Saturday, August 31, 2019

Book Review American Slavery: 1619-1877 by Peter Kolchin

â€Å"American Slavery, 1619-1877† by Peter Kolchin gives an overview of the practice of slavery in America between 1619 and 1877. From the origins of slavery in the colonial period to the road to its abolition, the book explores the characteristics of slave culture as well as the racial mind-sets and development of the old South’s social structures. This paper is divided in two sections.The first section observes the author’s vivid presentation of the slave-master psyche and relationship from the 17th to 19th century America. The second section examines the author’s choice of method in narration – how, apart from quoting statistics, Kolchin gave weight to accounts of slaves’ and slave owners’ lives and conditions. Delving into the Peculiar Institution of Slavery American slavery, Kolchin explains, didn't develop in isolation, but evolved as part of a trend toward forced labor in the New World colonies.By about 1770, American slavery w as concentrated mostly in the South, though it existed in all of the American colonies, and, as time passed, relationships between slaves and masters changed as second- generation slaves lost much of their African culture and became Americanized. The Revolutionary era saw slavery threatened by Enlightenment ideology, but the institution survived more strongly than ever in the South and, during the 19th century, came to be perceived as fundamental to the Southern economy and way of life.Kolchin also writes about slave life through the Civil War, and, not surprisingly, he sees slavery as leaving a legacy that has persisted throughout our own century. Kolchin probes into the lives of those imprisoned by the â€Å"peculiar institution† of American slavery. It begins with slavery’s origin in America in the sixteen hundreds, with the importation of slaves from Africa. Their free labor established the agricultural foundation of the New World. From hereon, Kolchin follows the escalation of slavery through citing statistics and providing information of conditions of the lives and times of slaves and slave owners.Kolchin narrates tales of hardship and provides a condemning opinion of slavery. At the same time, however, he focuses on the facts of daily living of slaves in America. Furthermore, Kolchin delves deeply into the oddly fascinating dynamics of the slave-master relationship, which allows incidents such as a master whipping his slave for working sluggishly and then the evening of the same day, gathering all of the slaves for a bible reading session. A person who provides basic needs for others but forces them to provide him free labor in return is evaluated repeatedly in the book with interesting outcomes.However, the author likewise presents a slave owner who had minimal impact on slaves’ lives outside of the workday, one who allowed the slaves to have social and religious celebrations of their own choosing, and viewed the slaves as not just property, but humans. The irony of this is that slave owners saw no wrong in what they were doing, regardless of how they treated their respective slaves. Slavery, as an institution, was from the perspective of the slave owners, justified.Kolchin describes that, in response, slaves were overtly resistive to their predicament at times, while others provided less obvious resistance in the form of slow work, feigning illness, and even sabotage. In addition, Kolchin gives the readers the catalysts for the events in the history of slavery. Economic, religious, and social factors are made prevalent, which renders the book well organized and able to reach depths that a few other books with the same topic failed to achieve. Even though the war ended, hatred for blacks remains.Thus, segregation evolves in full force throughout the nation, but mainly in the south. He also explains the struggle of the south to compete with the north as far as industrialization which was the new course of Amer ica straying away from agriculture, and until today they still suffer a lack of industry opposed to the northern states. Method of Narration The book’s chronological format of the book provides a logical flow and allows the reader to see the manner by which the events of each day made tremendous impact on slavery.The bibliographical essay lists hundreds of books that pertain to the writing in a sectional format and describes particular topics covered in each book. This is easy to see in the straightforward and matter-of-fact way that the author discusses topics from whipping of slaves, to the selling of slaves resulting in the breakup of families. Kolchin effectively used statistics in writing this book, in that, at the start of most sections or chapters the reader was able to ascertain the slave population and distribution, as well as growth rates and comparison to white population.Kolchin’s interpretation of this particular historic era shows that its’ history is primarily determined by individuals with economic motivations. When the author wanted to explain the horrors of these situations, he used quotes from slaves themselves, not a personal soapbox that many authors use. By using these comparisons the reader can see how the treatment of slaves was paramount to production, controllability, and even reproduction. ConclusionPeter Kolchin’s â€Å"American Slavery, 1619 – 1877,† provides a laudable and significant consideration of slavery in the formation of the United States as a country. It is a clear and briskly written survey that puts slavery in context and explains its continuing impact on American life. Overall, Kolchin displays an excellent work of literature which provides many sources and well-thought-out information. Reference Kolchin, Peter (1993). American Slavery, 1619-1877. Hill and Wang

Friday, August 30, 2019

Grendel’s Mother and Beowulf

Not Just an Ordinary Person In order to establish Beowulf as an epic hero in the piece of literature Beowulf, he must possess all or most of the characteristics of an epic hero. An epic hero is the central figure in an epic who has superior qualities and risks personal danger to pursue a grand quest. There are ten specific characteristics that one must have to be considered an epic hero. One must be significant and glorified, on a quest, and responsible leader. One must also have superior or superhuman strength, intelligence, courage, and ethics.Lastly, one must risk death for glory or for the greater good of society, perform brave deeds, and reflect the ideals of a particular society. To be looked at as an epic hero, the first three characteristics a person must have are to be glorified, on a quest, and a responsible leader. The Geats say of Beowulf â€Å"Now when help was needed. None / Of the wise ones regretted his going, much / As he was loved by the Geats† (lines 116-119 ). The Geats saying such things about Beowulf tells that he is glorified by his people.The people of Herot have chosen Beowulf in lines 149-150 â€Å"My people have said, the wisest, most knowing / And best of them, that my duty was to go to the Danes’ Great king† to go on a quest to Denmark to kill Grendel and help save their warriors. In order to be recognized as a hero, one must be a responsible leader. One must be willing to put themself ahead of others, take action when needed, take the blame when something goes wrong, and take credit when things go right. In Beowulf’s case, one must know when to bring soldiers, and when to go into battle alone.In line 679 of Beowulf â€Å"Wait for me close by, my friends† Beowulf realizes that nobody can defeat the dragon but him, so he tells his men to stand back so no one gets killed when unnecessary. The qualities that just about all people see are one who has superior strength, intelligence, courage, and ethics. Most people define a hero as a person who has superior or superhuman strength. Beowulf is â€Å"the strongest of the Geats- greater / And stronger† than anyone else in the world (lines 110-111). Saying this shows that if Beowulf cannot defeat Grendel then nobody else can.Beowulf shows how intelligent he is in lines 134-137 when â€Å"Beowulf arose with his men / Around him ordering a few to remain / With their weapons†. Beowulf is smart enough to realize that if nobody stays with the weapons somebody will steal them, and they will be left unarmed when a war breaks out. To be considered courageous, a person must face something that would frighten most. Beowulf does just that on numerous occasions in Beowulf. Beowulf faces and conquers Grendel in lines 515-517 â€Å"The victory, for the proof, hanging high / From the rafters where Beowulf had hung it, was the monsters / Arm, claw and shoulder and all†.The mighty water witch, Grendel’s mother, becomes troub led with the loss of her son and wants revenge on Herot. When she attacks Herot, Beowulf takes action and conquers her in lines 643-645 â€Å"Her body fell / To the floor, lifeless, the sword was wet / With her blood, and Beowulf rejoiced at the sight†. Some heroes use special powers, or costumes to help them win the fights against the bad guys. However, Beowulf believes in being ethical. He does not want to be credited for winning a battle if every aspect of the battle is not considered fair.In Beowulf , Grendel is defeated by Beowulf unarmed in lines 669-671 â€Å"Crushed to death / Like Grendel, gripped in my hands and torn / Limb from limb†. Beowulf could have very easily used the weapons in the boat that his men were holding. Instead he did not because that would not be considered a fair fight. The last characteristics that must take place in order to be established as an epic hero is one must risk death, perform brave deeds, and reflect a particular society. If a person does not risk death for their society, they will not be considered a hero; one will be considered as just an ordinary person.However, Beowulf proves that he is not just an ordinary person when he performs brave deeds and is faced with death on numerous accounts for the good of his people. Beowulf faces Grendel, a man-eating monster; Grendel’s mother, a water witch; and the dragon, a hot breath and poisonous creature. When Beowulf faces Grendel’s mother in lines 620-623 â€Å"And in an instant she had him down, held helpless. / Squatting with her weight on his stomach, she drew / A dagger, brown with dried blood and prepared / To avenge her only son† he sees death right before him.He keeps fighting because in lines 683-684 Beowulf says â€Å"No man but me / Could hope to defeat this monster†. When Beowulf faced the dragon in lines 718-722 â€Å"The monster came quickly toward him, / Pouring out fire and smoke, hurrying / To its fate. Flames beat a t the iron / Shield, and for a time it held, protected / Beowulf as he’d planned; then it began to melt† Beowulf’s life flashes before his eyes again when he realizing that the shield is not going to hold up, and he will die from the dragon. Beowulf upholds the ideals of the Anglo-Saxon society; courage, loyalty, and honor throughout the entire literature of Beowulf.An epic hero is the protagonist in an epic who has superior qualities and risks personal danger to pursue a grand quest. In the piece of literature Beowulf, Beowulf must possess all or most of the characteristics of an epic hero in order to be established as one. Throughout the epic, Beowulf possesses the characteristics of glorified, on a quest, responsible leader, superior strength, intelligence, courage, ethical, risk death, perform brave deeds, and reflects ideals of a particular society on multiple occasions. Therefore, at the end of this epic, Beowulf can be confirmed as an epic hero.

Thursday, August 29, 2019

Coroporate finance Research Paper Example | Topics and Well Written Essays - 1500 words

Coroporate finance - Research Paper Example Ratio analysis uses data from the financial statements to develop financial formulas that calculate ratios. The purpose of this paper is to utilize ratio analysis to analyze the financial performance of Qatar Telecom Q.S.C. and Vodafone Qatar Q.S.C. during the last two years. Company profile Qatar Telecom Qatar Telecom is the leading telecommunications company in the small Persian Gulf country of Qatar. The company’s landline business operates in a monopoly market since the firm is the only company that provides that service. Some of the services that the company provides to its customers include landlines, wireless communication, internet, and cable television. The firm is a multinational corporation that operates in 17 countries. The majority ownership of the company is held by the government of Qatar who owns 55% of the firm. The remaining 45% is owned by private investors who openly trade their stocks in the Qatar Exchange. Company profile Vodafone Qatar Vodafone is a mult inational corporation in the telecommunication industry that operates in over 30 countries. The firm was founded in 1985. The company has over 403 million customers around the world. The firm has used strategic alliances and partnerships to expand its reach. Its global network of partners is composed of 50 companies. The firm is considered the 7th most valuable brand within its industry. The organization has a diversified portfolio of products and services which includes mobile, business, and marketing solutions. Overview ratio analysis The use of ratio analysis can help companies evaluate the financial performance of an enterprise. The analysis is considered a quantitative tool. One of the advantages of applying ratio analysis is that it is easy to use. Any person that has basic business knowledge can retrieve the financial statements of a company and calculate its ratios. Nine additional advantages of the use of ratio analysis are listed below: Helpful in decision making Helpful i n financial analysis and planning Helpful in communication Helpful in coordination Helps in control Helpful in shareholder’s decisions Helpful in creditor’s decisions Helpful in employees decisions Helpful in governmental decisions (Svtuition, 2011). Another virtue of the use of ratio analysis is its comparability. The ratios of different companies can be compare to evaluate which firm is the better investment alternative. The five major categories of ratios are liquidity, financial leverage, asset efficiency, profitability, and market value ratios. Ratio analysis Qatar Telecom A ratio analysis of Qatar Telecom for the years 2011 and 2012 is illustrated below. 2011 2012 Net margin 18.71% 13.79% Earnings per share QR 14.80 QR 9.88 Return on assets 5.82% 4.93% Return on equity 15.09% 12.60% Current ratio 1.01 1.05 Acid-test ratio 1.00 1.03 Working capital QR 304908000 QR 975749000 Debt ratio 0.61 0.61 Debt to equity 1.59 1.55 Qatar Telecom generated total revenues of QR 33.71 billion in 2012. The sales of the company increase by 6.14% in comparison with the previous year. The firm’s net income in 2012 was QR 5.94 billion. The organization was able to increase its net income by QR 1.3 billion since the previous year. The net margin of the company in 2012 was 13.79%. The net margin is a metric that measures the absolute profitability of the company. It is calculated by dividing net income by total sales.

Wednesday, August 28, 2019

Interactions of hazardous materials Essay Example | Topics and Well Written Essays - 250 words - 5

Interactions of hazardous materials - Essay Example When calcium hypochlorite gets in contact with water there exist a formation of Hypochlrous acid denoted by Ca (OCLS) 2 +2H2 O’2HOCL + Ca (OH)2. There is also a possibility of the acid to undergo other various reactions. Calcium hypochlorite normally operates as a weak form of a base implying that the hypochlorite ions are able to collect hydrogen ions found in water to form Hypochlrous acid. This acid is highly poisonous and may result into adverse effects on people’s health. The inhalation of hypochlorite elements may result into an individual developing gastrointestinal effect. Hypochlorite substances can also cause individual to have mouth, esophagus and throat injuries while inhaled. Additionally, it may also result into stomach bleeding, which can lead to the person’s death if quick measures are not taken. For disinfection to take place for the hypochlorous acid it is vital to go through the decomposition processes. The decomposition action can occur in pre sence of an organic substance like bacteria. During this process the oxygen formed is referred to as nascent oxygen, which is liable for the disinfection act (Zinski,

Tuesday, August 27, 2019

The future of Private and Public pension provision in the next five Essay

The future of Private and Public pension provision in the next five years in Mauritius - Essay Example Pension system is Mauritius was established in the early 1950s, non-contributory pensions are now received by the majority of the residents aged over 60 (Willmore, 2003, Vittas, 2003). Since 1974 pension coverage in the country has been universal, i.e. there is a fixed division into four age groups (60-74 years old; 75-85; 86-99 and 100+, due to overall longevity in the state). The average basic universal pension is about 57 USD (Bailey, 2004, Gopee, 2006). In Mauritius, non-occupational pension consists of several components, such as Basic Retirement Pension, the National Pensions Fund and the Civil Service Pension Scheme and is regulated by strong legal basis (Philip, 1995). Non-occupational pension schemes include basic retirement pension, financed from general taxes, and its current ratio constitutes 3 per cent of annual GDP, but an estimated ratio for 2020 is 6 per cent (GAD, 2001a), due to the ageing trends in population structure. National Pensions Fund is also a part of non-occupational pension provision, as the NPF is an obligatory model which takes into account all private sector organizations employees, excepting those who gain very low wages and some workers involved into sugar industry. Compulsory contributions constituting about 3-9 per cent of overall earnings result in the accumulation of points on the basis of the declared cost of a point for the certain period (Willmore, 2003). National Savings Fund is a third compone nt of non-occupational pension provision and requires of participants certain contributions (2-3 per cent of income) on the mandatory basis (Mauritius Modernizing and Advanced Pension System, 2004). The NSF funds are normally invested into government security, thus the resources themselves are not accumulated, but spent immediately after the employee’s contribution. The other universal social aids and assistances under the NPS’s responsibility include: 1)

Monday, August 26, 2019

Business plan- definition Essay Example | Topics and Well Written Essays - 2750 words

Business plan- definition - Essay Example A business plan is aimed at justifying business idea and its future potentials. It is the conclusive document that details the strengths, risks, future developments and other relevant technicalities involved in undertaking the business venture. Business plan is primarily and usually developed for undertaking a new business venture. However it may also be developed when an existing business makes some new initiative changes for which a sizeable investment and analysis is required. Externally, business plan helps in communicating to the potential stake holders about the financing of the new business idea. Simultaneously, a business plan serves the internal purpose by making the picture clear to the people in organization about the business. Having a conclusive business plan serves as a guideline of future moves and is an important controlling mechanism against which actual performance can be compared. The business plan encompasses several elements of significant importance to new busin ess idea. These include idea generation, strategic objectives, market analysis and research, understanding the competition, cash flow, profit and loss forecasts, balance sheet projections, competitive strategy and scenario analysis. These elements are critically analyzed in the following discussion. Elements of Business Plan 1. Idea Generation Idea generation is the process in which problem under consideration is understood and ideas to solve that problem are generated and communicated. It is the basic element of business plan on which the success of business relies heavily. An idea that understands the problem only at surface and does not address the core depths of issue will result only in short-term success and ultimate failure. A successful idea is the one, for a new business, that is feasible and profitable. Idea generation is the rigorous task (Legrand 2011, p.125). It requires a great analysis and commitment to arrive at successful business ideas. Most of the business failure s trace to unworkable business ideas. Business idea turns out to be a failure because of very common problems that include; surface understanding of problem, improper understanding of environment where idea is to be introduced and miscalculations in assessing future potential of idea generated. These are the most common areas that are not properly addressed while proposing any idea. In organization, a leader can take steps to help in generation of useful and successful ideas. He/she can do so by directing idea generators in a way so as they may not overlook the common areas of mistake that result in ultimate failure of business plan. Group idea generation is the common organizational practice. It offers the benefit of the pooled knowledge f group and ensures a proper critical analysis of idea before it is implemented. 2. Strategic Objectives: The term ‘Strategic Objectives’ refers to the concrete financial and non-financial goals that an idea is supposed to achieve. Set ting of strategic objectives serves various important purposes in a successful business venture. It defines the targets in concrete terms and also the role of different functional units of organization for achievement of strategic objectives. Strategic objectives outline the amount of financial and non-financial resources that are required to make an idea a success. This is a critical step in business plan. A business idea can be a failure if its translated strategic objectives are vague, unclear and ill-calculated. A major coordination problem, among functional units, will arise in case the objectives are not well understood. A

Sunday, August 25, 2019

Business Management Assignment Example | Topics and Well Written Essays - 2250 words

Business Management - Assignment Example An internal customer could be anyone within the organization. For e.g. Jessica and her team is an internal customer for the accounts department of that company because Jessica's team can not serve the suppliers and customers well until they have proper information from accounts and they are dependent on accounts. The suppliers were unhappy because they were given incorrect information at one instance and they rejected the products because some inputs were not of quality. This caused embarrassment and could have been prevented by close internal coordination. Another way of coaching employees, so that they can effectively fulfill customer needs, is to hire external consultant or auditor who periodically monitors their performance and can guide and train them. The customer service department at medical company was not in close communication with top management and their complaints and advice were not given due importance. Thus it will result in low motivation, poor customer service and people may tend to leave as their suggestions were not considered important in the organization. I have selected State library as the service provider organization as I have been interacting with this library for quite some time. The library provides a great environment to study with latest books on all subjects; magazines, periodicals, newspaper plus internet facility. The library is famous because it has taken in to accounts the needs and wants of their target customers who are between age 18 to 50. They conduct surveys to know about the preferences of the subjects of various age groups and keep the books according to it. The customer service policy of the library is attached at the end in appendix. ENSURING QUALITY CUSTOMER SERVICE The library through feedback process keeps themselves aware of the changing needs of the customer. Their staff go for unofficial visits to other libraries to observe what other best services are being offered there. This helps to improve themselves. Moreover they also take help of the best librarians of the country who guide them as to how they can improve their services. RESPONDING TO FEEDBACK The feedback from the customer is taken through the feedback forms placed at the entrance. Moreover a monthly feedback is taken from the permanent members of the library. Most of the customer's requests are regarding a new book or magazine to be kept in the library. They try to arrange that book and then personally inform the customer about the status of his request. The employee base of the

Concert review Essay Example | Topics and Well Written Essays - 750 words - 1

Concert review - Essay Example They can either play with a director or not depending on the occasion. This was the Concerto Stella Matutina’s debut in the Rheingau music festival. The group was led by Rolf Lislevant, who is the group’s baroque guitarist (Manson, 2013). Rolf Lislevant has had a major role in the development of early music performances. This he has done by not just using original music and period instruments, but he also reinstated missing elements of imprecision. This technique was well established and widely used when the music was originally composed. However, its use has become rare in the classic and baroque music. Lislevant was accompanied by two of his colleagues from Kapsberger Ensemble: Thoharald Johnsen a former student and compatriot and Bjorn Kjellemyr. They primarily played in Jazz style on the double bass, using the fingers instead of the bow. Thoharald Johnsen can also play the Renaissance lute, baroque guitar and chitarra battente (Buelow, 2004). The flagship location f or the Rheingau music festival was at the Kloster Eberbach, a former imposing monastery. The concert was sold out, and the attendance was up to one thousand people, who came together for a music session known as â€Å"Early Music Meets Jazz†. The first concert took place in February 2012 in Australia. This concert was one of the most memorable and scintillating that has ever been witnessed in recent years. The change in the venue from their first concert which was done in a concert hall, to cavernous Basilica had some major impacts on several aspects of sound projection. This was mostly experienced with the lowest register instruments. The amplified bass experienced this as it generated a lot of reverberations and the baroque was most of the distinguishable. The brass instruments also at some point could not be heard through the acoustic space. However, this did not prevent players from rocking the concert as they took the problem as a motivation to play better. This gave thi s different concert much joy (Manson, 2013). The pieces that were mostly played dated back to the 16th century, which is very much close to the lutenists’ remit. There were also two pieces from a field that is considered to have been rather neglected by recent  music composers. This is the Australian High Baroque which the Concerto Stella Matutina has made to be their own. One of the Australian High Baroque founding fathers is Johann Heinrich Schmeltzer. His Sonata a 3 was a slow graceful work which since Heinrich’s time has showed the Cornett player’s technical abilities. During that time, the Cornett players were seen on the basis of virtuosity as equals to the violin. Then to the evening’s main business, here the jazz started meeting the earlier music such as the performance of the Aria di Firenze composed in the 16th century. The composer of the lyrics is anonymous. The two guitarists with their fluid and crisp flow of rhythmic precision alternating improvisation and melody vividly brought the out concert’s latest dance theme. This was subsequently supplemented by jazzy trombone. The second half started close to night fall with breathtaking music by Thor-Heralds Johnsen’s alteration of the Kapsberger’s Toccata 2. This was developed by the seamlessly movement of Lislevant’s guitar through Aria Di Passacaglia by Frescobaldi to his electrifying arrangement of Passacaglia Andaluz by an anonymous composer. The two performances by Francesco da Milano were the main highlights of

Saturday, August 24, 2019

Write a essay about those questions Example | Topics and Well Written Essays - 1500 words

Write a about those questions - Essay Example Except for the congenital syphilis, syphilis occurs in four distinct stages. In the initial primary stage, there is formation of a sore which is a small, round and firm referred as chancre that occurs at the site of infection. Chancre usually occurs 21-90 days after infection. The ulcer usually disappears and secondary syphilis sets in. This is evidenced by skin rash which do not itch at soles and palms. Symptoms associated with secondary stage syphilis include headache, swollen lymph glands, sore throat and tiredness. In the latent syphilis no symptoms are evident and the disease progresses to the tertiary stage. Failure to treat syphilis may lead to the complicated tertiary stage which affects almost all organs of the body including the brain, nervous system and heart. Late syphilis presents with mental illness and neurological failures. The diagnosis of syphilis maybe by examination of a chancre by a health worker and laboratory tests confirmation for the disease. Antibiotics especially penicillin are used in treatment of syphilis especially at the primary stages. Syphilis that has affected the neural system may be treated by intravenous injection of penicillin. Prevention of the disease is by avoiding contact (sexual contact) with infected individual and avoiding sex partners. Protected sex may also minimize chances of infection (National Institute of Allergy and Infectious Diseases 1). The bacterium Nesseria gonorrhoeae infects the potential victim through the genital tract, mouth and rectum. Transmission of this bacterial disease is through sexual intercourse with an infected partner oral, anal or vaginal. The bacterium has its reservoir in infected humans. Symptoms of this STD include discharge in both men and women though some infected individuals may not present with any symptoms. These symptoms are evident after 2-10 days after sexual intercourse with an infected individual. In women possible symptoms

Friday, August 23, 2019

World Religions Report Essay Example | Topics and Well Written Essays - 1500 words

World Religions Report - Essay Example The Jehovah’s witnesses postulated the non-existence of hell, the non-existence of the Trinity, reduced the Holy Spirit from a person to a force and believed in the mortality of the soul. Similarly they do not celebrate Christmas as they do not celebrate holidays or birthdays. According to them Jesus never commanded Christians to celebrate his birth. On the other hand, he asked his disciples to memorize or remember his death. Thus, the most important annual event for the Jehovah witness is the commemoration of Jesus’ death. They also do not believe in the Christian doctrine of Trinity, the concept of the three persons in God- the Father, Son and the Holy Spirit. To support its doctrines, the Watchtower organization (which is the author and teacher of all official Jehovahs Witness theology), has even altered the Bible to make it agree with its changing and non-Christian teachings. The lives of Jehovah’s disciples are thus governed by their understanding of the scr ipture as interpreted by the Watchtower Bible and Tract society of New York. For them Jehovah is the Supreme Being and creator of everything and Jesus is only yet another creation of this supreme entity. Even though they don’t believe Jesus to be the son of God, they believe that Jesus’ death was necessary for the atonement of the sins committed by the first man Adam. They strongly believe in the Word of God and resort to preaching as a major part of their missionary life. Thus, one finds the Jehovah witnesses moving from door to door, house to house preaching about God’s kingdom and interpreting the Bible. For them, â€Å"living by Bible principles gives purpose to life, promotes strong family ties, and develops productive and honest citizens.† (Jehovah’s Witnesses, 2004). Thus, they try to promote Bible education through preaching and the distribution of Bibles and Bible study aids. Until

Thursday, August 22, 2019

Coffee Stand Essay Example for Free

Coffee Stand Essay The proponents thought of a coffee business since Filipinos are known to be coffee – lovers. To satisfy consumer cravings, they came up with other blends of coffee, these blends will surely fulfill the cravings of the buyers. 1. 1 Project Proponents The proponents are composed of three (3) students from the College of Business taking up Hotel and Restaurant Management. The proponents have undergone series of brainstorming in order to come up this kind of business. Table 1: Proponents NAME| ADDRESS| NATIONALITY| OWNERSHIP| Paringit, Jerick U. | 78 Peras St. Bagong Barrio Caloocan City| Filipino| 33 1/3%| Lacabra, Elisha Grace V. | 43 Ero Bernardino Seminary St. Bagbag Novaliches| Filipino| 33 1/3%| Viloria, Vanessa DC. | 7 Pangako St. Bagong Barrio Caloocan City| Filipino| 33 /3%| 1. 2 Proposed Name of the Project The proponents named the business â€Å"Kofilicious† a combination of the words Coffee and delicious. It is a place where you can satisfy your coffee cravings at affordable prices. Kofilicious aims to serve blended coffees that are suited to the tastes of the customers. 1. 3 Type of Business Organization The proponents agreed to form a General Partnership with all three (3) partners. All of them will manage and participate in the business operation; each partner is subjected to contribute their share to come up with the required capital for the initial operation of the business. All of the proponents would be general partners with 33 1/3% shares each in capital requirement. 1. 4 Location of the business The Kofilicious will be located at the Walter Mart, North EDSA at the ground floor area. It is close to the LRT station, in front of Jackman. 1. 5 History of the business Initially, the proponents would like to start a Pizza Shop, a Restaurant or a Bar. However there is a difficulty in finding demand and supply of the main product. As time goes, the proponents have noticed that Filipinos are coffee lovers. So proponents were inspired by the idea of having a coffee shop. About the location, one of the proponent suggested to put up a business inside SM City San Lazaro at Felix Huertas St. Lacson Ave. Santa Cruz, Manila, but when they visited the said mall, the proponents found out that there are many direct and indirect competitors, so they searched for another location and found Walter Mart in North EDSA, Quezon City. It is a commercial place where it can achieve profitability through mall goers, students, employees. The most crucial factors that influenced the proponents in choosing what type of business project to establish and manage are (1) the need to obtain the necessary capital needed in establishing the business, (2) the marketability of the chosen project to ensure profit, and (3) the percentage and time needed to have return of investment in order to maintain and sustain the business project. Since the proponents are all students, capital is a limitation. The scale with which the business project will operate depends largely on the amount of money the proponents are able to commit to business. Nowadays, marketability of the product depends on the demand for the product. The project proponents chose food as their product because the marketability of beverages never decreases. As long as people drink, beverages will always be a top commodity. A survey conducted by the proponents showed that coffee is one of the most in-demand beverages. A little twist and little experiment, and the team came up with Kofilicious, coffee blended with other ingredients topped with whipped cream and wafer or wafer stick. CHAPTER 2 MANAGEMENT AND PERSONNEL The Kofilicous has a Stall Manager, Accountant, and two Store Personnel. Each personnel will work for eight hours a day, from Monday to Sunday. The term of payment will be given 15th and 30th of the month. The proponents choose personnel who have experienced and capability to work. 2. 1 Personnel The proponents formulate the policies, objectives and strategies to make the business productive and successful in its operation. The proponents will hire Stall Manager, an accountant, and store personnel. 2. 2 Personnel Requirements A. Stall Manager * Must be 21-35 years old * Must be a graduate of four year course which is related in Management, Hotel Restaurant Management or any other business course * Must be willing to work on shifting hours * Must have passion about coffee. B. Store Personnel * Must be 18 to 25 years old * At least 54 in height (male) or 52 (female) * With pleasing personality * Must have at least college level of education * Must be hardworking flexible * With skills in coffee mixing C. Accountant * Preferably a certified public accountant * With experience in financial statements preparation. 2. 2 Duties and Responsibilities A. Stall Manager * Oversees all the activities, * responsible for ensuring that the coffee shop maintains adequate supply levels, * maintains relationships with customers and staff, * identifies and estimates quantities of supplies to be ordered, * schedules staff work hours and activities, * organizes, plans, * bears the responsibility of ensuring that the coffee shop is adequately staffed, * makes sure employees are trained, * must handle all the advertising and promotion, * must manage the store and maintain the work flow and. * Must train the crews, and implements all the rules and policy. B. Store Personnel * are responsible for the preparation of coffee, * responsible for cleaning duties, * discover customer needs and appropriately suggest products with every customer to enhance service and meet sales goals, * Demonstrate the Just Say Yes behavior by taking care of customer needs, * Take responsibility to learn all aspects of the store personnel position, * are responsible for self-initiated learning, * enter purchases into cash register to calculate total purchase price, * accept cash payments, * count money, give change and issue receipt for funds received, * maintain sufficient amounts of change in cash drawer. * Keep register area neat and stocked with necessary supplies, * are responsible for inventory count, and * summarize daily sales and expense activities. C. Accountant * reports all financial matters to the owners, * prepares the business financial statements, * maintains of transaction records and the books of the firm, * manages the financial account of the business, * prepares the payroll. D. Proponents * oversee all work flow of the establishment, * Whenever the stall manager is not present, one of the proponents will be doing the after work inventory of sales. 2. 3 Organizational Chart Kofilicious adapted the line and staff organization that provides supplementing arms between the different levels of management. This type of organization is effective for good communication from top management to lower management. This form of organization is simple but helps avoid several organizational problems. FIGURE 1 Organizational chart STALL MANAGER Accountant STORE PERSONNEL 2. 3. 1 Proposed Rate of Salary Store personnel will be compensated on the number of hours and days of work they have ended. All employees will receive their salaries and wages every two (2) weeks. 2. 3. 2 Mode of Payment Payment of salaries and wages will be in the form of cash. Payment to be made twice in a month will be received by the employee on or before the 15th and 30th day of the month. 2. 4 Proposed Business Policies and Programs Be pleasant. Employees must wear a smile at all times. It should be part of daily operation. Be attentive. Employees must listen to every request made by the customers. Employees should exercise respect with customers at all times. Be patient. Employees must be patient in dealing with customers. They must exercise patience in order to please customers. Be accurate. Employees must give exact change at all times; make sure that accuracy is not only extended as to money matters, but in rendering service as well. The order is to be received correctly; the order is always to be repeated to the customer. Be loyal. Employees should give a loyal and honest service to the customer. Be observant. Employees must make it a habit to be on the lookout for little errors in service; and correct this in time. Be prompt. Employees must report for the duty promptly, and remain until relieved or until the manager has arranged for someone else to cover the work. Be clean. Employees must have a neat and clean appearance while on duty. Uniforms should be complete and in good order, properly buttoned and without spots or tear. They should observe proper hygiene daily. Management will not allow flashy jewelry, and excessive use of cosmetics. 2. 4. 1 Store Policies 1. The opening of the store is at 9:00 AM, exactly one hour before the actual opening of the mall, closing is at 10 in the evening. 2. All utensils used must be properly cleaned and sanitized after the operation, including the utility towels. 3. The crew should always wear their respective uniforms, caps, hairnet, and the nameplates provided by the company. 4. When the customer orders a product, the customer should be entertained and served in accordance with the span of time of making a blended coffee. 2. 4. 2 Uniforms All employees are required to wear their uniforms during working hours. The uniforms will be charged to the employee’s salary. The store uniform includes the following. a. Store shirt b. Pants c. Hairnet d. Cap and nameplate e. White socks and white clog shoes. 2. 4. 3 Attendance and Absences The company employs the strict observance on the attendance and absences of the employees or the following: 1. â€Å"No work, no pay policy† is strictly implemented. 2. Employees must work within the required hours and even during holidays, if necessary. 3. There will be a logbook and time card to have a record of the employees’ attendance. 4. Employees who intend to absent should inform the manager three hours prior to opening. 5. Employees who are absent for a day without any notice or permission to or from his/her manager are subject to: a. 1st offense- verbal warning b. 2nd offense- three-day suspension c. 3rd offense- six-day suspension d. 4th offense- discharge 6. Employees must be on time. A 15-minute grace period is allowed. Store hours will open at 10:00 a. m. as previously mentioned, but personnel are expected to be at the workplace one hour before opening time. 7. There will be a one-hour break per personnel, but this must be alternately done, that is, one personnel takes break, and the other one will be in-charge of the store, and vice versa 8. There is a one day-off, but it must be assigned and plotted by the manager. 2. 5 Proposed Management Style and Practices. The proponents will manage and supervise the operation of the business with the help of other people as their employees, and agreed to implement situational style of management in the supervision and operation in running the business. Considering the workers are one of the most valuable assets on our business, they must be treated fairly and with respect for them to work efficiently, effectively and productively. 2. 5. 1 Vision Kofilicious is committed to excellence. The partners are dedicated to offer not only the quantity but the quality of the proponents’ product, and the unparalleled service and love rendered to the people. 2. 5. 2 Mission To make Kofilicious a premium coffee house and to be competitive in coffee industry and its market. To be known through an excellent quality of coffee at affordable price with a strong reputation and consistent high growth in sales and profit. CHAPTER 3 MARKETING FEASIBILITY Coffee drinkers in the Philippines are among the most demanding ones. They favor well-brewed coffee drinks and demand great service. Kofilicous will strive to build a loyal customer base by offering a great tasting coffee located close to LRT Station. Our market research shows that 80% are the customer groups that are most likely to buy coffee. Since coffee consumption is universal, proximity to area of Walter Mart will provide access to the targeted customer. 3. 1 Market Description One of the major assumptions of this study is that the product can be patronized by all target market, since the proposed business is only small in scale. The target market population that the project covers is defined as the total estimate of people visiting the mall yearly. Since these people visit the mall and are free to go to any place at the mall, including the location of the project; all these people are potential customers. 3. 2 Demand. The computed demand was based from the survey the proponents conducted. The demand for the past five years and the projected five years are as follows: The survey showed that 80% of the respondents drink the traditional coffee. The respondents were also asked how frequent they drink coffee (given choice every day, once a week, twice a week). Respondents who chose â€Å"everyday† comprised 10% of the total subjects, â€Å"twice a week† comprised 30%, and â€Å"once a week† comprised 48%. The remaining 12% drink coffee for a frequency of â€Å"thrice a week to six times a week† – almost every day. This table illustrates the estimated demand for the product as defined by the percentages shown by the survey and the estimated population for the past five years Table 2 Frequency of Customer Demand for Possible Purchase Year| Total population| Interested to buy (80%) | Drinks coffee everyday(10%)| Once aWeek(48%)| Twice aWeek(30%)| Thrice to sixa week(12%)| 2011| 7,786| 6,229| 622| 2,990| 1,869| 747| The proponents conducted a survey at Walter Mart, North EDSA, Quezon City. This survey helped the proponents to know the number of respondents, target market and the total demand for coffee that the proponents need in the project. Based on 100 survey sheets that the proponents distributed, 80% of those people are willing to buy the product and 20% are those who are not willing to drink coffee. 3. 2. 1 Historical Demand Year| Total population| Interested to buy (80%)| Drinks coffee everyday(10%)| Once a week(48%)| Twice a week(30%)| Thrice a week(12%)| | | | | | | | 2007| 7,218| 5,774| 577| 2,772| 1,732| 692| 2008| 7,354| 5,883| 588| 2,824| 1,765| 705| 2009| 7,495| 5,996| 599| 2,878| 1,799| 719| 2010| 7,639| 6,111| 611| 2,933| 1,833| 733| 2011| 7,786| 6,229| 622| 2,990| 1,869| 747|. Year| Interested to buy(80%)| Total Demand(Annual)| 2007| 7,218| 607,004| 2008| 7,354| 618,441| 2009| 7,495| 630,299| 2010| 7,639| 642,409| 2011| 7,786| 654,771| Year| Total population| Interested to buy (80%)| Drinks coffee daily(10%)| Once a week(48%)| Twice a week(30%)| Thrice a week(12%)| Total Demand(Annual)| 2012| 7,935| 6,348| 634| 3,047| 1,904| 761| 667,301| 2013| 8,087| 6,470| 646| 3,105| 1,941| 776| 680,084| 2014| 8,242| 6,594| 659| 3,165| 1,978| 791| 693,119| 2015| 8,400| 6,720| 672| 3,226| 2,016| 806| 706,406| 2016| 8,561| 6,849| 684| 3,287| 2,055| 821| 719,945| 3. 2. 2 Projected Demand The Statistical straight line method was used to obtain the projected demand and based on the computed projection values, the proponents’ assessment is that there is a growing demand for coffee for the next five years. 3. 3 Supply Supply is the quality of goods that sellers are willing to sell out of given prices at a particular time and place. 3. 3. 1 Historical Supply The coffee may have a fixed price that could bring profile to the proponents or they have to sell it at whatever price it will fetch depending on the packaging. It is unlikely, however that they will continue to supply it if the price remain below the required amount to cover the cost and give the least profit. Competitors| Quantity sold per day | Zagu| 80| Coffee Break| 45| Tea Zone| 60| Competitors| Quantity sold per day in pcs. | Operating days| Total Supply| Zagu| 80| 360| 28,800| Coffee Break| 45| 360| 16,200| Tea Zone| 60| 360| 21,600| Annual Supply| | | 66,600| 3. 3. 2 Historical Supply Year| Competitor| Quantity sold/day in pcs| Operating days| Total Supply| 2007| -| -| 360| | 2008| -| -| 360| | 2009| 3| 179| 360| 193,320| 2010| 3| 182| 360| 196,560| 2011| 3| 185| 360| 199,800|. 3. 3. 3 Projected Supply Year| Competitor| Quantity sold/day in pieces| Operating days| Total Supply| 2012| 3| 188| 360| 203,040| 2013| 3| 191| 360| 206,280| 2014| 3| 194| 360| 209,520| 2015| 3| 197| 360| 212,760| 2016| 3| 200| 360| 216,000| 3. 4 Demand Supply Analysis 3. 4. 1 Historical Demand Supply Gap Year| Demand| Supply| DS Gap| % Unsatisfied| 2007| 607,004| -| 7,218| 100%| 2008| 618,441| -| 7,354| 100%| 2009| 630,299| 193,320| 436,979| 69%| 2010| 642,409| 196,560| 445,849| 69%| 2011| 654,771| 199,800| 454,971| 69%| Year| Demand| Supply| DS Gap| % Unsatisfied| 2012| 667,301| 203,040| 464,261| 69%|. 2013| 680,084| 206,280| 473,804| 69%| 2014| 693,119| 209,520| 483,599| 69%| 2015| 706,406| 212,760| 493,646| 69%| 2016| 719,945| 216,000| 503,945| 70%| 3. 4. 2 Projected Demand Supply Gap 3. 5 Proposed Marketing Practices Marketing practices include the practices that affect the relationship between the wholesaler, distributor, manufacturer and the retailer. 3. 6 Proposed Marketing Program and Strategy Kofilicious main purpose is to satisfy customers’ needs specifically on their taste preference, and to provide quality and friendly service. In order to achieve the business mission, the proponents constructed different strategies. Marketing mix elements are price, place, product and promotion. A. Price Price is the one that creates sales revenues. The pricing strategy of Kofilicious is set to determine if the market is capable of purchasing. The product having affordable prices is a must. A buffer of 10% and a mark up 40% were added to the Total Food Cost to get the selling price. B. Place Proponents proposed project will be located inside Walter Mart North EDSA, this site is chosen in order to capture the target market. Walter Mart is known for being one of the most visited mall in the country. C. Product. This refers to tangible service. The brand name has a connection to the product, and in sense, customers will hopefully be back for more. There will be a variety of products for the customers to choose from to satisfy their wants and needs. Below are the following nutrition facts of each coffee blend: Cafe Vanilla Frappuccino Calories 270| Calories from Fat 100| Total Fat 11g| | Saturated Fat 7g| | Calories 220| Calories from Fat 25| Total Fat 2. 5g| | Cholesterol 10mg| | Total Carbohydrate 48g| | Sugars 46g| Protein 3g| Vitamin A 2%| | Mocha Frappuccino Trans Fat 0g| Cholesterol 35mg| Sodium 150mg|. Total Carbohydrate 42g| Dietary Fiber 0g| Sugars 40g| Protein 4g| Vitamin A 8%Iron 4%Ricoa’s ChocolateCalories 290 Calories from fat 190 % Daily valueTotal Fat 13g 20%Saturated Fat 7g 35%Cholesterol 45mg 15%Sodium 115mg 5%Total Carbohydrates 39mg 13%Sugars 32gProtein 11gVitamin A 15%Calcium 35%Iron 15%Caffe LatteCalories 150 Calories from fat 50 % Daily valueTotal Fat 6g 9%Saturated Fat 3. 5g 18%Cholesterol 25mg 8%Sodium 115mg 5%Total Carbohydrates 14g 5%Sugars 13gProtein 10gVitamin A 10%Calcium 35%Caramel MacchiatoCalories 180 Calories from fat 45 % Daily valueTotal Fat 5g 8%Saturated Fat 3. 5g 18%Cholesterol 20mg 7%Sodium 100mg 4%Total Carbohydrates 25g 9%Sugars 23gProtein 8gVitamin A 10%Calcium 35%| D. Promotion| One of the Marketing Promotion tools used are tarpaulin, flyers and discount stubs. For the opening of the store there are 50 pcs. discount cards to be distributed, the stall will also distribute of 100 pcs. flyers and will post a tarpaulin besides the stall for the consumer to have the idea what products are being offered. (3. 7 Project Sales, see page 79) CHAPTER 4 Technical/Production Production is a major step in the series of economic process that brings goods and services to people. Producing a product that would cater to high level of customers satisfaction is one of the requirements for the proponents to cope with today’s successful companies. In this part, the proponents will discuss the production flow chart, project site, layouts and production schedule, facilities, floor plan, machine and equipment, utilities and raw materials. 4. 1 Product Description Kofilicious will serve different flavors. Every product is composed of different ingredients. The proponents decided to make a unique blend of coffee to satisfy the customers. These product items and ingredient are as follows: Vanilla Cappuccino. ? c Fresh Milk 2 tsp. Sugar 1 tsp. Vanilla Syrup 2 T Coffee 1 tsp. Cinnamon 2 T Whipped Cream ? c Ice Cubes Mocha Frappuccino ? cFresh Milk 2 TRegular Coffee 2 TWhipped Cream 2 oz. Milk Magic Chocolate 3 TSugar 1 cIce Cubes Ricoa’s Chocolate Drink ? cFresh Milk 120 gRicoa’s Cocoa 3 TSugar 1 tsp. Vanilla Extract 1 cIce Cubes 2 TWhipped Cream Cafe Latte 1 oz. Espresso, brewed 1 oz. Condensed Milk 1cIce Cubes 1 tsp. Cinnamon 2 TWhipped Cream Caramel Latte Macchiato ? cSteamed Milk 1 tsp. Vanilla Syrup 1 oz. Espresso, brewed 1 TCaramel Syrup 2 T Whipped Cream 1 cIce Cubes 4. 2 Production Process. Production process starts with cleaning of the section. Then begin for preparation of the ingredients, followed by the setting of equipment, measuring ingredients, inspection of quality and then storing the ingredients. Vanilla Cappuccino 1. In a blender, put the fresh milk, sugar, vanilla syrup, and coffee. 2. Blend it for a second just to mix all the ingredients. 3. Then add the ice cubes and blend. 4. Put in a cup, top with whipped cream, cinnamon and your choice of toppings (either wafer or wafer stick). Mocha Frappuccino 1. Put the fresh milk, regular coffee, milk magic chocolate and sugar in a blender. 2. Blend it for a second just to mix all the ingredients. 3. Then add the ice cubes then blend. 4. Put in a cup and top with whipped cream and choice of toppings (either wafer or wafer stick). Ricoa’s Chocolate Drink 1. In a blender, put the fresh milk, ricoa’s cocoa, sugar and vanilla extract. 2. Blend it for a second just to mix all the ingredients. 3. Then add the ice cubes and blend. 4. Put in a cup and top with whipped cream and choice of toppings (either wafer or wafer stick). Cafe Latte 1. Put the brewed espresso and condensed milk. 2. Blend it for a second just to mix all the ingredients. 3. Then add the ice cubes and blend. 4. Put in a cup and top with whipped cream, cinnamon and choice of toppings (either wafer or stick-o). Caramel Latte Macchiato 1. In a blender, put the steamed milk, vanilla syrup, brewed espresso, and caramel syrup. 2. Blend it for a second just to mix all the ingredients. 3. Then put the ice cubes and blend. 4. Put in a cup and top with whipped cream and choice of toppings (either wafer or wafer stick). 4. 3 Flow Diagram Operation A production process can be defined as any activity that increase the similarity between the pattern of demand-goods, the quantity form and the distribution of these goods available to the market place. LEGEND * Operation * Transportation 4. 3. 1 Production Process 1. Cleaning the area 2. Setting of the equipment 3. Preparing of the ingredients 4. Mixing the ingredients 5. Presentation 6. Serving 4. 3. 2 Service Flow Customer Kofilicious Personnel 4. 4 Materials Handling Design The materials requested for the daily operation of the business will be purchased by the proponents every week. One of the staff will inspect the process of production. The store will be using FIFO or First- In First Out as its inventory method. Materials are kept in safe and secured storage. 4. 5 Project Site The project is located inside Walter Mart, North EDSA, Quezon City. The project site has a total area of 3 meters by 2 meters. The site was chosen because the business is located near public and private offices and residences. 4. 6 Project Layout The food stand is about 8ft. in height, 4 ft. length and 3ft. in width. For the proponents the area is big enough to meet the production and selling operation of the business, the storage and other equipment could still be accommodated in the proposed area. 4. 7 Plant Size and Production Schedule The proponents chose the proposed business at the first level of Walter Mart, North EDSA Quezon City with a floor area of 3 meters by 2 meters. Table – Personnel Schedule: | Stall Manager| Store Personnel (1)| Store Personnel (2)| Monday| 10:00 a. m -7:00 p. m| 08:00 a. m -04:00 p. m| | Tuesday| 10:00 a. m -7:00 p. m| 10:00 a. m -7:00 p. m| OFF| Wednesday| OFF| 10:00 a. m -7:00 p. m| 10:00 a. m -7:00 p. m| Thursday| 10:00 a. m -7:00 p. m| OFF| 10:00 a. m -7:00 p. m| Friday| OFF| 10:00 a. m -7:00 p. m| 10:00 a. m -7:00 p. m| Saturday| 10:00 a. m -7:00 p. m| 10:00 a. m -7:00 p. m| 10:00 a. m -7:00 p.m| Sunday| 10:00 a. m -7:00 p. m| 10:00 a. m -7:00 p. m| 10:00 a. m -7:00 p. m| 4. 8. Floor Plan The stall has a total area of 3 by 2 meters which will have the operation area and the product display area. It has enough space for three personnel. The lease term is two months in advance and one month deposit. 4. 9 Utilities As for utilities, water supplied by Maynilad and electricity from Meralco will be included in the rental fee. The business will be charged Php 30,000. 00 every month with a 10% increase on rent per year. 4. 10 Coffee Materials Vanilla Cappuccino (8oz/240ml) Quantity| Ingredients| Wt. in g/ml| Product Cost| Unit Cost| Food Cost| ? c| Fresh Milk| 60 ml| P 62. 15/1000 ml| 0. 06| P 3. 60| 2 tsp. | Sugar| 10 g| P54. 00/1000 g| 0. 054| P 0. 54| 1 tsp. | Vanilla Syrup| 5 ml| P 10. 00/30 ml| 0. 33| P 1. 65| 1 tsp. | Coffee, strong| 5 g| P 66. 95/100 g| 0. 67| P 3. 35| 1 tsp. | Cinnamon| 5 g| P 38. 35/30 g| 1. 28| P 6. 40| 1 T| Whipped Cream| 15 ml| P 43. 20/250 ml| 0. 17| P 2. 55| ? c| Ice Cubes| 120 g| P 5. 00/1000g| 0. 005| 0. 60| Total Food Cost P 18. 69 +10% Buffer P 1. 87 Total cost P 20. 56 Mark-up 40% P 8. 22 Selling Price P 28. 78 or P 29. 00 Profit P 10. 00 Vanilla Cappuccino (12 oz./360ml). Quantity| Ingredients| Wt. in g/ml| Product Cost| Unit Cost| Food Cost| ? c| Fresh Milk| 120 ml| P 62. 15/ 1000ml| 0. 06| P 7. 20| 3 tsp. | Sugar| 15 g| P 54. 00/1000g| 0. 054| P 0. 81| 2 tsp. | Vanilla Syrup| 10 ml| P 10. 00/30 ml| 0. 33| P 3. 30| 2 tsp. | Coffee, strong| 10 g| P 66. 95/100 g| 0. 67| P 6. 70| 1 tsp. | Cinnamon| 5 g| P 38. 35/30 g| 1. 28| P 6. 40| 2 T| Whipped Cream| 30 ml| P 43. 20/250 ml| 0. 17| P 5. 10| ? c| Ice Cubes| 180 g| P 5. 00/1000 g| 0. 005| P 0. 90| Total Food Cost P 30. 41 +10% Buffer P 3. 04 Total cost P 33. 45 Mark-up 40% P 13. 38 Selling Price P 46. 83 or P 47. 00 Profit P 16. 00 Mocha Frappuccino (8 oz. /240 ml) Quantity| Ingredients| Wt. in g/ml| Product Cost| Unit cost| Food Cost| ? c| Fresh Milk| 60 ml| P 62. 15/1000 ml| 0. 06| P 3. 60| 1 tsp. | Coffee, strong| 5 g| P 66. 95/100 g| 0. 67| P 3. 35| 1 T| Whipped Cream| 15 ml| P 43. 20/250 ml| 0. 17| P 2. 55| 1 oz. | Milk Magic Chocolate| 30 ml| P62. 15/1000 ml| 0. 06| P 1. 80| 2 tsp. | Sugar| 10 g| P 54. 00/1000 g| 0. 054| P 0. 54| ? c| Ice Cubes| 120 g| P 5. 00/1000 | 0. 005| P 0. 60| Total Food Cost P 12. 44 +10% Buffer P 1. 24 Total cost P 13. 68 Mark-up 40% P 5. 47 Selling Price P 19. 15 or P 20. 00. Profit P 7. 00 Mocha Frappuccino (12 Oz. /360 ml) Quantity| Ingredients| Wt. in g/ml| Product cost| Unit cost| Food cost| ? c| Fresh Milk| 120 ml| P 62. 15/1000 ml| 0. 06| P 7. 20| 2 tsp. | Coffee, strong| 10 g| P 66. 95/100 g| 0. 67| P 6. 70| 2 T| Whipped Cream| 30 ml| P 43. 20/250 ml| 0. 17| P 5. 10| 2 oz. | Milk Magic Chocolate| 60 ml| P 62. 15/1000 ml| 0. 06| P 3. 60| 3 tsp. | Sugar| 15 g| P 54. 00/1000 g| 0. 054| P 0. 81| ? c| Ice Cubes| 180 g| P 5. 00/1000 g| 0. 005| P 0. 90| Total Food Cost P 24. 31 +10% Buffer P 2. 43 Total cost P 26. 74 Mark-up 40% P 10. 70 Selling Price P 37. 44 or P 38. 00 Profit P 13. 00 Ricoa’s Chocolate drink (8oz. /240 ml) Quantity| Ingredients| Wt. in g/ml| Product cost| Unit cost| Food cost| ? c| Fresh Milk| 60 ml| P 62. 15/1000 ml| 0. 06| P 3. 60| 60 g| Ricoa’s Cocoa| 60 g| P 52. 85/200 g| 0. 26| P 15. 60| 2 tsp. | Sugar| 10 g| P 54. 00/1000 g| 0. 054| P 0. 54| 1 tsp. | Vanilla Extract| 5 ml| P 10. 00/30 ml| 0. 33| P 1. 65| ? c| Ice Cubes| 120 g| P 5. 00/1000 g| 0. 005| P 0. 60| 1 T| Whipped Cream| 15 ml| P 43. 20/250 ml| 0. 17| P 2. 55| Total Food Cost P 24. 54 +10% Buffer P 2. 45 Total cost P 26. 99 Mark-up 40% P 10. 80 Selling Price P 37. 79 or P 38. 00. Profit P 13. 00 Ricoa’s Chocolate drink (12 oz. /360 ml) Quantity| Ingredients| Wt. in g/ml| Product cost| Unit cost| Food cost| ? c| Fresh Milk| 120 ml| P 62. 15/1000 ml| 0. 06| P 7. 20| 80 g| Ricoa’s Cocoa| 80 g| P 52. 85/200 g| 0. 26| P 20. 80| 3 tsp. | Sugar| 15 g| P 54. 00/1000 g| 0. 054| P 0. 81| 1 tsp. | Vanilla extract| 5 ml| P 10. 00/30 ml| 0. 33| P 1. 65| ? c| Ice cubes| 180 g| P 5. 00/1000 g| 0. 005| P 0. 90| 2 T| Whipped Cream| 30 ml| P 43. 20/250 ml| 0. 17| P 5. 10| Total Food Cost P 36. 46 +10% Buffer P 3. 65 Total cost P 40. 11 Mark-up 40% P 16. 04 Selling Price P 56. 15 or P 57. 00 Profit P 20. 00 Cafe Latte (8oz. /240 ml) Quantity| Ingredients| Wt. in g/ml| Product cost| Unit cost| Food cost| 10 ml| Espresso ,brewed| 10 ml| P 60. 00/60 ml| 1| P 10. 00| ? oz. | Condensed Milk| 15 ml| P 30. 75/300 ml| 0. 10| P 1. 50| ? c| Ice cubes| 120 g| P 5. 00/1000 g| 0. 005| P 0. 60| 1 tsp. | Cinnamon| 5 g| P 38. 35/30 g| 1. 28| P 6. 40| 1 T| Whipped cream| 15 ml| P 43. 20/250 ml| 0. 17| P 2. 55| Total Food Cost P 21. 05 +10% Buffer P 2. 11 Total cost P 23. 16 Mark-up 40% P 9. 26 Selling Price P 32. 42 or P 33. 00 Profit P 11. 00 Cafe Latte (12 oz. /360 ml) Quantity| Ingredients| Wt. in g/ml| ProductCost| Unit cost| Food cost| 15 ml| Espresso, brewed| 15 ml| P 60. 00/60 ml| 1| P 15. 00| 20 ml| Condensed milk| 20 ml| P 30. 75/300 ml| 0. 10| P 2. 00| ? c| Ice cubes| 180 g| P 5. 00/1000 g| 0. 005| P 0. 90| 1 tsp. | Cinnamon| 5 g| P 38. 35/30 g| 1. 28| P 6. 40| 2 T| Whipped Cream| 30 ml| P 43. 20/250 ml| 0. 17| P 5. 10| Total Food Cost P 29. 40 +10% Buffer P 2. 94 Total cost P 32. 34 Mark-up 40% P 12. 94 Selling Price P 45. 28 or P 46. 00 Profit P 16. 00 Caramel Latte Macchiato (8 OZ. /240 ml) Quantity| Ingredients| Wt. in g/ml| Product Cost| Unit Cost| Food Cost| ? c| Steamed Milk| 60 ml| P 61. 80/1000 ml| 0. 06| P 3. 60| 1 tsp. | Vanilla Syrup| 5 ml| P 10. 00/30 ml| 0. 33| P 1. 65| 10 ml| Espresso, brewed| 10 ml| P 60. 00/60 ml| 1| P 10| 2 tsp. | Caramel syrup| 10 ml| P 59. 15/120 ml| 0. 43| P 4. 30| 1 T| Whipped cream| 15 ml| P 43. 20/250 ml| 0. 17| P 2. 55| ? c| Ice cubes| 120 g| P 5. 00/1000 g| 0. 005| 0. 60| Total Food Cost P 26. 30 +10% Buffer P 2. 63 Total cost P 28. 93 Selling Price P 40. 50 or P 41. 00 Profit P 14. 00 Caramel Latte Macchiato (12 oz. / 360 ml) Quantity| Ingredients| Wt. in g/ml| Product Cost| Unit Cost| Food Cost| ? c| Steamed milk| 120 ml| P 61. 80/1000 ml| 0. 06| P 7. 20| 1 tsp. | Vanilla syrup| 5 ml| P 10. 00/30 ml| 0. 33| P 1. 65| 15 ml| Espresso, brewed| 15 ml| P 60. 00/60 ml| 1| P 15. 00| 3 tsp. | Caramel syrup| 15 ml| P 59. 15/120 ml| 0. 43| P 6. 45| 2 T| Whipped cream| 30 ml| P 43. 20/250 ml| 0. 17| P 5. 10| ? c| Ice Cubes| 180 g| P 5. 00/1000 g| 0. 005| P 0. 90| Total food Cost P 36. 30 +10% Buffer P 3. 63 Total cost P 39. 93 Mark-up 40% P 15. 97 Selling Price P 55. 90 or P 56. 00 Profit P 19. 00 Costs for packaging Materials| Product Price| Plastic Cups (8 oz. )| P 47. 50/50 pcs. | Plastic Cup (12 oz. )| P 51. 50/50 pcs. | Straw| P 75. 00/200 pcs. | Tissue| P 40. 00/bundle| TOTAL:| P 214. 00| 4. 11 Equipment, Kitchen Tools Packaging Requirements Equipment Item| Quantity| Unit Cost| Total Cost| Food Kiosk| 1| P 40,000| P 40,000| Blender| 2| P 1,200| P 2,400| Freezer| 1| P 9,847. 00| P 9,847. 00| Coffee Maker| 1| P 2,100| P2,100| | | Total:| P 54, 347. 00| Kitchen Tools Item| Quantity| Unit Cost| Total Cost| Measuring Cup| 2 set| 60| P 112. 00| Measuring Spoon| 2 set| 80| P 160. 00| Plastic Container| 6| | P150. 00| Kitchen Scissors| 1| P 30. 00| P 30. 00| | | Total:| P 452. 00| Packaging Requirement Item| Quantity| Amount| Total| Plastic cup| 50 pcs. | 0. 60| P 30. 00| Plastic straw| 50 pcs. | 0. 18| P 17. 50| Tissue| 1,000 pcs. | 0. 005| P 50. 00| | | Total:| P 97. 50| 4. 12 Man Power Requirements Manpower Requirement Position| No. | Work load| Basic Rate| Stall Manager| 1| Eight hours a day| Share to the capital| Accountant| 1| Twice a month| 1,500. 00/visit*2/month. Php 3,000. 00| Store Personnel| 2| Eight hours a day| 404/day*26days/month. P 10,504. 00| 4. 13 Wastes and Waste disposal Kofilicous will implement proper ways of disposing solid and liquid wastes. Solid wastes include used cups and plastic straws.

Wednesday, August 21, 2019

Banana as a Natural Superdisintegrant

Banana as a Natural Superdisintegrant The objective of the study was to evaluate banana powder as a superdisintegrant for the formulation of oral disintegrating tablets and to compare the results with commonly used superdisintegrants like croscarmellose sodium, pre gelatinised starch and sodium starch glycolate. Oral disintegrating tablets containing Domperidone as the model drug were formulated using five different concentrations of each superdisintegrant (2%, 4%, 6%, 8% 10%) and compressed by direct compression. The formulations were subjected to various evaluation studies such as wetting time, water absorption ratio, disintegration time and in-vitro dissolution. The results showed that the disintegration time and drug release of the formulation containing banana powder (6%) was comparable to other super disintegrants. The IR spectrum analysis demonstrated that banana powder was compatible with the drug. These results suggest that banana powder can be used effectively as a superdisintegrant in orally disintegrating ta blet formulations. Banana, is a natural product which is available in plenty, economically affordable and has its own nutritional value. It can be used as a potential additive in the formulation of oro -dispersible tablets. Keyword: orodispersible tablets, superdisintegrants, disintegration time, natural excipients. INTRODUCTION The tablet is the widely used dosage form because of its convenience in terms of self-administration, compactness, and ease in manufacturing. For the past one decade, there has been a demand for more patient-friendly and compliant dosage forms. As a result, the development of new technologies has been increasing annually. Since the cost for development new drug molecule is very high, efforts are now being made by pharmaceutical companies to focus on the development of new drug dosage forms for existing drugs with more safety and efficacy together with reduced dosing frequency, and the production of more cost-effective dosage forms. However, geriatric and pediatric patients were having difficulty in swallowing conventional tablets, which leads to poor patient compliance. To overcome this problem, scientists have developed innovative drug delivery systems known as melt in mouth or mouth dissolve (MD) or sometimes dispersible tablets. These are novel types of tablets that disintegrate /disperse in saliva. Their characteristic advantages such as administration without water, lead to suitability for the geriatric and pediatric patients. They are also suitable for the bedridden patients, and patients who do not have easy access to water. The advantages, in terms of patient compliance, rapid onset of action, increased bioavailability (in some instances) and comparable stability to conventional tablets make these tablets popular as a dosage form of choice particularly in these populations. Domperidone maleate is a widely used anti-emetic drug, acting by inhibition of the dopaminergic receptor. Domperidone maleate does not cross the blood brain barrier. Domperidone maleate is also effective in gastro paresis, pediatrics gastro esophageal reflux (infant vomiting). Domperidone maleate after oral dosing undergoes extensive gastric and hepatic first pass metabolism resulting in low bioavailability (15%) which therefore, may not minimize the rate of vomiting. In context of the above principles, a strong need was recognized for the development of mouth dissolving tablets of Domperidone maleate to improve its bioavailability for relief on nausea and vomiting. In mouth dissolving tablets, disintegrants plays a major role. A  disintegrant  is a substance in a tablet formulation that enables the tablet to break up into smaller fragments upon contact with gastrointestinal fluids. Such a rapid rupture of the tablet matrix increases the surface area of the tablet particles, thereby increasing the rate of absorption of the active ingredient and decreasing the onset of time to therapeutic effect. A new disintegrant class has emerged during the recent past known as the Superdisintegrant. Superdisintegrants improve disintegrant efficiency resulting in decreased use levels, typically 1-10% by weight relative to total weight of tablet when compared to traditional disintegrants. The excipients added to the formulation should not only act as formulating agent it also act as good therapeutic agent and also free from toxicity. In the present research work an attempt was made to use banana powder as a superdisintegrant in the formulation of mouth dissolving tablets. Banana powder being a natural substance and rich in nutrition and availability can be an added advantage in using them as a pharmaceutical excipient. MATERIALS AND METHODS Materials Domperidone maleate was a gift from sterling lab (hosur,India) banana powder (self made) croscarmellose sodium (CCS) and sodium starch glycolate (SSG)as pharmaceutical grade was obtained from Loba chem ,mumbai, pre-gelatinised starch (PGS) as pharmaceutical grade was obtained from colorcon, Mumbai ,all other materials used were of suitable analytical grade. Preparation of banana powder: The unriped banana fruit was purchased from the local market. The fruit was cleaned and the peel was removed. Then the pulp was dried and powdered using mixer. The powdered substance was collected and stored in well closed container for further studies. Phase solubility studies: Phase solubility studies was done as per the method reported by (K.Venkates et.al,2009)2.Drug and superdisintegrant as per specified ratio (1:1,1:2,1:3,1:4,1:5) were weighed accurately and added to 25ml of water in screw capped bottles. All the bottles were shaken in Remi orbital incubator shaker at 370c with 100rpm for 24 hr. The container with drug and water was used as control. After 24 hr the solution was filtered using whatman filter paper (0.45 microns) .Then the filtrate was analyzed at wavelength of 284nm using Systronics TM double beam spectrophotometer. From the absorbance the solubility of drug was calculated. Compatibility studies: The compatibility study of drug with excipients was done using IR spectroscopy. The drug and the excipients were mixed in a ratio of 1:1 and stored in glass vials at 40 °C/75% RH for 30days. At the end of 30 days samples were withdrawn from each vial and the IR spectrum for those samples were taken. The samples were prepared by pressed pellet technique. The IR spectras was determined using JASCO FT/IR-4100 (3-4).16 scans were taken for each sample. The scanning range was between 4000-400 cm-1. The IR spectra of pure drug and pure excipients were compared to that of the mixture of drug and excipients and any interaction were analyzed. Microbial load for banana powder: Pour plate method was used to cultivate 1ml of banana powder solution with distilled water on muller Hilton agar medium for enumeration of bacteria and sarboured dextrose agar medium for fungi. The plate was incubated at 370c for 24 hours for bacteria while fungi plates were incubated at 270c for 72 hrs (3-6). At the end of the incubation period, the bacterial and fungal colonies formed were counted. Sterilized banana powder solution was taken as control. Swelling index: Swelling index was defined as the volume in milliliters occupied by 1 gram of superdisintegrant powder including any adhering mucilage, after it had swollen in water for 4 hour. The swelling index of the superdisintegrant was performed according to the (BP, 2007) method (7-9). In a 25ml ground- glass stoppered cyclinder graduated over a height of 125 ±5 mm in 0.5 ml divisions. About 25ml of water was added and shaken vigorously every 10 min for 1 hour and then allowed to stand for 3 hours. The volume occupied by the superdisintegrating agent including adhering mucilage was measured. The swelling index was calculated from the mean of three determinations. Pre-compression studies: All materials were mixed as per the composition shown in table1 and passed through 60 mesh sieve. The pre-compression studies (10-11) were done as follows. Bulk density: It is the ratio of total mass of powder to the bulk volume of powder. It was measured by Pouring the weight powder (passed through standard sieve # 60) into a measuring cylinder and initial weight was noted. The initial volume is called the bulk volume. From this the bulk density is calculated according to the formula. It is expressed in g/ml and the equation was given by Bulk density= mass/bulk volume (1) Tapped density: It is the ratio of total mass of the powder to the tapped volume of the powder. Volume was Measured by tapping the powder for 750 times and the tapped volume was noted if the difference between these two volumes is less than 2%. If it is more than 2%, tapping is continued for 1250 times and tapped volume was noted. Tapping was continued until the difference between successive volumes is less than 2 % (in a bulk density apparatus). It is expressed in g/ml and the equation was given by Tapped density= mass/ tapped volume. (2) Carrs index (or) % compressibility: It indicates powder flow properties. It is expressed in percentage and is given as Carrs index =Tapped density-Bulk density/Tapped density (3) Hausner ratio: Hausner ratio is an indirect index of ease of powder flow. It is calculated by the formula given below. Hausner ratio= Tapped density/bulk density (4) Lower hausner ratio (1.25). Preparation of tablet: All the materials were passed through 60 # screens prior to mixing. Domperidone maleate, Croscarmellose sodium (CCS), Sodium Starch Glycolate (SSG), Pre-gelatinised starch (PGS),Banana powder, Microcrystalline cellulose (MCC),Neotame (nutrasweet), Mannitol (DC) , Talc, Magnesium stereate and flavour ( pharmaceutical grade) were mixed using a glass mortar and pestle. The formulation without superdisintegrant was prepared and used as control. All the materials were directly compressed into tablets using concave face round tooling on a Rimek- rotary tablet machine at 12 rpm . The composition of the batches is shown in Table 1. INGREDIENTS Evaluation of tablet: Tablet hardness: The hardness of the tablet was determined by using Tab machine hardness tester. Weight variation: Twenty tablets were selected randomly from each formulation and weighed individually using a Shimadzu digital balance (BL-220H). The individual weight was compared with the average weight for the weight variation. Friability test: The friability of the tablets was measured in a Friability apparatus (Camp-bell Electronics, Mumbai). Tablets of a known weight (W0) or a sample of 20 tablets are dedusted in a drum for a fixed time (100 revolutions) and weighed (W) again. Percentage friability for each formulation was calculated from the loss in weight as given in equation below. Determination was made in triplicate. % Friability = W0â‚ ¬Ã¢â‚¬â„¢WÃÆ'-100/ W0 (5) Wetting time: A piece of tissue paper folded twice was placed in a small petridish (internal diameter = 6.5 cm) containing 6 ml of simulated saliva pH (phosphate buffer pH 6.8). A tablet was placed on the paper, and the time required for complete wetting was measured visually. Six measurements were performed for each batch (Nitin Jonwal et al, 2010). Water absorption time: A piece of tissue paper folded twice was placed in a small petridish (Internal Diameter = 6.5 cm) which containing 6 ml of phosphate buffer (pH6.8). A tablet was placed on the paper and the time required for complete wetting was then measured (Nitin Jonwal et al, 2010). The water absorption ratio (R) for the each formulation was determined using the following Equation. Water absorption ratio (R) =Waâ‚ ¬Ã¢â‚¬â„¢ Wb ÃÆ'-100 / wb (6) Where, Wb is the weight of the tablet before water absorption and Wa is the weight of the tablet after water absorption. Disintegration test: Disintegration test was done by using disintegration apparatus (camp-bell electronics, Mumbai)with distilled water as disintegration media at 370c and the time in second taken for complete disintegration of tablet with no palpable mass in the apparatus was noted visually (Nitin Jonwal et al,2010). In-vitro dissolution study: The release study was performed using (Tab machine) six stage dissolution rate apparatus (BP/IP/USP) paddle type with 900ml of 0.1N HCL (PH=1.2) as dissolution medium at 370c and 50rpm. The sample10ml was withdrawn with the time interval of 1, 2, 3, 4, 5, 10, 15, 20,25and 30 min. The volume of withdrawn sample was replaced with 10ml 0.1N HCL. The sample was filtered. Absorbance of the sample was measured using PC Based double beam spectrophotometer. The cumulative release was measured using equation obtained from standard curve. The regression co efficient of the standard was R2= 0.9997. RESULTS AND DISCUSSION: Phase solubility studies: The phase solubility studies was done as per the method reported by K .Venkates etal2.The solubility of drug was determined by increasing the concentration of superdisintegrant by specified ratio (1:1,1:2,1:3,1:4,1:5). The pure drug had a solubility of 0.2mg/ml whereas the solubility of the drug with added superdisintegrants showed a value of about 0.44 to 1.1mg/ml for CCS, 0.46 to 1.21mg/ml for SSG, 0.34 to 0.46mg/ml for PGS and 0.8 to 2.7mg/ml for banana powder. The above results suggested that on increasing concentration of the superdisintegrants the solubility of the pure drug tends to increase. Of the four superdistegrants used, banana powder showed the maximum increase in solubility of the drug. Compatibility studies: The drug excipient compatibility study was done by using JASCO FT/IR spectrometer. The IR spectra for pure drug, excipients and drug-excipient mixture were shown in Figure1. The pure drug showed characteristic absorption bands at 3127.97 (Aromatic CH stretching), 1487.81 (C=C ring stretching), 1147.44 (CH2 Alkane bending), 928.557 (RCH=CH2), 891,866,833 (Para substituted benzene) and the formulation shows characteristic absorption band at 3123.15 (Aromatic CH stretching), 1487.81 (C=C ring stretching), 1147.44 (CH2 Alkane bending), 928.557 (RCH=CH2), 891,865,833 (Para substituted benzene). The spectrum of the drug-excipient mixture was found to be a mere summation of the individual spectrum of the drug and excipients which suggest that there were no interaction between drug and excipients and were compatible with each other. Swelling index: The swelling indeces for the crosscarmellose sodium, sodium starch glycolate , pre-gelatinised starch, banana powder are presented in table3. The values obtained suggest that the swelling index banana powder is comparable to other superdisintegrant. Microbial load: The banana powder was a natural substance and so the microbial load test was done and the results shown that it contains microbial growth of about 253 cfu/gm and fungal growth of about 89 cfu/gm which was under the limit specified by (United state pharmacopoeia,2007) (5). Pre-compression studies: All the materials was mixed as per composition shown in table1.For each designed formulation blend of drug and excipients was prepared and evaluated for micromeritic properties and the obtained results were shown in Table3. The bulk density and tapped density for all formulation was presented in table 3. The hausners ratio and %compressibility index was found to be in the range of 1.14-1.28 and12-22% (Table 3). All formulation shows good blend property for direct compression and hence tablet was prepared by using direct compression technology. The results shows that formulation containing banana powder has better physical properties compare to other formulation (Table 3). Evaluation of tablets: The tablet was prepared by direct compression method as per Table1.The prepared tablets were evaluated for weight variation, hardness, friability, wetting time, water absorption ratio, as shown in Table4. The weight variation was found to be in the range of 248mg-253mg for all formulation .The hardness was found to be in the range of 2-3kg/cm in all formulation indicating good mechanical strength and it has ability to with stand physical and mechanical stress condition while handling. The friability for all formulation was less than 1% as per (British pharmacopoeia, 2007) . The wetting time is closely related to the inner structure of the tablet. This method mimics the action of saliva in contact with the tablet to illustrate the water uptake and subsequent wetting of tablet. This shows the wetting process was very rapid in almost all formulation. This may be due to the ability of swelling followed by breaking and also capacity of water absorption and swelling. The wetting time was found in the range of (Table4). Water absorption which is important criteria for understanding the capacity of disintegrants to swell in the presence of light amount of water was calculated. The tablets showed in the range of 12-100 sec (Table4). This shows all the formulation have good water absorption capacity. The most important parameter that needs to optimize in the development of mouth dissolving tablet is the disintegration time of tablet. In the present study all the formulations disintegrated within 1min. Table 5 give the disintegration time achieved by all the formulation. Four replicates were done. The disintegration time for tablet prepared with banana powder was much lower than the other synthetic superdisintegrants, indicating that banana powder has good disintegrant property (Table 5). Among the synthetic agents CCS was found to be having good disintegrating property than SSG and PGS. This rapid disintegration of banana powder and CCS was due to their rapid capillary activity and pronounced hydration with little tendency to gel formation . The results are in consistent with wetting and water absorption time. Dissolution studies: The drug release studies of the prepared formulations were done as per the method prescribed by British pharmacopoeia. The dissolution profiles of all the formulations were shown in Figure 2-6. It is clearly evident from the obtained data, that the tablet with banana powder as superdisintegrant showed excellent drug release as compared to other agents. It is clear that release of drug has improved considerably in formulation containing banana powder and CCS due to the rapid capillary activity and pronounced hydration with little tendency to gel formation. But the formulation containing SSG and PGS has less dissolution efficiency because it has more tendencies to form gel formation .The batch B3 containing banana powder (6%) and C3 containing CCS (6%) shows good dissolution efficiency and rapid dissolution compare to SSG and PGS. CONCLUSION The present study was aimed at evaluating the disintegrant property of banana powder in the formulation of mouth dissolving tablets. The obtained results clearly demonstrate the ability of banana powder as a superdisintegrant. The disintegration time obtained by tablets with banana powder wascomparable to that obtained with other commonly used disintegrants. Hence it can be used very effectively in the formulation of MDTs. Banana powder being a natural product with abundant availability can be used as a potential pharmaceutical excipient in various solid dosage forms especially in fast release products. The economical and nutritional value of banana powder will be an added advantage of using them in the pharmaceutical formulations.

Tuesday, August 20, 2019

Factors that Influence Buyer Decision for Property

Factors that Influence Buyer Decision for Property CHAPTER 1: INTRODUCTION 1.0 Introduction of Study Nowadays, the demands for houses increase every year. In Malaysia, housing demands include all sorts of houses which are low cost houses, medium cost houses and also high cost houses. All the demands for the houses come from all kind of income groups based on their income. The supply of the houses sometimes over than demands that makes the houses abundant. More challenges of competitive market in these decades because the developers entering the housing market increasing. At the same time, the local and national economic makes the developers to aware and pay attention to the buyers for their needs, satisfaction and preferences. When the developers meet the buyers needs, satisfaction and preferences in delivering the product, this will avoid in abundant of the property. The thesis is about the findings of the research that determines the factors that influence the buyers towards buying the residential property. The buyers that involved in this thesis are chosen from the people that attend new launched project and also the buyer that already bought a house. The findings also come from the observation of the study area and also the market. All the factors that influence buyers in decision-making will be defined and the preferences and satisfaction of the buyers also taking into account. The outcome of this study will help to increase the quality of the property towards the development of new residential property in the market. 1.1 Background of Study The study covers the buyers and also the residential property in Kuching, Sarawak. The demand for houses increased in Kuching caused by the increment of the population in this town. The study can also be the guide towards preparing the residential property based on the preferences and the satisfaction of the buyers. If the residential property build based on the preferences and satisfaction of the buyer, the market will be active and the supply of the houses will meet the requirements of the buyers through this study. The factors that maybe included that influence the buyers in decision making are design, location, developers reputation, facilities within neighborhood, safety and security and the price. The factors that influence the buyer in decision making toward the residential property of each respective buyer is different, so through this study, the factors can be defined. 1.3 Problem Statement This dissertation is to know what are the factors that influence buyer in decision-making for residential property. It is to assure that the preferences and satisfaction of the buyers could be determined. 1.4 Objectives There are two main objectives for this research. They are as follows: To define the factors that influence buyers in decision making for residential property To measure the level of importance of factors that influence buyers in decision-making process. 1.5 Scope of Study The scope of this study is mainly in Kuching which is located in Sarawak. The study will focus on residential property in Kuching Sarawak. The residential properties which are the landed property that involve in this study include the medium cost housing and high cost housing. The landed property that being focused are single storey terrace house, double storey terrace house, single storey semi-detached house, double storey semi-detached house, single storey detached house and double storey detached house. It also concentrated on the buyers in three groups of age between 25 years old to 30 years old, 30 years old to 35 years old and 35 years and above. The three groups are chosen because of the age of 25 years to 30 years is the best age to own the house and the age of 35years and above is the age which they must own the house for living. Besides that, this study also focuses on the group of income in order to determine the level of affordability in buying the property. In this study, the residential property that involves is medium cost housing and high cost housing. So, the income group should be determined. 1.6 Significance of Study The significance of this study is to know the factors that influence the buyers in decision making of residential property in order to make sure that the supply of the property will fulfill the requirement of the buyers in buying the property. It also important to know the preferences of the buyers so that no housing units in the area would be abundant caused by not fulfill their satisfaction. In addition, this study also can be the guidelines and also preparation for the developers in order to build and supply the property to the market and at the same time, the government can take action to avoid the housing development from being abundant. The factors that influence buyers in decision making are also important because it can help to determine the design, the location, the price and also the facilities that needed in the development. 1.7 Methodology of Study In this study, two methods used in order to find the information to lead through the completion of this thesis. The methods are divided into two which is primary data and secondary data. For primary data, the method is by distributing the questionnaires. In distributing the questionnaires, the person to answer the survey are the new buyers, the recent residents and also the visitors at the new launched project and housing exhibition. For secondary data, the method are by manual which come from reading the reference books, journals, papers and also the magazines , by statistics data which can be look at the Department of Statistics of Jabatan Perangkaan Malaysia and Economic Planning Unit and also the data collection from online through websites related to the topic and also the research papers. Through reading, much information can be gathered together for a good and successful outcome in this study. All the materials to be read will be find at main library of Universiti Malaya, library Faculty of Built Environment, National Library, Pustaka Negeri Sarawak and also Perpustakaan Sultanah Zanariah Universiti Teknologi Malaysia. 1.8 Organization of Study CHAPTER 1 Introduction In chapter 1, the introduction includes the background of the study that will be discussed in this thesis. It also shows the problem statement that also can be the hypothesis of this study. The objectives of this study also include in this chapter. Besides that, the introduction also discussed the scope of the study, the significance of study and also the methodology of the study. CHAPTER 2 Literature Review Literature review consists of the strategy of the thesis in order to gain and gather the data of information that are needed in this study. All the data from the articles in the property magazines and books, the journals related to the housing demands and property buyers, the research papers about the related topics, books that include all the information about buying a property and also residential property, magazines that shows the factors influence the buyers in decision making of residential property. CHAPTER 3 Overview the Study Area For this chapter, the overview of the study area will consists of the socio-economy in Kuching which is the location of this study. The socio-economy depends on the population of people in Kuching, the household income, the group of age, the changes in physical environment and others socioeconomic issues. CHAPTER 4 Research Analysis and Findings The research analysis is the analysis of this study from all the information and data that gathered together in order to get the outcome. All the analysis and the findings from this study determines into graphs, charts, tables and also pictures to make this study clear. CHAPTER 5 Research Outcomes and Conclusion In this chapter, all the finding and research analysis will be summarized and the conclusion of this study will be presented. Either than that, the implication of this study are also discussed and the availability of the problem statement whether it can be used or not. CHAPTER 2: LITERATURE REVIEW CHAPTER 2 LITERATURE REVIEW 2.1 Introduction In decision making for residential property, there are several factors that influence the buyers. The factors are divided into categories. The categories are buyers taste and preferences, demographic factors, economic factors and marketing strategy. This thesis will focus on residential property which is the landed property. The landed property consists of property for high income group and middle income group which are terrace house, semi-detached house and detached house. The property categorized according to the supply and demand in the market and also the prices. The location for this housing study will focus in Kuching, Sarawak that have a large population due to Sarawak, the biggest state in Malaysia which have the multiracial including Malay, Chinese, Indian and others. The reason to have this location as the case study is because of the big location with multiracial and can explore the demand and the preferences of the consumers in buying the residential property. 2.2 Definition 2.2.1 Decision- Making Decision-making is an outcome of mental processes. Every decision making process produces a finalchoice wherebythe output can be an action or an opinion of choice which is a continuous process integrated in the interaction with the environment concerned with the logic of decision making and rationality with the invariant choice. Decision making made by the buyer, depends on individuals need, preferences, satisfaction and also their requirement in order to choose the perfect and right choice in buying the property. The decision making influence by various factors. In this study, the objective is to determine the factors that influence buyers in decision making of residential properties. The decision making of every people related to the factors and the way of the people think in order to fulfill the need and satisfaction through the requirement of the property. 2.2.2 Consumer (Buyer) The product which is goods and services that consumes by a person and has the ability to choose between the different suppliers and products. In the other hand, consumer or buyer is a party that requires or agrees to own, acquire and have the benefit in usage for the services that in exchange for money or other consideration under a contract or agreement of sale. The consumer or buyer in this study just focuses on high group income and middle group income. It is because to look towards the choices or need of this income group in their decision making for buying residential property. For lower income group, it just only lead to the affordability in their decision making, so they are not chosen as the respondent in context of buyer for this study. 2.2.3 Consumer Behavior ‘Consumer behavior examines not only consumers action, but also the reasons for those behaviors. On a macro level, marketers are interested in demographic shifts as well as societys values, beliefs and practices that affect how consumers interact with the marketplace. Thus, concepts are drawn from sociology and psychology figure prominently in the study of consumer behavior. (Karen M Gibler and Susan L Nelson, 2003, p.63-64) Consumer behavior is the study of how people behave when obtaining, using, and disposing of products and services or when, why, how, where and what people do or do not to buyproducts.It mixes ofpsychology, social,personal andcultural. It is attempting to understand the buyer decision-making process for both, individually and in groups. The characteristic of individual consumers such asdemographicsand behavioral variables which is in an attempt to understand peoples wants. It also assesses influences on theconsumerfrom groups such as family, friends, reference groups, and society in general. Customer behavior study is based on consumer buying behavior, with the customer playing the three distinct roles of user, payer and buyer. The relationship marketing is being the influential of asset for customer behavior analysis as it become a keen interest in the rediscovery of the true meaning of marketing through the re-affirmation of the importance to the customer or buyer. A greater importance is also placed on consumer retention, customer relationship management, personalization, customization and one-to-one marketing. Social functions can be categorized into social choice and welfare functions. Consumer behavior also can be define as the process and activities which the people engage in when searching for, selecting, purchasing, using, evaluating, and disposing of products and services to satisfy their needs and desires. For cultural, the people will act based on the cultural that usually be the influence in certain places and surrounding. For social, the people will think and act more to socially action that also can be positive and negative. In physiological aspect, it is more to thinking and the personal behavior leads to the decision making. People maybe influence by the way they thinking of. 2.2.4 Marketing Definition of marketing by Institute of Marketing is the management function which organizes and directs all those business activities involved in assessing and converting customer purchasing power into effective demand for a specific production or service to the final customer or user so as to achieve the profit target or other objective set by the company. ‘Marketing is a combination of marketing concept of marketing concept, marketing function and the operational implementation of these functions in the context of the concept. The marketing concept can be most simply explained as a belief that the organization can function in the best interests of its customer and its self where a balance is achieved between the need of both of these parties. (Trustrum, LeslieBernard,1989, p.48). Marketing plan is the marketing strategy by the developer to sell their property to the people so that people will attract to buy the property from them. The advantages of marketing strategy will diverse marketing activities that can be better co-ordinate and can avoid or reduce to a minimum crisis management such as unsold unit and etc. The basis of marketing strategy is 4Ps consist of Product, Price, Place and Promotion. 2.2.5 Developer The coordinators of the activities that converting ideas on the paper to the reality by building the realproperty that encompassing activities range from therenovationand re-leaseof existingbuildings to the purchase of rawlandand the sale of improved parcels to others. Developers usually take the greatestriskin the creation or renovation of real estate and receive the greatest rewards such as the money and also acknowledgement from the purchaser or respective buyer that satisfy with their product. Usually, developers purchase a tract of land then determine themarketing of the property. After that, they developing the building program and design, obtaining the necessary public approval and financing, building the structure, leasing, managing, and ultimately selling the property. Developers work with many different counterparts along each step of this process including the architects, planners, engineers, surveyors, inspectors, contractors, property agents and etc. The developers build the house to supply to the market and sell to the buyer based on the demand in the market. The demand depends on the needs of the consumer, the market trend and also the economic trends. 2.2.6 Residential Residential property is the property in the residential area that includes the single family housing, multi-family residential or mobile house. The residential property is under the zoning of residential and may permit high density land use or low density land use. Residential development is real estate development for the purpose of residential. The developments are when the land divided into lots with the house constructed on each piece of subdivided land. 2.2.6.1 Medium Cost Housing Medium cost housing is the property that sell in the median price that can be purchase by medium income group and high income group. The medium cost housing in this research is the single storey terrace house, double storey terrace house, single storey semi-detached house and double storey semi-detached house. 2.2.6.2 High Cost Housing High cost housing is the property that the price is high and usually for the high income group of people. The high cost housing is selling with the high price that the price influences by the material, the design, the location and the size or area. The people that usually buy the high cost property is the people that need the high satisfaction and also all about luxury. The high cost housing could be the detached house and also high end property. In this research, the high cost housing is the single storey detached house and double storey detached house. 2.3 Factors Factors divided into four categories which are demographics factor, economics factor, buyers taste and preferences and marketing strategy. The factors distribute in the categories so that it is easy to determine what, how, when and etc. In addition, the factors that influence buyers in decision of residential property can be determining by distributed the factors as above. For demographics factor, it includes the age, social class and race or ethnicity. Age of the buyer also important that may influence them in decision making because it may show that what type of residential property they want that can give them satisfaction or needs for the requirement of the property. For social class in this study, it consists of high income group and middle income group because it is easy to know what they want to consider before buying the property not only based on their financial. The low income group is not included in this study because of the affordability of them to buy the type of property which is just the low cost housing. Race or ethnicity is one of the demographics factor because it also could influence the buyer whether to live in a same location with it own ethnic or race or just mixed with other races and ethnic. For economics factor, it consists of prices, availability of finance and affordability. Prices of the property depends on the type of property, location of the property, the supply and demand of property and also the market trends of current situation. The availability of finance may depend on either the government loan or private institutions loan such as bank and etc. The finance also depends on the availability of the bank in releasing the amount of loan and based on the income of buyer. Affordability is the main thing to discuss whereby every people have their own level of affordability. Marketing strategy is also one of the factors in decision making. Marketing strategy has four basis which are price, promotion, place and product. The price can me the measurement to know what is the price that agreed and affordable for the buyer based on the type of property, location and also the market price. The promotions in this marketing strategy consist of the launching of the project and the exhibition also important which is good in order to promote the property to the prospective buyer. Such promotion can attract more buyers and give the buyer opportunities to ask about the property and also giving the good image of developer and the product itself. Place is the location where is the property located and it seems very important because in every location, it have its own density and population. Some of the buyer wants the location either the high density or low density of population and some of the buyer wants to buy the property located in the city centre or otherwise. For the product, it depends on whether it is high class property or medium class property for high income group and middle income group. Depending on the class of property, the marketing strategy should be based on the focus group that will buy the property. So, the developer has the main role in the development to plan a good marketing strategy in order to have the successful project by selling 100% of the units. Buyers taste and preferences is the buyer needs and satisfaction in order to fulfill their taste and comfortless. The buyer needs and satisfaction is different. According to Abraham Maslow (1954), safety is one of the needs of human. The safety includes the security of family, health and property. So, the people needs the property for secure and health whereby every human being need shelter to lives. For satisfaction, it is more towards the luxury, taste and comfort that will be different depending on the person. Preferencesis a concept that have been used in thesocial sciences, particularly economics that assumes a real or imagined choice between alternatives and the possibility of rank ordering of these alternatives, based onhappiness, satisfaction,gratification, enjoyment and theutilitythey provide. More generally, it can be seen as a source ofmotivation. In cognitive sciences, individual preferences enable choice of objectives or goals. 2.4 Factors Might Be Influence the Buyer From the factors above, the factors might be influence the buyer in decision making for the residential property are the design, location, developers reputation, facilities within neighborhood, safety and security and the price. The residential property has several of design nowadays such as contemporary design, modern design or traditional design. All the design chooses by the buyers to buy the residential property. So, the design might be one of the factors that influence buyer in decision-making. The location also might be the factors that influence the buyer in decision making. The location might be choose by the buyer are in the city centre, near the city centre and out of the city. The location that the buyer wants to live is the factors might be influence them in decision making. The developers reputation might be the factor that influences buyers because it is all about quality and confidence to the buyer to buy the house. The reputation of the developer could show the quality of the house and build the confidence to the buyer in buying the property from them. The safety and security in residential area is important because nowadays the criminal cases highly increased and made people more aware about the security for the safety living. The people trust that if in the area have a good security and safety, it would be safe for living and it might be one of the factor that influence buyer. The price is based on the design, location and also the market trends. The price that is reasonable based on the area or size, design; location would be the factors that influence buyer in decision-making. So, the factors might be influence the buyer will be determined in the questionnaire and the level of interest would be defined. 2.5 Buyers Decision- Making Process Buyers decision vary an importance and complexity, thus, it is important to classify them to be understand the characteristics, the products, the marketing strategy implications on each type of purchase behavior. 2.7 Theory of Needs Maslows theory of needs Figure 2.5: Maslows Theory of Needs The safety level includes the security of the body, employment, resources, morality, the family, health and property. In this research, the important part of the safety is the shelter whereby its a need for the family to live with comfortable and healthy living in a property. So the buyers have the right in the need for a property that they want to buy and before make the decision, they need to know what is the factors that influence them in buying the property. 2.8 Conclusion For this literature review, the discussion more on the definition of decision making, consumer, developer, the marketing and also factors that lead to the factors that influence buyers in decision-making. All the category of factors based on the buyer itself and also the market trends that supply the property. The developer also have to take note that not only the demand of buyer need to be fulfill but also the economic and demographic factors must taking into account. In conclusion, the factors that influence buyers in decision making of residential property for this case of study and also the level of interest of those factors can be determine by the research. CHAPTER 3: OVERVIEW OF THE STUDY AREA CHAPTER 3 OVERVIEW OF THE STUDY AREA 3.0 Introduction This chapter attempts to give an overview of the study in Kuching. The issues to be discussed in this chapter are information related to socioeconomic in Kuching. 3.1 Background of Study Area Sarawak is one of the state on the island of Borneo which also known as ‘Land of the Hornbills. It is situated on the north-west of the island and it is the largest state among all in Malaysia. It is the capital of Sarawak as it is the largest city on the island of Borneo and also the fourth largest city in Malaysia. Sarawak divided into eleven administrative divisions which are Kuching Division, Samarahan Division, Sri Aman Division, Betong Division, Sarikei Division, Sibu Division, Mukah Division, Kapit Division, Bintulu Division, Miri Division and Limbang Division. Each division divided into districts which are 33 districts in Sarawak. In Kuching Division, there are District Of Kuching, Lundu and Bau. The study area of this research is District of Kuching in Kuching Division. The district covers an area of 1, 863 square kilometres with the population approximately 620 700. The district of Kuching is administered and divided into three local governments which are Kuching North City Hall, Kuching South City Council and Padawan Municipal Council. The part under Kuching North City Hall covering an area of 369.48 square kilometers which is the area north of te Sarawak River, parts of Old Kuching and also the western Central Business District. Meanwhile, the area south of the Sarawak River, eastern Central Business District and towards the South China Sea is within Kuching South City Council jurisdiction. The rural areas within Kuching District, Batu Kawa, Kota Sentosa and Third Miles are under the jurisdiction of Padawan Municipal Council. District Jurisdiction Land Area (square kilometers) Kuching Kuching North City Hall 369.48 Kuching South City Council 61.53 Padawan Municipal Council 1431.83 Total 1862.84 Table 3.1: Total Area of Kuching District For further information about the location of Kuching, please refer to the Appendix I. 3.2 Population Sarawak has the population of about 579, 900 in years 2006.From this survey, it shows that Kuching District has a great housing market which the potential buyers are from the category of 25 years old and above. According to the population census 2006 published by Department of Statistic, Malaysia, the population of Kuching District is as the following:- Jurisdiction Total Kuching North City Hall 133, 600 Kuching South City Council 143, 500 Padawan Municipal Council 302, 800 Total 579,900 Table 3.2: Population Census 2006 in Kuching District (Sources: Population Distribution by Local Authority Areas and Mukims, Census 2006, Department of Statistics Malaysia.) 3.2.1 Projected Population by Ethnic Group (Sources: Population Distribution by Local Authority Areas and Mukims, Census 2006, Department of Statistics Malaysia) The majority projected population by ethnic in Kuching District within Kuching Division is Chinese, which is 38% of the whole population and about 220, 400 people. The second ethnic is Malays, 36% and follow by other ethnic groups 16% and Iban 10 %. The projected population by ethnic group and jurisdiction in Kuching for year 2009 is shown in the Table 3.3. The total population from the table has shown that majority of residents in Kuching District live under Padawan Municipal Council jurisdiction. Population under Kuching North City Hall is lesser than other jurisdiction although the land area is bigeer in size than Kuching South City Council. Jurisdiction Total Malay Chinese Iban Other Ethnic group Kuching North City Hall 133, 600 80, 160 26, 720 10, 040 16, 680 Kuching South City Council 143, 500 40, 805 68, 800 21, 060 12, 835 Padawan Municipal Council 302, 800 87, 799 124, 842 26, 890 63, 269 Note: 1. Population projection based on the 2006 Population Census 2. The added total may differ due to rounding (Sources: Population Distribution by Local Authority Areas and Mukims, Census 2006, Department of Statistics Malaysia) 3.2.2 Projected Population by Age Group Age Group Kuching North City Hall Total 579, 900 0-4 80,500 5-9 60,800 10-14 52,200 15-19 54, 900 20-24 49, 300 25-29 49, 300 30-34 43, 500 35-39 37, 400 40-44 30, 700 45-49 29, 600 50-54 25, 300 55-59 20, 800 60-64 16, 900 65-69 14, 500