History of Business - Reverc Inc

1. History of Business:

As the need for certain types of clothing for different types of events arises, the monetary resource becomes a problem for some, especially for students like the researchers, from which their income comes only from their parents, or for some a job enough for daily sustenance. That's why the researchers want to see on how the market would react upon the introduction of dual styled clothing suitable for different types of events. It is technically designed as reversible. The researchers got inspiration from the reversible jeans, a pair of jeans with two designs, and a product from Oxygen, which aims to sell the said reversible jeans with different design for a price of a pair of pants. The group's product innovation is that the product would be suitable for two events and that it would also be available for shirts if they find it more appealing to the market.

1. MARKET DESCRIPTION

A. AREAS OF DISPERSION

ReverC Inc. store is based in University of Santo Tomas located at España Boulevard, Sampaloc, Manila, Philippines. And target individuals especially students interested in affordable dual styled clothing suitable for different types of events in which we called as reversible clothes.

B. MEANS OF TRANSPORTATION

The researchers planned to enter into a contract in renting a Mitsubishi L300 van in delivering the products from its warehouse to UST store. Delivery charges amounting to 3000php per month including the rent of the van and its gasoline will be considered. The researchers specifically allotted at least thrice per month for the delivery and still subjected to changes upon the variation of the demand for the product.

C. CHANNELS OF DISTRIBUTION

ReverC Inc. is a combination