ABSTRACT
The work considers the place of
conventional marketing memories and techniques in the operations of small scale
enterprises in Nigeria, it thrust is pricing, distribution and promotion with
special bias for adverting. The main objective of this study is to examine the
place of conventional marketing theories and techniques in the management of
small scale enterprises in Nigeria. A study of selected firms in Abia State
Nigeria. The specific objectives includes to Ascertain the effect of exclusive
distribution theory and pricing techniques on effective planning in small scale
enterprises. Examine the effect of skimming pricing theory on sales performance;
ascertain the effect of advertising on product diffusion. The data base is
survey oriented thus questionnaire guided. A total of 60 selected small and
medium scale enterprises were surveyed and data was analysed using spearman
rank correlation, Pearson correlation and simple regression: The summary of findings
of this research work are; the adoption of exclusive distribution theory and strategy
in the marketing of products among small
scale enterprises in Nigeria do not significantly affect sales volume planning.
This is because the market offer of these firms are not often unique to evoke
demand and the level of competition and the small scale enterprise level is also
very high. The enterprises also find it difficult to segment their market and
the geographic spread of these market is not wide. Based on this, market planning
and management activities are poorly executed. Skimming pricing strategy and
theory is not acceptable among small scale enterprises in Nigeria especially as
(hey do not enhance sales performance. This situation is traceable to the
quality of the product of these firms. They lack innovative and aesthetic values
that attract demand in the absence of the pull and push advertising strategies,
hence sales volume is observed to be low, market coverage is poor and customer
loyalty is difficult to be established and sustained. Advertising contributed significantly
in the product diffusion pr.7cess especially based on the use of below the line
media of word of mouth communication, mobile vehicular advert, referral
marketing and the use of opinion leaders. These media of advertising complement
the role of the push and pull advertising strategies given the poorly adopted
role of marketing intermediaries. In line with the major findings of this work,
the researchers recommend that Small and medium scale enterprises should employ
exclusive distribution theory and strategy in the marketing of products and should
also improve on their product offer and make them unique so as to evoke demand
and should also adopt segmentation technique. This will enhance market planning
and management activities. Small and medium scale enterprises should also improve
the quality of their products as they lack innovative and aesthetic values that
attract demand in the absence of the pull and push advertising strategies,
which would have q positive effect On sales volume, market coverage and
customer loyally. Small and medium scale should also improve on advertising
techniques so as to enhance the product diffusion process using efficient
and effective advertising media.
MICHAEL, U (2021). Place Of Conventional Marketing Theories And Techniques In Terms Of Pricing, Distribution And Advertising, In The Management Of Small Scale Enterprises In Nigeria. Mouau.afribary.org: Retrieved Dec 27, 2024, from https://repository.mouau.edu.ng/work/view/place-of-conventional-marketing-theories-and-techniques-in-terms-of-pricing-distribution-and-advertising-in-the-management-of-small-scale-enterprises-in-nigeria-7-2
UNIVERSITY, MICHAEL. "Place Of Conventional Marketing Theories And Techniques In Terms Of Pricing, Distribution And Advertising, In The Management Of Small Scale Enterprises In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 19 Jul. 2021, https://repository.mouau.edu.ng/work/view/place-of-conventional-marketing-theories-and-techniques-in-terms-of-pricing-distribution-and-advertising-in-the-management-of-small-scale-enterprises-in-nigeria-7-2. Accessed 27 Dec. 2024.
UNIVERSITY, MICHAEL. "Place Of Conventional Marketing Theories And Techniques In Terms Of Pricing, Distribution And Advertising, In The Management Of Small Scale Enterprises In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 19 Jul. 2021. Web. 27 Dec. 2024. < https://repository.mouau.edu.ng/work/view/place-of-conventional-marketing-theories-and-techniques-in-terms-of-pricing-distribution-and-advertising-in-the-management-of-small-scale-enterprises-in-nigeria-7-2 >.
UNIVERSITY, MICHAEL. "Place Of Conventional Marketing Theories And Techniques In Terms Of Pricing, Distribution And Advertising, In The Management Of Small Scale Enterprises In Nigeria" Mouau.afribary.org (2021). Accessed 27 Dec. 2024. https://repository.mouau.edu.ng/work/view/place-of-conventional-marketing-theories-and-techniques-in-terms-of-pricing-distribution-and-advertising-in-the-management-of-small-scale-enterprises-in-nigeria-7-2