
occupation or trade that involves providing goods or services activities in exchange for
generating profits. Its objective is to make itself go on and conduct its activities in a
long run amidst the situations. It is the main reason why do businesses exist. A
successful business must continue to strive for the best and prepares itself for the
situation like the pandemic. In a study done by Fraser Sherman (2020), it was found
that successful businesses should keep their doors open for the possibilities of
tomorrow. No matter what your definition of success is, you need to make a plan to
business where he stated that new major management was discovered before as they
keep on discovering things today. Every technique they developed is a powerful tool
for a business to keep itself standing. Yet, there are some things that they cannot do or
they should not know what to and how to deal with it. Most companies that have
enjoyed long-term success were suffering when calamities attack. A company may
only be a superstar yesterday but when difficulties were encountered, it finds itself
confined to some countries. Businesses were built but when the time comes, they can
no longer run to fit the reality of possibilities. Businesses must develop their values,
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic
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strengths, and weaknesses so that they can be prepared when calamities come without
even worrying about their sales. According to Siemens (1870) the first CEO of
Deutsche Bank, every organization must know the theory of business. A valid theory
industrial development, you must have the theory of business as your guide. Having a
complete theory is important because it will make you one of the multinational
business owners. In a study done by Mitsubishi (1870) which explains clearly the
theory of business, she explains that both successful companies have faced challenges.
What underlies the current situation of many businesses and large organizations must
a worked theory. If they want to keep on continuing their business growth, they must
Questions:
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Why do you think businesses have processed fewer sales these months over the past
years?
What are the possible ways to overcome business bankruptcy during the pandemic?
The study will cover the determination of the disadvantages of the coronavirus
to the businesses within the Philippines during the pandemic. The primary subjects of
this research study will consist of the entrepreneurs who own a business either big or
small, from the establishment date up until 2021. After all, the research study is all
about their businesses. The respondents will be limited to ten (10) business owners
who are in the business industry of Sta. Ana, Pampanga in the Philippines.
business experiences in the past years over this year. As a starting point, the
respondents must familiarity relate with the topic to answer the given questions. On
the other hand, stating their struggles because of the pandemic will make the research
study concise. They are the real key to successful research findings by analyzing their
statements.
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Definition of Terms
The following terms are defined conceptually and operationally for better
comprehension.
Economy - It is the wealth and resources of the country in terms of the production of
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CHAPTER II
METHODOLOGY
Research Design
the study of the lived experiences of the people about the disadvantages of the
Participants
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic
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Participants are essential in conducting your research because they are the ones
from who you can get enough pieces of information. They were the human subject
with whom the researcher can collect data for the study to prove a thing and a point.
corresponding to the main objective of the study. They have rich experiences about
In this study, the main participants are ten (10) people who owned a business
in the Philippines, who were affected by the virus. Their businesses are either big or
Instrument
instrument or guide in conducting the interview. The questions are extracted from the
"Statement of the Problem" of this study, and the Questionnaire is composed of five
(5) questions that are related to the specific and general problem. Its purpose is to get
insights that support the problem of the study to develop concrete solutions.
Data Collection
In collecting the data and information needed, the researcher gathered data
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used questionnaires as a guide in conducting it. The researcher let the participants
answer based on their emotions and own decisions about the questions.
the Philippines somehow affect the growth of the economy. It ought to fact-finding
enough information so that, the study will fall good into places. Collecting data is a
big help to support your study and proves the importance of what you are conducting.
Also, data collection makes the research study possible. It is by helping the researcher
Data Analysis
The researcher analyzed the data collected because some of the questions were
open-ended. It means that the participants have given their opinion freely. They do not
need to choose within the choices because they only need to express their thoughts and
ideas. Through the information provided by the participants, the researcher was able to
With that, their opinions can be easily compared and contrasted with the
answers of other respondents. The data given by the interviewees are much helpful in
conducting your research study. It measures its capacity and effectiveness to continue
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic
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CHAPTER III
Do you think businesses are essential to our country for the economy to continue its
Participant 1 Yes, because they provide foods, things and services that are
Participant 2 Absolutely yes, because our country runs and grows through
these businesses.
Participant 3 Yes, businesses are essential to our country, because of the tax
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic
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Participant 4 Yes, because the income tax can help the society to improve
Participant 6 Yes, because without businesses, our economy will not have
Participant 7 Yes, because businesses are the ones who provide goods and
who provide job opportunities for people who will be the ones
Filipino workers.
Participant 9 Yes, because our country needs taxes coming from businesses
Participant 10 Yes, because they are the main reason to survive whatever
calamities and crises the world or our country rather may face
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic
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The first table reveals that the majority of the respondents stated that
businesses are essential to the country. It is because they provide taxes for the
economy to grow. They also bring forth lots of jobs for the people who can produce
products within each business. It only shows that businesses are the main reason why
As a business owner, how has the Coronavirus affected the growth and sales of your
business?
died at the same time some people who died are covid
positive.
Participant 4 Because of lockdown, the supplies were cut off and the
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic
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demand decreased.
Participant 6 For me, due to the pandemic, our sales did not go down
Observing the second table, it let out that coronavirus affects the business
growth of the participants. Since the pandemic attacked, they started to process fewer
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic
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sales and, most of them stated that it is because of their customers who lacked money.
People did not often purchase products and to add, the supplies were delayed because
of the quarantine. Business owners were left with no choice especially, those who
produced products that are less needed during the trying times. Nevertheless, 20% of
them answered that they have coped up with it since they provide products and
Why do you think it is necessary to evaluate your business at all times? Explain
your answer.
citizen.
improving or not.
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avoid bankruptcy. The researcher's participants added that it is also the right thing to
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do to identify the things that must be done to improve businesses especially, during the
current situation. Evaluating your business is like alerting yourself to the possibilities
How did you deal with the adjustments and the fewer sales within your
business specified that customers and consumers lacked the money to support their
needs?
Participant 2 By making the price seller but not to the point that less
nothing.
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customers’ needs.
my products.
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic
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The fourth table reveals that most of the respondents stated that dealing with
the adjustments is never easy. Because there were only fewer sales within their
businesses, they decided to decrease their products' prices. They also give discounts
and adjust their expenses to cope up with the situation. Since their customers have no
job, they avoid overpricing and use online platforms to advertise their products.
Having an advanced mind is an advantage because they even tried another plan for
their business to click. Instead of sticking with one plan, they became creative just so
What do you think are the possible ways to overcome business bankruptcy
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really want.
Participant 8 Use social media and sell the needs of the people right
now.
strategies.
Participant 10 Keep going and pray for His guidance. Second, apply
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic
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the researcher asked the respondents about the possible ways to avoid business
bankruptcy. The majority of the participants stated that they must use online platforms
and avoid overpricing because people want affordable products. You need to have
enough knowledge about the business you are interested in and, if it did not click, then
try another plan or enterprise. They also said that if you want your business to be
successful, you need to be hands-on about it. Keep your courage bolder to monitor the
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CHAPTER IV
Conclusions
the pandemic. It is already visible since people lost their jobs in exchange for their
safety and survival. It is a big challenge that is being faced by everyone in this state.
In conclusion, the researcher gets to know that businesses are the ones who
suffer a lot. They have lost several opportunities that classify as one of the
disadvantages of the coronavirus. The sales became low knowing the fact that
customers lost their ability to provide for their needs. The pandemic affects the growth
of every business. As a result, the country started to get weak because the taxes are not
enough to sustain the needs of the economy. Through the data collected, the researcher
also concluded that entrepreneurs tried to think of another way to keep their businesses
running. Although they were not used to the changes and adjustments, they still tried
their best to evaluate their enterprise. Business owners thought of strategies to turn the
disadvantages into advantages ones. In that way, they can cope up with their expenses
and can produce some sales. On the other side, these disadvantages had taught the
entrepreneurs to embrace the changes that may come. They learned to alert themselves
and observe the process of their business all the time. They ended up with helpful
strategies to attract customers and consumers to improve what they have before.
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Recommendations
Businesses must stand still against any catastrophes by evaluating their progress. With
it, entrepreneurs can prepare their SWOT analysis so that their vulnerability will
become their strengths. Applying effective strategies is also helpful because it will
attract customers and consumers. You can be innovative at all times if you want to get
more sales. Even amid difficult obstacles, you can also use social media platforms as
an advantage to gain many customers over your competitors. Do not make it too
complicated to avoid any bankruptcy. Be bolder, wiser and courageous. Always take a
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REFERENCES
The following are the references that were used by the researcher for the research
study:
https://www.accenture.com/sk-en/about/company/coronavirus-business-economic-
impact
https://www.pwc.com/gx/en/issues/crisis-solutions/covid-19.html
https://www.cleverism.com/management-theory-by-henri-fayol/
https://www.forbes.com/sites/aileron/2011/12/16/theory-of-business/?
sh=194a4de3491e
https://www.nber.org/papers/w26989
https://www.sciencedirect.com/science/article/abs/pii/S0969699715000174
https://smallbusiness.chron.com/effects-bankruptcy-employees-17068.html
https://www.investopedia.com/articles/economics/08/recession-affecting-business.asp
https://asia.nikkei.com/Spotlight/Coronavirus/Manila-lockdown-cripples-businesses-
big-and-small?fbclid=IwAR1i-SR-51jmAywOMK1Ni-
o42tgigNy8EkfD67MjWJzhvXewKN0w2P6ikns
The following questions are being asked for research purposes ONLY.
1. Do you think businesses are essential to our country for the economy to continue its
2. As a business owner, how has the Coronavirus affected the growth and sales of your
business?
3. Why do you think it is necessary to evaluate your business at all times? Explain
your answer.
4. How did you deal with the adjustments and fewer sales within your business
specified that customers and consumers lacked the money to support their needs?
5. What do you think are the possible ways to overcome business bankruptcy during
The Disadvantage of the Coronavirus to the Businesses within the Philippines during the Pandemic