Survey Questionnaire: Street Vendors Informal Borrowing Practices and Implications on Business

Description

Since the instrument was researcher-made, experts were consulted to validate its content. A panel of three expert evaluators, well-versed in the discipline, structure, and logic of research, validated the content of the research instrument. The panel of expert validators consisted of individuals with diverse qualifications. These included (1)a dean of the College of Business Administration of a prestigious and accredited private higher education institution, who is well versed in the finance and entrepreneurial dynamics, (2) an academic director of a business administration program who has a profound understanding of entrepreneurship, (3) and chairperson of trade, commerce, industry, investment and entrepreneurship, and a provincial board member of the 2nd district of Misamis Oriental. These expert validators comprehensively understand research methods and have experience in finance and entrepreneurial domains. Further, a pilot test was conducted on at least 30 street vendors who were non-respondents of the study to evaluate the internal consistency of the parameters. The pilot test was done at the Carmen public market, a setting that mirrored the main locale of the study in terms of informal financing and economic activity. The researcher employed a convenient sampling procedure for the pilot testing. After pilot testing, the data were arrayed and treated using Cronbach's alpha. Reliability Statistics Scale N Items Cronbach’s α Interpretation Price 30 5 .80 Good reliability Inventory 30 5 .91 Great reliability Net Income 30 5 .88 Good reliability Gross Sales 30 5 .81 Good reliability Selling Strategies 30 5 .87 Good reliability Business Outcome 30 5 .94 Great reliability Overall 30 30 .70 Acceptable Reliability

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