What are the primary challenges faced by small businesses in baguio city? 1.What are the main challenges your business is currently facing? 2. How significant is the impact of these challenges on your business? What strategies are being implemented by your business to confront these challenges? 1. What strategies have you implemented to overcome these challenges? 2. How effective have these strategies been in addressing your business challenges? How do those challenges and strategies affect the overall performance and sustainability c your business? 1. Do these strategies help the business last longer? 2. Do the challengers affect how customers see your business?
Answer (2)
Answer:To find out the speed at which Alfred should drive to reach home 10 minutes earlier, we first need to determine the distance to his home.1. **Calculate the distance**: - Speed = 65 km/h - Time = 50 minutes = \( \frac{50}{60} \) hours = \( \frac{5}{6} \) hours Distance = Speed × Time = \( 65 \times \frac{5}{6} = \frac{325}{6} \) km ≈ 54.17 km2. **Calculate the new time**: - If he wants to arrive 10 minutes earlier, the new time is 50 minutes - 10 minutes = 40 minutes = \( \frac{40}{60} \) hours = \( \frac{2}{3} \) hours3. **Calculate the new speed**: - Speed = Distance / Time = \( \frac{325/6}{2/3} = \frac{325}{6} \times \frac{3}{2} = \frac{325 \times 3}{12} = \frac{975}{12} \) km/h ≈ 81.25 km/hSo, Alfred should drive at approximately **81.25 km/h** to reach home 10 minutes earlier.
Primary Challenges Faced by Small Businesses in Baguio CityHigh Rental Costs & Overhead Expenses – Due to its status as a tourist destination, commercial spaces in Baguio can be expensive, affecting profitability.Seasonal Tourism Dependence – Many businesses rely on tourist foot traffic, leading to fluctuations in revenue during off-peak seasons.Limited Market Reach & Competition – Small businesses compete with established brands and online stores, making it hard to attract and retain customers.Supply Chain Issues – Sourcing materials or inventory can be difficult, especially for businesses that depend on fresh produce or imported goods.Strict Local Regulations & Permits – Compliance with business permits, environmental laws, and zoning regulations can be challenging for small business owners.Manpower Shortages & High Employee Turnover – Retaining skilled workers is difficult due to competition from larger companies or migration of workers to other regions.Financial Constraints – Limited access to capital and funding options can hinder expansion or business improvements.Impact of These Challenges on BusinessesFinancial Struggles – Higher costs and fluctuating sales make it difficult for businesses to stay profitable.Operational Difficulties – Supply chain issues or labor shortages can slow down production and service delivery.Reputation & Customer Perception – Poor customer service due to challenges like understaffing or lack of product availability can affect customer satisfaction.Strategies Used to Overcome These ChallengesCost Management & Efficiency Measures – Businesses cut costs by optimizing operations, negotiating rent, or sourcing materials locally.Diversification & Online Presence – Many businesses expand their services, launch e-commerce platforms, or improve marketing strategies to reach a wider audience.Customer Loyalty Programs – Offering discounts, memberships, or promotions helps maintain customer loyalty during low seasons.Collaboration with Other Businesses – Partnering with local suppliers or other small businesses can reduce costs and improve market reach.Government & Private Assistance – Some businesses seek financial aid, grants, or business development programs provided by the government or private organizations.Effectiveness of These StrategiesMany strategies help businesses adapt and survive, but their success depends on execution and external factors like economic conditions.Digital marketing and online sales have significantly improved revenue for some businesses, while others still struggle due to limited internet literacy or resources.Cost-cutting measures work short-term but may not ensure long-term growth.Overall Impact on Business SustainabilityLongevity of Businesses – Effective strategies help businesses stay open longer, but those that fail to adapt may close down.Customer Perception & Trust – Poorly handled challenges can drive customers away, while businesses that innovate and improve service can build a stronger reputation.
