Professional Documents
Culture Documents
Project No. 1
Members:
Garcia, Erika-Marie J.
Group Members:
1. Araya, Vonna Kristel O.
2. Caballeda, Stephen Ryan O.
3. Garcia, Erika-Marie J.
4. Joven, Sweet Cyra A.
5. Aldea, Michael Ryan B.
Description:
Goals
Problem Areas
Organizational Units
Location
Business Functions
Business Planning
Financial Management
Sales
Order Delivery
Order Fulfilment
Loans
Entity Types
Customer
Available cars
Work Area
Invoice
Order
Owner
V. Enterprise Model
Quality Testing Result Sellers Information Buyers Information Selling the car
3. What are the skills and abilities needed to obtain a successful business
transaction?
4. Could you give us some advantages and disadvantages of the buy and
sell system?
5. What is the edge of buying pre-owned unit over buying brand new cars?
6. What is the best possible advice you could recommend for people
involved in this industry in transacting and negotiating with one another?
Transcript of Interview:
Interviewer: Vonna Kristel Araya
Interviewee: Mr. Richard Alberto
Vonna: A fine and pleasant day to you, Mr. Richard Alberto. I am Vonna Kristel Araya, a
second year Information Technology student from the University of Perpetual Help
System JONELTA Campus. I would just like to ask for a few minutes of your time for an
interview about your business venture. May we proceed to the first question?
Mr. Alberto: A pleasant day to you as well. Okay, lets proceed.
Vonna: How long have you been in this business industry?
Mr. Alberto: Well, I cant quite determine the approximate years Ive been doing this.
Lets say, around 5-6 years, perhaps.
Vonna: Oh, I see. So Ive heard that many people are still confused on how car trading
operates. Can you tell me the flow of transaction in this kind of field? How does a buy
and sell system works?
Mr. Alberto: Starting off, obviously, you will need some cash to purchase the vehicle.
Finding the vehicle to buy for resale may take some time and effort. The ideal car is one
that is a bargain but has the potential to make you a profit in the future. You need to
consider if you are purchasing a car that somebody else would want to buy. You want to
approach this business with a clear unbiased mind and forget about your personal
preference. Searching for the car can be done by looking in classified ads, magazines,
researching online or by visiting second hand car dealers. When you have found the
vehicle, you need to do a comprehensive assessment of the condition of the car. You
have to fix it, clean it up and then sell for a profit.
Vonna: So the primary key here requires heaps of patience and effort, am I right?
Mr. Alberto: Yes, certainly. Without those, you will never be able to find a good deal.
Vonna: That sounds tough. Next question, what are the skills and abilities needed to
obtain a successful business transaction?
Mr. Alberto: Well, the same type of personal skills that are necessary to successfully
work for someone else are also required to be successful in working by yourself.
Personal skills would involve being conscientious, dedicated, determined and
persistent, in addition to possessing good human relations abilities.
Vonna: Could you give us some advantages and disadvantages of the buy and sell
system?
Mr. Alberto: Ill start with the disadvantages first so we could have something to look
forward to later.
Mr. Alberto: The main disadvantage of purchasing used cars is that it has an unknown
quantity. Whether the dealer has worked the vehicle to make it attractive for the test
drive, the buyers are still unaware of the repair bills, economical issues, and its reliable
transportation.
Mr. Alberto: First of all, buying used cars would save you a lot of money over buying
brand new autos, we all know that. Another advantage is that you will receive all the
profits generated by your time and efforts since you are the one running your business.
In my case, I sell mine with an average of 10-15 % interest rate.
Vonna: What is the edge of buying pre-owned unit over buying brand new cars?
Mr. Alberto: Hmm, good question. Let's face it. Brand new cars are exceptional over
buying used cars since value beats cost and due to some other factors but it doesnt
necessarily mean that second hand cars cannot function well and are unworthy of
buying. First of all, they cost less and makes you financial wise. Obviously, you also
have to check if the car is in good working condition before deciding whether to buy it or
not, even though it is already pre-owned. Dont rely solely on the cost but consider both
the price and the value. Buying a car whether brand new or used car varies, depending
on a persons decision. Lets use real numbers so that we can come up with a more
logical conclusion. Some people opt to buy a brand new car to avoid possible defects
from used cars. Heres a brief explanation. Lets say that you are looking at a Toyota
Innova. A brand-new Toyota Innova E Diesel currently costs P992,000 and according to
listings of the same variant on the Internet, pre-owned ones cost between P720,000 and
P770,000.Lets use the median of P745,000 as our price for a pre-owned unit. From this
perspective, it does make sense to go for a three-year-old unit because it will save you
P247,000. But there are many other issues to be considered. If the pre-owned unit is
assumed to be in a very good working condition and that it should not have been
submerged in any of the floods we have experienced since 2011, and has a good
mechanic and maintenance records, the savings of P247,000 is a good enough reason
to buy a pre-owned unit.
Vonna: I get the picture. Decision making is crucial in every consumers part and the
sellers as well. Youve really got to be wise in doing business with others and get the
best deal you can find with money tight nowadays.
Mr. Alberto: That is one of the reasons why the percentage of people buying pre-owned
car units escalates with each passing year. They just wont settle for less for their hard-
earned cash.
Vonna: I agree with you, sir. And now, for the final question, What is the best possible
advice you could recommend for people involved in this industry in transacting and
negotiating with one another?
Mr.Alberto: The best advice I could give is to always remain polite and do not be
aggressive when dealing with others so you could get a substantial discount.
Vonna: That is probably one of the most precise and best tip Ive heard coming from an
experienced car dealer. So, I guess this is the finale of our discussion. Thank you very
much, Mr. Richard Alberto, for acknowledging and sharing a handful of your time in
order for me to perform this interview. Stay blessed.