MANUEL S.

ENVERGA UNIVERSITY FOUNDATION - LUCENA CITY, PHILIPPINES

Granted Autonomous Status
CHED CEB Res. 076-2009
COLLEGE OF BUSINESS AND ACCOUNTANCY
Bachelor of Science in Business Administration
Level IV Re-Accredited Status

JARED
Submitted by:

Anilao, Elijah Joyce M.

Gono, Roubelyn
Maraño, Donita Mae P.
Mercado, Angelo T.
Restituto, Eve Jeremy Q.
BSA II

Raisa Marizka R. Ver

Professor, Operations Management

RMV 2019
 MANUEL S. ENVERGA UNIVERSITY FOUNDATION - LUCENA CITY, PHILIPPINES
Granted Autonomous Status
CHED CEB Res. 076-2009
COLLEGE OF BUSINESS AND ACCOUNTANCY
Bachelor of Science in Business Administration
Level IV Re-Accredited Status

PRODUCT PROPOSAL

I. Introduction

Name of Company: Rose’ Company

Title of Proposed Product/Service: JARED

Rose’ Company is an enterprise which specializes in manufacturing portable power bank

that can be purchased at an economical price. Its newly invented product, JARED was derived
from the combined names of the manufacturers. Whereby: Joyce Angelo Rouby Eve Donita.

The name JARED has a biblical etymology which is said to be the name of Adam’s close
descendant from the Old Testament. In Hebrew, the name JARED is connotated as rose which
constitutes the company name and its logo.

II. Executive Summary

The JARED power bank is manufactured out of battery, car charger outlet, wires and
electrical tape, light switch, covered with an illustration board with the aid of glue stick. This is an
economical way of making an alternative power source which minimizes the use of electricity.
Furthermore, the target market of this product are all age brackets, but we will focus more on
younger individuals who are the largest users of gadgets upon all the other group. Included in the
target customers are the students. Hence, the group made the price a student-friendly one since
it seeks to cater the needs the students who frequently use mobile devices for their entertainment
and study time which they sometimes do in an area where in there is no outlet to charge their low
battery phones and also those students who need to travel in order to reach the school or their
home. This is beneficial for them especially when their mobile devices or laptops run out of battery.
In addition, the product will also be functional and useful at any times, especially during power
shortages. This is indeed a life-saver.

This power bank cannot just charge the mobile phone but also those portable devices
such as mini electric fans. Using the markup percentage method, the selling price of a single
power bank costs Php 470.35. The price is much cheaper than those 9000mAph power banks
being sold in the market today. JARED is a power bank that doesn’t need electricity because it
has a 9-voltage battery that serves as its power source.

RMV 2019
 MANUEL S. ENVERGA UNIVERSITY FOUNDATION - LUCENA CITY, PHILIPPINES
Granted Autonomous Status
CHED CEB Res. 076-2009
COLLEGE OF BUSINESS AND ACCOUNTANCY
Bachelor of Science in Business Administration
Level IV Re-Accredited Status

III. Opportunity

Description of the Product

Power banks are necessary for ensuring that mobile devices remain available for use.
Unlike other power banks that needs to be recharged with electricity, we’ve come up with the
product that is not dependent on it. JARED is a portable power bank that enables your mobile
gadgets to be recharged even in outdoor places. This is a battery-powered device having 9000
milliamps that will definitely last long and can be purchased at an economical price. The users
can access power banks and charge their phone on the move without worrying about keeping the
power bank charged. We purposedly made that the battery attached inside can be remove as the
buyer may replace it, once battery runs out of voltage.

Everyone took their part from conceptualizing, to planning, designing, testing and process
development. Such activity fosters collaboration and understanding between everyone in the
organization. Developing not only the product but the team coordination and camaraderie. We
manage to work with concepts and ideas individually and combine each to come up with a
practical thing in real life.

The products capacity aligns and strengthen the company’s objective, to deliver a quality
product that is new and innovative while satisfying the requirement of the various customers. Our
goal coordinates with the health of community and environment by helping a more economical
use of energy trying to ship from electricity to other power sources such as battery. To be able to
have a market share through the provision of successful and safe products.

Impacts of the product

The increasing usage of smartphones and other mobile devices increased the demand as
well for portable battery sources. Compared to other power banks that are already existing in the
market powered by electricity, our product has adopted another source of energy such as battery
for devices with USB capability. Its power voltage is safe since it is derived high quality battery.
Propitious even in times when there’s electricity outbreak or interruption. This product will help
the community as it will lessen the electricity usage by those consumers and help our company
to flourish and establish a name in the industry.

Customers and Stakeholders

At the present time, almost all from different ages use mobile devices wherever they are
and whatever occasion it is. The target market are all age brackets, but we will focus more on
younger individuals who are the largest users of gadgets upon all the other group. The product

RMV 2019
 MANUEL S. ENVERGA UNIVERSITY FOUNDATION - LUCENA CITY, PHILIPPINES
Granted Autonomous Status
CHED CEB Res. 076-2009
COLLEGE OF BUSINESS AND ACCOUNTANCY
Bachelor of Science in Business Administration
Level IV Re-Accredited Status

prevents people from being distressed about a low battery gadget and be always on the go. The
battery used by the product can easily be replaced which indicates that it is replenishable. The
battery is non-toxic, safe and ecologically sound. It conserves energy thus favorable for the
community, the environment and the economy.

IV. Market Assessment and Competitive Landscape

RMV 2019
 MANUEL S. ENVERGA UNIVERSITY FOUNDATION - LUCENA CITY, PHILIPPINES
Granted Autonomous Status
CHED CEB Res. 076-2009
COLLEGE OF BUSINESS AND ACCOUNTANCY
Bachelor of Science in Business Administration
Level IV Re-Accredited Status

V. Financial Report

MATERIALS USED BUDGET ACTUAL COST

Energizer Max (9-volt battery) Php 250.00 Php 220.00

Car Charger Outlet Php 120.00 Php 100.00
Speaker Wire Php 20.00 Php 17.00
Black Electrical Tape Php 10.00 Php 12.00
Light Switch Php 40.00 Php 45.00
¼ Illustration Board Php 15.00 Php 12.00
Glue Stick Php 10.00 Php 3.00
Php 465.00 Php 409.00

Table 1. Budget and power bank.

The table above shows the materials used, the budget, and the actual cost incurred on
producing a single product. The initial cost of Php 409.00 will still be subject to change. The cost
of producing this product will still be lessen when the raw materials are purchased on bulk order.
As producers, we are likely on the constant lookout for ways to minimize the cost of our product.
One potential strategy is to purchase items in bulk order. Buying in bulk reduces the initial cost
per unit and can reduce how much we will pay in the long run on supplies and products.

Markup Percentage Method

The traditional method of calculating a sales price is to add a markup percentage to the
cost of the product. The group have decided to use “Markup Percentage Method” since this
approach has the virtue of simplicity and is convenient to apply.

Formula Used: SELLING PRICE = Initial Cost + Markup

Php 409.00 + 15%

Php 409.00 + 409 (0.15)
Php 409.00 + 61.35

Php 470.35 / unit

*15% = (470.35 – 409) / 409 x 100%

RMV 2019
 MANUEL S. ENVERGA UNIVERSITY FOUNDATION - LUCENA CITY, PHILIPPINES
Granted Autonomous Status
CHED CEB Res. 076-2009
COLLEGE OF BUSINESS AND ACCOUNTANCY
Bachelor of Science in Business Administration
Level IV Re-Accredited Status

POWER BANK (WITH 9000 MILLIAMPS) SELLING PRICE

XZY Y-4 Php 495.00

Romoss Sailing 4s Php 499.00
ALIBABA – YJ339 Php 505.00
WST DP622A Php 550.00
ADL Bavin PC217s Php 597.00
Junction 1 MA-012 Php 664.00
Astrum PB150 Php 759.00
MS Samsung Php 800.00

Table 2. Comparative table of power banks with 9,000 milliamps.

The range of prices of a single power bank varies depending on the amount of milliamps
it contains. For the comparison purposes, the group have looked for the selling price of different
power banks with 9,000 milliamps (equivalent to 9 volts). As shown in the table, the price of
our product is lower than the prices of power banks with 9,000 milliamps.

Note: The proposed product will use 9-volt battery as its power source. In Physics, 1 volt is
equivalent to 1 ampere or 1,000 milliamps.

VI. Success Measures

The proponents of this project worked hand-in-hand in creating an improvised power bank
using a 9-voltage battery.

STEPS IN CREATING THE POWERBANK:

Step #1. The 9 volts battery is attached to a speaker wire which serves as the energy source's
outlet on the opposite side. (A USB port).

Step #2. The speaker wire attached to the positive bolt of the 9 volts battery is cut in half to
connect it to a switch, then the other half of the wire is connected from the switch and to the outlet
(USB Port). The switch is made to allow the user to cut off and turn on the battery's power supply
at will, to conserve he battery's life.

Step #3. Once the main energy source is completed, a box is made for the device to fit in, with a
top lid for the battery to be replaced when needed.

RMV 2019
 MANUEL S. ENVERGA UNIVERSITY FOUNDATION - LUCENA CITY, PHILIPPINES
Granted Autonomous Status
CHED CEB Res. 076-2009
COLLEGE OF BUSINESS AND ACCOUNTANCY
Bachelor of Science in Business Administration
Level IV Re-Accredited Status

Step #4. The box's 2 sides are cut open to let the device connect to its switch and outlet.

Step #5. Once everything is completed, the improvised power bank is now usable.

Performance metrics are defined as information and project-specific data used to

characterize and assess an organization’s quality, capabilities, and skills. Performance metrics
are defined differently in every industry and can change based on a company’s services and
products. Common performance metrics include sales, return on investment, customer
satisfaction, productivity, and waste etc.

Noticeably, an improvised power bank costs less than an actual branded power bank
when purchased. One of the performance metrics that the proponents' product has aced is the
return on capital, the use of a 9 voltage battery, electrical tapes, a switch, an outlet, speaker wires
and any energy converter that is available in your house is enough to help you create an
improvised power source. This can be very useful when calamities strike, power outages are
possible to occur, and this power source does not need a charger to reload itself with electricity,
unlike a power bank, this one is sustained by batteries, and these batteries are disposable, which
are more practical to use during power shortages.

Another one of the metrics that this product does well in, is the productivity, if a person
has a battery that has 5 volts and above (usually required by phones) available, some old speaker
wires, electrical tape, an outlet and a connector they can already make their improvised power
bank. It is easy to do, if you have a background on, wiretapping or things related to this. This can
actually be finished and made functional within just an hour.

With regards to customer satisfaction, it is possible that customers will like this type of
product since it is thrifty and very useful in times of need. Also, when built by themselves, they
get the sensation of accomplishment and success since wire connections and circuits are very
confusing concepts to understand, therefore if they are able to create an improvised power bank
single-handedly then they will satisfaction towards the product they have made.

The product will be functional and useful at any times, especially during power shortages
in the city, because the proponents made sure to secure the wires connected to the power source
(battery), switch and the outlet to ensure full functionality of the product. The life of the product
depends on the brand of the battery used, as a saying, high quality comes with a high price as
well, not all but it is usually the case, therefore for a longer use of the product the proponents
recommend the users to purchase long lasting batteries that perform reliably.

RMV 2019