Place Of Conventional Marketing Theories And Techniques In Terms Of Pricing, Distribution And Advertising, In The Management Of Small Scale Enterprises In Nigeria

Michael Okpara University | 82 pages (18933 words) | Projects
Marketing | Co Authors: UDUMAOFIA CHINENYE AMBLESSED

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.

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APA

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 Sep 21, 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

MLA 8th

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 21 Sep. 2024.

MLA7

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. 21 Sep. 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 >.

Chicago

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 21 Sep. 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

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