CHAPTER 6 - Checked
CHAPTER 6 - Checked
CHAPTER 6 - Checked
In Partial Fulfilment
Of the Requirements for the K to 12
BASIC EDUCATION CURRICULUM
In
Business Enterprise Simulation
By:
KARL JUSTINE M. ALILING
DANA CASANDRA M. ACUÑA
JASMINE C. ARREVALO
CELINE KYLA M. PASTOR
May 2024
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CHAPTER VI
SOCIO-ECONOMIC CONTRIBUTION
The following chapter describes the proposed business' contribution to
the society where it will be established; readers and investors can learn more
about the business's vital role in the community. The socio-economic aspects
how societies progress, stagnate, or regress due to their local and regional
but also boosts the agricultural economy by increasing demand for produce.
paying taxes. All registered businesses, including those in industries like the
one in Bauan, Batangas, are required to fulfill the tax obligations, which
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society. In addition to supporting the national economy, businesses also have
the business industry in Bauan, Batangas, firms like the one mentioned can
significantly impact the local community by paying the proper taxes, including
local business taxes and other related fees. These contributions help fund
for residents.
The Veggies in Bites cookie business not only promotes healthy eating
habits and supports local farmers but also fulfills its tax obligations, thereby
Philippines.
Living in a nation where taxes are levied on most goods and services,
variety of its agricultural products, create jobs locally, and draw tourists with
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its distinctive culinary offers by launching a product such as vegetable cookie
bread. Adding veggies to baked products can encourage residents and guests
to eat healthier.
source of income for the company through income taxes collected from the
an opportunity. The planned firm will benefit society by giving people in Bauan
and Batangas jobs and employment. Bauan Batangas has the potential to
demand, stimulating economic growth. When people are employed, they have
more disposable income, which they can spend on goods and services,
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Goals are set because they are intended to be correct and attainable.
the people in the area or the environment. The Veggies in Bites will also
participate in and support the local government's program and other non-
Figure 6.1
Corporate Social Responsibility Model
The Triple Bottom Line (TBL) by John Elkington states that businesses
profits. TBL theory proposes that instead of a single bottom line, there should
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commitment to corporate social responsibility and long-term environmental
impact. Veggies in Bites will use the Triple Bottom Line CSR model for a more
environment.
society and the environment rather than harm them. It is also a business
model in which companies strive to operate in ways that benefit society and
the environment rather than harm them. It can benefit society and promote a
the CSR in their projected year, which is around the second or third year of
existence, knowing that within this, the business is expected to have a stable
profit. Veggies in Bites will implement CSR in their projected year, around the
Veggies in Bites will help find homes for dogs and cats abandoned or
provide balance and happiness. They bring positivity and a sense of joy. The
company will provide them with foods such as dog and cat food. They will also
cover vet check-ups, medications, toys, and other necessities. The proposed
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business will also support non-governmental organizations that work for the
programs, segregation materials, and other initiatives. They are taking CSR