It is common knowledge that businesses provide goods and services to the general public; doing so also generates revenue for the clients who purchase these items. It is a perpetual cycle that maintains the continuity of individuals’ daily existence. However, why is it regarded as the economic lifeblood? Businesses are obligated to adhere to their own set of rules and regulations, just like playing blackjack on the internet prior to commencing operations and providing services to the public. One of these regulations entails the fulfilling of a specific tax obligation. One prevalent method by which businesses contribute to the economy is through taxation. Taxes may also be regarded as a significant determinant that contributes substantially to economic growth. Customers contribute these to the circulation of the business and the economy as a whole. Businesses, particularly large business establishments such as hotels and malls, make substantial contributions to the economy through the taxes they remit annually. Additionally, customers make a financial contribution to the economy through the payment of value-added tax (VAT), which can be linked to the business as it is the source of the VATs that customers receive. Each of these can be linked to the cardiovascular system, erythrocytes, or the organism as a whole. The heart functions as an enterprise, supplying oxygen to blood cells that are analogous to taxes and distributing them throughout the body, which represents the economy. These levies are vital to the functioning of the economy, much like oxygen is to the other bodily systems. The business can be likened to the heart due to the fact that it finances the economy through taxation, which ensures its smooth operation. In this regard, enterprises can be regarded as the vital force that sustains the economy of a particular nation.
The COVID-19 pandemic is an enormous problem that is currently confronting the entire planet. The vast majority of nations are under quarantine, and all citizens are confined to their residences. Enhanced community quarantine was instituted by the Philippine government. The operation of public transportation has been suspended, with the exception of select government facilities and grocery stores. In light of these circumstances, certain enterprises may be compelled to cease operations in the absence of a definitive resolution to this predicament. The economy and businesses are interdependent; the failure of one will result in the failure of the other. The Philippines is renowned for being a nation that closely monitors its economy, as doing so is essential for survival. Amid the ongoing pandemic, the government is allocating its funds primarily towards the provision of healthcare services and vaccines. Government attention is directed towards the perilous state of population lives, as business establishments could not operate without ensuring the protection of the populace. In the absence of a source of revenue, even customers are unable to purchase food and supplies. Similarly, taxpayers are not obligated to remit their taxes, and the provision of electricity and water is also interrupted. Due to these emerging challenges, the economy is unable to maintain a positive trajectory as nearly all commercial establishments are compelled to cease operations. It is extremely difficult for economists to devise a solution to this recession. Should this pandemic persist for several months, there is an elevated likelihood of a severe economic recession due to the potential closure of certain businesses as a result of government directives. What guarantees the government’s ability to maintain healthcare services amidst the possibility of an economic downturn? The pandemic impacts the economy and industry in this manner.
The target market for the product will consist of students, who, similar to the celebrities featured on tv, are primarily prominent among your age group. Since they are constantly on the move and are known to carry numerous items, including luggage and other items, students cannot transport substantial quantities of food. Consequently, the intended product is a poultry skin on a pole featuring a unique presentation. The dish will be unique in that a single skewer will contain both potato twister and poultry skin. Additionally, a variety of flavors are possible, including sour cream, barbecue, and cheese. It is recommended to students because it is a finger food that does not require an excessive amount of effort to consume, making it potentially marketable to them. A potato twister consists of a potato strip that has been delicately skinned so as to prevent the tearing of the thin potato. The contorted potato exhibits a diverse array of flavors, including sour cream, cheese, barbecue, and intensely peppery. People gradually came to disregard the inventiveness of these so-called finger dishes as time progressed. Conversely, chicken skin is frequently stigmatized as an unhealthy food item, possibly due to the skin’s excessive release of lipids and oils. By amalgamating these two concepts onto a single stick, we can further develop the already inventive notions by incorporating chicken skin—an additional street food—and supplementing the contorted potato not only with its luscious flavor but also with its inventive design. Certainly, in addition to a variety of flavors. Although the product exists, we have never encountered it on the market. As a result, we opted to create a novel fusion by combining potato twister and poultry skin. We implemented an innovative approach by combining the meals that students typically consume during their break in the canteen or outside of class after school. Its function is to fulfill the desires of our target demographic at an economically viable cost; furthermore, it is perverted and enjoyable to consume. Physical appearance is indeed a challenge; it must be resolved so that it can appeal to our consumers. As a result, we opted to alternately place the potato twister and bite-sized poultry skin on the stick; this gives our product an aesthetically pleasing appearance. This innovation will benefit our target market, which consists of students, because it combines two of the most popular treats purchased and ingested by that market. It is a 2-1 product consisting of finger foods, so it is highly recommended to them due to its ease of consumption and ability to satiate their appetites. In addition, as entrepreneurs, we stand to gain from the development of a novel fusion that appeals to our clientele and potentially generates revenue as we revolutionize a refreshment that is widely consumed. Developing innovations is both a risk and an opportunity for a company to advance its operations. Because product innovation is novel in the eyes of the public, we were unable to evade its pros and cons. Despite its relative anonymity to the general public, our product, a potato twister featuring poultry skin, has already been developed. Consumers will be enticed to sample the product due to its distinctive qualities. Commencing with the advantages of the potato twister with chicken skin, it is readily consumable on a barbecue stick; one can take a bite without delay; the price is quite reasonable and will not strain one’s finances; and the amalgamation of the tender interior of the potato and the crunchy exterior of the chicken skin will prevent one from feeling like they’ve had enough. The potato twister with chicken skin would also have some disadvantages, including the preparation process, the challenge of preserving the skin’s crispiness, and the product’s undetermined popularity due to the fact that it is a novel and unfamiliar product to the general public. As part of our research to ascertain the efficacy of our product, a potato twister with poultry skin, we will undertake a calculated risk. Our product introduces an innovative concept by merging two perishable items, namely chicken skin and potato twister. Students constituting our target market, we intend to distribute our products in close proximity to the campus. During the initial three days, we will assess the marketability of the innovative product by meeting the predetermined quota. It is necessary to meet or surpass a daily target of fifty potato twisters adorned with poultry skin on sticks; the precise quantity of sticks required is contingent upon the investment. If the daily quota is met or surpassed, then the innovative food product is commercially viable to the intended market.