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Research paper.docx - Covid-19 Impact on the Profitability...

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Covid-19 Impact on the Profitability of Sari-sari Stores in Maria Clara Diffun, QuirinoA Research PaperPresented to the Faculty and Staff OfDiffun National High SchoolDiffun, QuirinoPresented By:Rujilyn M. GabrielJune 2021Chapter ITHEPROBLEMANDITSBACKGROUNDI.OverviewAbusinessisdefinedasanorganizationorenterprisingentityengagedincommercial,industrial, orprofessionalactivities( Hayes, 2020).AndinPhilippinessari-saristoreisoneofthemostusedbusinessbytheFilipinostosupplytheirdailyneeds.Sari-saristoresaresmallretailoutletsthatcanbefoundinalmostallneighborhoods,sometimesevenineverystreetcornerinthe Philippines.Sari-saristoresarearegularfixtureinatypicalneighbourhoodinthePhilippines(BusinessDiary Ph).Theysellavariety(hencethenamesari-sari )ofgoodssuchasfood (cannedgoods,noodles,biscuits),kitchennecessities(cookingoil,soysauce,salt),powderedproducts(laundrypowder,coffeemix,powderedorangejuice),drinks(beer,softdrinks),toiletries(shampoo sachets,soap,detergents,toothpaste)toservices(payphone,cellphoneloadingstation)(PinoyNegosyo).MoreFilipinospreferbuyingbasiccommoditiesfromtheneighborhoodsari-saristorethanthe grocerystoreatthemallbecauseofanumberofreasons,includingthereadyavailabilityofvarious goodsyoucanbuyatjustafewpiecesandthemerefactthatyoudon’treallyhavetotakemuch efforttobuyatthesari-saristorethangoallthewaytothemall.
heCovid-19crisismanifestedinChinainDecember2019andsoonafterbecameaglobalpandemic.AsofMay26,2020,213countrieswereaffected,atotalof5,591,677peopleinfected,347,944deaths,and2,368,016patientsrecovered(Worldometers, 2020).Covid- 19crisiscaused the pandemicandturnedeverythingupsidedown.Itcreatedimmensesocialandeconomicproblemsatall levels,includingsocialphobia,unemployment,supplychaindisruption,stockmarketcrashes,economic lockdown,andde-globalization.DuetotheuniquenessoftheCovid-19crisis,previousresearchmaynotbesucienttounderstandit.TheglobaloutbreakoftheCOVID-19pandemichasspreadworldwide,affectingalmostallcountriesandterritories.TheoutbreakwasfirstidentifiedinDecember2019inWuhan,China.The countriesaroundtheworldcautionedthepublictotakeresponsivecare.Thepubliccarestrategieshaveincludedhandwashing,wearingfacemasks,physicaldistancing,andavoidingmassgatheringand assemblies.Lockdown and staying home strategies have been putinplaceastheneededactiontoflattenthecurveandcontrolthetransmissionofthedisease(Sintema, 2020).Localrestrictionshaveforcedenterprisestoreduceoperationhoursorclosetheirbusiness. 28% ofenterprisesreportedthattheyhavebeenoperatingforfewerhoursduringthecommunityquarantine (lockdown)period;The GovernmentofthePhilippineshasimposedstrictimplementationofcurfew hours(8PMto5AM)duringthecommunityquarantine(Mehrotra,Gayatri. Et. Al 2020).

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Term
Fall
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Tags
Qualitative Research, Severe acute respiratory syndrome, Maria Clara Diffun

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