RRG Eternal Flame / by Ruel C. Tin-ao and Rafael M. Flores.

Enterprise development project (B.S.B.M.--Marketing) Cavite State University

Includes bibliographical references.

College of Economics, Management, and Development Studies (CEMDS)

RRG ETERNAL FLAME
ENTERPRISE DEVELOPMENT PROJECT
RUEL C. TIN-AO RAFAEL M. FLORES GLENN M. PEÑALBA
College of Economics, Management
and Development Studies CAVITE STATE UNIVERSITY
Indang, Cavite
Cavite State University (Main Library)
EDP 156 EDP 658.8 T49 2004
APRIL 2004
RRG ETERNAL FLAME
An Enterprise Development Project Presented to the Faculty of the Cavite State University
Indang, Cavite
In partial fulfillment of the requirements for the degree of Bachelor of Science in Business Management
(Major in Marketing)
00006701
RRG Eternal Flame 658.8 149 2004
EDP-156
RUEL C. TIN-AO RAFAEL M. FLORES GLENN M. PENALBA
April 2004
Republic of the Philippines CAVITE STATE UNIVERSITY
Indang, Cavite
COLLEGE OF ECONOMICS, MANAGEMENT
AND DEVELOPMENT STUDIES
Thesis of:
RUEL C. TIN-AO GLENN M. PEÑALBA RAFAEL M. FLORES
Title:
RRG ETERNAL FLAME
APPROVED:
Andili ARNALDOM. DILIG
Adviser
(0 poarua 04-06-04 MARILOU P. GARCIA
Date
Technical Critic
4-07-04
Date
سی اور سردار یار مهر
MA. CORAZON A. BUENA 04-12-04
EDP Coordinator
Date
NELIA C. CRESINO Chairperson, Department
of Management
4-12-04
Date
Ludviminda A Roda LUŽVIMINDA A RODRIN
Dean
12 APRIL 2004
Date
Note:
Original copy to be filed in the Library and one copy each to be distributed to: Adviser, Department Chairman, Research and Development Coordinator, College Dean, and Student
ABSTRACT
TIN-AO, RUEL C., FLORES, RAFAEL JR. M., AND PEÑALBA GLENN M. RRG Eternal Flame. An Enterprise Development Projec Science in Business Management, major in Marketing. Cavite State University, Indang, Cavite. April 2004. Adviser Mr. Arnaldo M. Dilig
A four-month business operation on the marketing of candles was conducted in
Cavite State University, Indang, Cavite , Brgy. II, Indang, Cavite, Kayquit Indang, Cavite
and Cavite Provicial Capitol, Brgy. Inocencio, Trece Martirez City from November 3,
2003 until March 8, 2004. Through this project, the students were given the chance to
apply their knowledge and skill on business management by putting up their own
business, gain profit from the business, describe the practices followed in making and
marketing of candle products and serves as training ground for students to enhance their
skills and developed their potentials. Three business management students decided to
operate a small candle-making project. The project started with an initial capital of
P30,000.00 which was equally shared by the partners. The amount was used to purchase
the necessary tools, equipment, raw materials and other miscellaneous expenses.
The highest volume of production was recorded during the month of November
followed by the month of December incurring the total sales of P4,230.00 and P5,450.00,
respectively.
The entrepreneurial development project obtained a total sales of P16, 821.72.
The project had obtained a total cash flow of P44, 890.00 coming from the initial capital
of P30,000.00 and from the total cash sale of P14, 890.00.
xiii
The projects financial performance was measured and analyzed through the use
of profitability ratios such as profit to gross profit ratios(GPR), profit to net sale ratio. On
profit margin, profit to asset ratio or return on total assets (ROA), return on equity (ROE)
and return on investment (ROI).
XIV
TABLE OF CONTENTS
PAGE
TITLE PAGE
APPROVAL SHEET.......
BIOGRAPHICAL DATA........
BIOGRAPHICAL DATA...
ACKNOWLEDGMENT
ABSTRACT
LIST OF TABLES......
LIST OF FIGURES...
INTRODUCTION..
Objectives of the Entrepreneurial Project.
MARKET STUDY
Product Description...........
...............
Product .......
Demand...
Supply.....
Price.......
Promotion....
Place/Distribution.....
TECHNICAL/PRODUCTION STUDY.......
Production and Operation...
XV
Volume of Production.
Cost of Production..
Volume by Units Sold.............
Time and Place of the Project...........
Plant layout of the Project...
ORGANIZATION AND MANAGEMENT............
Nature of the Project......
Form of ownership.....
FINANCIAL/ECONOMIC STUDY.....
Financial Analysis.............
SUMMARY.
PROBLEMS AND SOLUTIONS..
INSIGHTS GAINED FROM THE PROJECT..
BIBLIOGRAPHY.........
APPENDICES..........
xvi
LIST OF TABLES
Table
Page
Product Description of Paraffin and Gel Wax,
RRG Eternal Flame
Comparison of Prices of RRG Eternal Flame from other
competitors in Indang, Cavite (Paraffin Wax), October 2003 Comparison of Prices of RRG Eternal Flame from other
competitors in Indang, Cavite (Gel Wax), October 2003 Volume of Production for four-month period, RRG Eternal Flame
Production cost-actual of poured candles for Paraffin (Small)
Production cost-actual of poured candles for Paraffin (Medium)
Production cost-actual of poured candles for Paraffin (Large)
Production cost-actual of poured candles for Paraffin (Extralarge)
Production cost-actual of poured candles for Gel (Small)
Production cost-actual of poured candles for Gel (Meduiml)
Production cost-actual of poured candles for Gel (Large)
Production cost-actual of poured candles for Gel (Extralarge)
Volume of unit sold, RRG Eternal Flame
RRG Eternal Flame , Summary of Financial Ratio
15
Sales Summary of RRG Eternal Flame
xvii
LIST OF FIGURES
FIGURE
PAGE
Channel of distribution of RRG Eternal Flame....
Production process of RRG Eternal Flame............
First plant location of RRG Eternal Flame....
Second plant location of RRG Eternal Flame...
First plant layout of RRG Eternal Flame......
Second plant layout of RRG Eternal Flame...........
Organizational structure of RRG Eternal Flame.
Organizational chart of RRG Eternal Flame.......
xviii
RRG ETERNAL FLAME"
Rafael M. Flores Glenn M. Peñalba
Ruel C. Tin-ao
"An Enterprise Development Project report presented to the faculty of the Department of Management, College of Economics, Management and Development Studies, Cavite State University, Indang, Cavite, in partial fulfillment of the requirements for graduation with the degree of Bachelor of Science in Business Management major in Marketing with Contribution No.EDP 2004 -BM04-007 Prepared under the supervision of Mr. Arnaldo M. Dilig.
INTRODUCTION
Candle is the general term referring to a slender, cylindrical body of tallow,
containing a wick composed of loosely twisted linen of cotton threads and used to furnish
light (Webster's Dictionary, 1999).
Necessity is the mother of invention and early candles sometimes took rather
bizarre form to utilize available resources. The use and improvements of candles has
paralleled man’s ascent from the Stone Age. There is no historical record of the first
candles used by man, however, clay candleholders dating from the 4th century B.C. have
been found in Egypt. Early Chinese and Japanese candles were made with wax derived
from insects and seeds molded in paper tubes. Wax skimmed from boiling cinnamon was
the basis of tapers for temple use in India. The first known candle in America dates to the
15 century A.D. Native Americans burned oily fishes (candlefish) wedged into forked

Submitted to the University Library 07/18/2007 EDP-156