Please make introduction and background of the study only. Case 11. BUGTAG CHEMICAL CORPORATION: HelpSamuel Bugarin and Antonio Tagorda were class-mates at the Chemical Engineering Department of De laSalle University. After passing the board examinationsin 1981, Engineer Bugarin applied for a job in a chemicalmanufacturing company. He first worked as an assis-tant in the quality control unit. Later, he became chiefof the unit. He handled various jobs in the productiondepartment. Because of his good performance, he waspromoted to production manager in 1993.Engineer Tagorda got a job in 1982 as productionplanner of Reliance Chemical Company. In 1990, he wasassigned as assistant production manager. When thecompany's marketing manager resigned in 1991, he wastransferred to the marketing department and was namedas the new marketing manager. His main function wasto market the company's products consisting of syntheticresins, aluminum paste, adhesives, plasticizers, calciumsulfate, etc. When he assumed his post as marketingmanager, the company is already serving a group of loyalcustomers. The increasing requirements of these cus-tomers also meant additional orders for the company'sproducts. The company's sales increased even if thenumber of its customers did not.In a class reunion held in April 1997, Samuel andAntonio met and they conversed for more than three hours.Samuel mentioned that he had started organizing hisown chemical manufacturing firm and he wanted Antonioto join him. Antonio agreed and in a subsequent meet-ing decided to divide the work between the two of them.Samuel was to take care of production and Antonio wouldhandle marketing. They decided to invite an experiencedfinance officer and a high school classmate, EdgardoAbuan. He became the company's finance manager.The company was registered as a stock corporationand the capital contribution of the stockholdersfollows:Name of the Stockholder Amount of Capital Contribution1. Samuel Bugarin2. Antonio Tagorda3. Edgardo Abuan4. Jesus Uala5. Rosario Mariano& Ausberto Taguinod7. Francisco Bundoc8. Amparo Paragas3. Andres NicolasTotalP30,000,00015,000,0003,000,0001,000,0001,000,0001,000,0001,000,0001,000,0001,000,000P54,000,000The three agreed to produce caustic soda liquid,hydrochloric acid, soda ash, sodium sulphate, sodiumtripolyphospate, and sulfuric acid. The construction of thecompany's plant has already begun in Dasmariñas, Cavite.The compay has been named the Bugtag Chemical Cor-poration.Samuel has already started organizing the product-ion department by hiring a production planner. Antoniois still considering what steps to take in organizing hisdepartment. One of his problems is the lack of informa-tion regarding the nature of the market the company musttap. Also, Antonio is aware of the utmost importance ofproviding the production department with a demand fore-cast for the company's products.

Introduction: De la Salle University Chemical Engineering students Antonio Tagorda and Samuel…

Answered: Please make introduction and background…

Business

Economics

Please make introduction and background of the study only.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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