PACKAGING IN YOUR BUSINESS PROJECT

EXAMPLES OF PACKAGING MATERIALS USED IN YOUR BUSINESS PROJECT

 Wrappers
 polythene bags
 Boxes
 Tins
 Bottles.
 Disposable cups.
 Paper bags.
The nature of the product packaging used by the business
 Polythene and paper bags, where products are put and then sealed
 Plastic containers / lunch boxes that are carried by the customers/ students themselves

FACTORS CONSIDERED WHEN SELECTING PACKAGING MATERIALS IN YOUR BUSINESS PROJECT

 Polythene bags are easy to destroy through burning after being collected
 Low cost ie one dozen of polythene bags was at shs 2200 with 200 bags and the lunch boxes were for free ie they are owned by customers
 Paper bags have a multipurpose function ie they can be used by customers for further storage
 Paper bags can easily decompose hence posed less effect on the environment
 Favourable terms and conditions of purchase from suppliers ie the packaging materials in most cases were being obtained on credit
 The design of the product conforms to the packaging materials
 Portability of the packaging materials ie paper bags, polythene bags and plastic containers are easy to carry.
 The quality/durability of the packaging material. Boxes were selected because of being durable compared to polythene bags.
 The nature of the products to be packed. Bottles and disposable cups were used to pack juice yet paper bags were reserved for snacks.
 Availability of the packaging materials. Paper bags were chosen because of being adequately available in all nearby shops around the school premises.
 Distance to be covered. Products to be distributed in distant places a way from the school were packed in boxes to ensure their safety.

BENEFITS  OF PACKAGING BUSINESS PRODUCTS ENJOYED IN YOUR BUSINESS
PROJECT. Attracted more customers
 Competitors were out competed like the school canteen.
 Facilitated easy transportation of business Products.
 Added value on the products. This made them to be competitively priced.
 Made products to look attractive.
 Facilitated easy Product display.

Mechanism which was used in controlling the business assets
 Cash i.e recording it, using daily cash reconciliation, making frequent banking
 Accounting receivable ie maintaining a file of accounts receivable card
 Analyzing accounts receivables on regular basis
 Inventory / raw materials – setting up a perpetual system, counting inventory
physically, placing valuable inventory items in a lockable room, having serial numbers on inventory, analyzing inventory card
 Physical assets – maintaining a file of information about assets, maintaining depreciable schedules, engraving assets
 Customers, merchandise – keeping a file by date, not releasing goods unless cash, cheque has been obtained in respect