Viability of Coffee Vending Machine: An Assessment
Journal Title: Quarterly Journal of Business Studies - Year 2014, Vol 1, Issue 3
Abstract
This study aimed to determine the Viability of Coffee Vending Machine in Batangas City. Specifically, to present the profile of Coffee Vending Machine in terms of capitalization, location, number of years in operation, hours of operation, average monthly income, average number of customers per day; to determine the factors that contribute to the viability of coffee vending machine in terms of sales performance, operational performance, and financial performance, and to identify the problems encountered in the operation of the coffee vending machine. The present study was a descriptive research that used quantitative analysis whose respondents were 33 owners residing within the vicinity of Batangas City. The results revealed that the location of the machine was the primary concern of participants during the operation. The problem that most occurred was the minimum return of investment due to many competitors which popped out in the vicinity of Batangas City. This means that it greatly affects the business in terms of viability. The researchers highly recommend that vending machines must continuously operate depending on the location and operators must have enough capital to make the coffee vending machine business viable. The researchers suggest to the operators of the machine to handle any proof of capital return by providing a record, and to monitor the business enterprise.
Authors and Affiliations
Andren A. Carino, Ericka Ria Patrieze D. Larcia, Vanessa D. Valderama, Trishaleen Joy M. Gayacan, Mary Joy I. Garces, John Paolo M. Badillo, Lourdes P. Panaligan, Maribeth G. Buenviaje
Keywords
Related Articles
- EP ID EP28506
- DOI -
- Views 329
- Downloads 10
Relationship between Employee Empowerment and Customer Satisfaction in the Melli Banks of Isfahan Province
Rapid environmental changes threat the survival of many organizations. Global economy is driven by regional economic impact and information technology, new media, free consumer culture, emerging global standards and th...
Does Auditor Fees contributed to high quality of Audit Services? Further Evidence from Malaysia
The purposes of this study are to examine the relationship between fees paid to auditors and audit quality. The study hypothesized that the higher audit fees paid therefore big audit firm will deliver a high audit qual...
The Practice of Performance Measurement in Small and Medium Enterprises: Empirical Evidence from a Developed Economy Perspective
This paper examines the practice of performance measurement (PM) among Small and Medium Enterprises (SMEs) within the construction industry. The study was conducted by using a questionnaire survey with random, systemat...
Role of Effective Communication in the Organizational Commitment and Employee Behavior as Input to Human Resource Management
This article explores on the significance of effective communication in the organizational commitment and employee behavior. It gives importance in the way organization communicates any kind of information to the emplo...
The Roles of Product Quality and Trust in Customer Satisfaction and Purchase Decision – A Study of Wechat Shopping in China
This study examines a new form of e-commerce transactions, dubbed W-shopping (WeChat-shopping), which occurs through the prolific and still growing WeChat social networking application. This study applies an establishe...