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Low
income
Expensive
rent
of the space
Too
many
competitors
lack of
security
economic
of the time, loss in business transaction always occur which cause a low
income for them.
We also observe that most of the vegetable vendors especially on
sidewalks haven't at least a weighing scale for their products. They tend to
go to others who have this just to calculate the mass of the vegetable they
sell. It is a bit interruption to their customers because of the time wasted
especially if the place that the vendor goes through is far from hi/her store.
Thats why its one of the factors that affect the number of person who buys
on them. Moreover, their costumers and other vendors are recommending to
at least buy a small and affordable weighing scale to improve their service
and avoid interruption to others. With this, some of the vendors followed the
recommendations and the feedback they hear from their customers while
others did not (although they really want) because of the insufficient income
they earn. In this situation Cybernetic theory applied for it focuses on
feedback loops and control processes and how it can maintain balance and
create change.
Moreover, expensive rent for space is another deduction (for some who
are renting). Most of business spaces on market remain increasing whether it
is a small or big one. For an instance, a length of a small space (1 1/2m
length and width) costs Php150 to Php200 a day, while Php350 to Php400 for
big space (2m length and 3m width). Therefore, it is a big loss for vegetable
vendors especially to those who are not capable to run such business with a
small capital. In addition, since people are in need to have a livelihood to
sustain their needs, they started to build their own, at least a small one to
have an income. Hence, it will result to a competition wherein a variety of
strategies will be used to have more customers buying their goods. It will be
the same or probably a higher deduction on their income compared to
expensive rent for the space and could be also to the capital they'd spent.
Further, whenever there is an occasion like Christmas and New Year
they earn enough from selling vegetables ranging from Php1000 to Php3000
for small vendors, while Php2000 to Php6000 for big one. However, if its
ordinary days, the small vendors earn Php300 to Php500 while big vegetable
vendors earn Php500 to Php1000 per day and the income they earn will be
deducted from the said factors a while ago. Thus, obviously, they would
come up on the stage, I dont have enough income.