Answer to Question #245956 in Philosophy for Love

Question

what do you think is the biggest contribution of veco in cebu? identify 10 biggest contribution of the company in the business industry.

Answer 1

The biggest contribution of veco in cebu is they can help cebu city to have a current power. VECO is authorized to install, operate and maintain electric light, heat and power system in the Municipalities of Cebu (now City), Talisay (now City), Minglanilla, Naga, San Fernando, Mandaue (now City), Consolacion, Liloan and Compostela.

The following are some of its biggest contributions in the business industry; firstly, VECO monitors and controls its electric distribution assets via remote control something which boosters the business sector. Secondly, VECO provided a boost to consumption, including power usage. Thirdly, VECO has enabled the utility, a partnership between listed firms AboitizPower and Vivant Corp., has a franchise service area spanning about 674 square kilometers with an estimated population of 1.73 million.

Another contribution of VECO in the business sector is that it has enabled customer base to grow up to between 3% and 4% annually. In addition VECO has ownership interests in eight distribution utilities, making it one of the largest electricity distributors in the Philippines and this has made many people to start businesses that correlate to power.

Veco has also led to many people in cebu to get jobs when they are employed in sectors that deal with power and this has enabled them to cater for their needs there by improving the business sector in terms of gaining customers. VECO franchise service covers an area of about 672 square kilometers with an estimated population of 1.73 million and this population have been helpful in promoting business industry.

Last but not the least VECO has provided convenience to customers something which has greatly boosted business sector.