Select Currency
Translate this page

MARKETING RESEARCH AS A TOOL FOR INCREASED PROFITABILITY

Format: MS WORD  |  Chapter: 1-5  |  Pages: 58  |  1945 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE COMPLETE PROJECT

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND OF THE STUDY

The mineral water industry is slightly transforming into a buyers’ neither hitherto to a sellers’ market, which it had been for a very long time.  This draft may be attributed to the several new entrants into the industry.  This situation had made the several industries to strive to survive and hence what? The need for effective marketing tools for survival or for attainment is the watchword of every business organization, therefore organizations always work very hard towards the attainment of their objective of set of objectives.  In trying to do this, the organization has to imply some of the laid down scientific or modern techniques.  Business today should be formulated and demand that planned and defined systems and tools be formulated and adopted to meet organization’s requirements, and one of such tools in marketing research. 

Marketing research according to Philip Kottler in Journal of marketing is the systematic design, collection, analysis and reporting of data and findings relevant to a specific marketing situation facing the company.  Also American Marketing Association (2004:4) defined marketing researcher as the formation that links the consumer, customer and public to the marketer through information used to identify and define marketing opportunities research as the “use of scientific method, to collect information relevant to the marketing of goods and services marketing research concerns itself with co-coordinating responsibilities comparing actual sales volume with forecasted sales volume and acting upon result to achieve maximum profit.  The universal application of marketing organization and other fields of human endeavour cannot be over emphasized and the Nigerian Bottling Company is not an exception in this direction.

As already stated that in the Nigerian context, the sellers’ market rather than the buyers’ market had been obtainable, this is a situation where whatever sellers of products of goods and services offered to the market must be sold.  This situation emanated from the fact that the country is experiencing production crises which has led to crises of short supply and always satisfy their consumers adequately.

This situation has been worsened by the non-existence of consumerist activities in Nigeria which has made it impossible for the Nigerian consumers to influence governments’ legislation to protect their rights, the very few attempts which government had made to protect the consumers had been recklessly flouted by the business sector.  Consumerism is beneficial firstly to consumers and manufacturers alike because such association will provide a “go ahead” to manufactures which have what the consumers need and approves, and this can only be achieved through marketing research.

The Nigerian Bottling Company first came to Nigeria in 1953 and established its first bottling plant in Lagos.  This was to be the beginning of growth and development in 1956, two other plants were established in Kano, and Jos respectively.  The opening of the Ibadan plant followed in 1961, the next was that of 1970. The Enugu plant at 9th mile corner Ngwo was established in 1975.  in all, there are about 21 bottling plants in several parts of the country.  In some states where bottling plants are non existents, large depots are always maintained to serve the growing demand for the products by consumers in those areas.

The Nigerian Bottling company plc are sole markers of several brands of soft drinks in Nigeria.  Their products include cocoa-cola, fanta orange, fanta tonic water, fanta ginger Ale, fanta chapman, fanta lemon, five alive, fanta soda, Eva water sprite and krest bitter lemon. The Nigerian Bottling brought with it the development of number of allied establishments all contributing to the growth of the Nation.  Some of the establishments are the Delta Glass company at Ugheli, Delta State that supplies the Nigerian bottling company with the millions of bottles they used, the crown products factory at Ijebu-Ode, Ogun State and Kano state respectively, which manufacture the metal cork used in sealing the bottles, the Benin plastic company, which make the creates for carrying the products. The Nigeria Bottling Company as the leader in soft drink production in Nigeria employs more than 60,000 Nigerians in all fields of its operation.  The company has immensely helped in the development of sport and sporting activities mainly through sponsorships and promotions.

1.2    STATEMENT OF THE PROBLEM

A company may have good innovation well equipped plant and office facilities strategically located and good promotion activities but if it has no place for effective marketing research which will bring about customers satisfaction, then the whole effort used in putting the other factors in place has been wasted.  Some of these areas, the study will look into for improvement of this study are;

i.  The need to improve the product quality offered to the customers.

ii.  Effect of production and supply crises.

iii.  Low profitability on the side of the producer

iv.  Lack of interest in the customers satisfaction.

1.3    PURPOSE OF STUDY

i.  To determine to what extent marketing research can improve product quality.

ii.  To curb production and supply crises through marketing research programme.

iii.  To find out the extent to which marketing research can increase profitability.

iv.  To ascertain the extent to which marketing research can affect customers satisfaction.

1.5    RESEARCH QUESTIONS

To guide this project work, three research questions were formulated to ensure charity.

i.  To what extent has marketing research improved product quality.

ii.  To what extent has marketing research results been used to curb production and supply crises.

iii.  To what extent has marketing research affected customer satisfaction.

1.6    NULL HYPOTHESIS

H0:  There will be no significant difference between marketing research and profitability of an organisation.

Ho:  There will be no significance difference between a mean perception of senior and junior staff of Nigerian Bottling Company Enugu on how marketing research results is been used to curb production and supply crises.

Ho:  There will be no significance difference between a mean perception of senior and Junior staff of Nigerian Bottling Company Enugu on how marketing research increased profitability.

Ho:  There will be no significance between between a mean perception of senior and junior staff of Nigerian Bottling Company Enugu on how marketing research affected customers satisfaction.

1.7    SIGNIFICANCE OF THE STUDY

The benefits of this study are speeded to everybody including the company, competitors, readers and myself with the customers.  The significant of this study should not be left out because without marketing research the organization like the one mentioned in our introduction will not be moving forward. The company will be benefiting through the means of knowing where they are lacking and where they are to improve when we talk about the competitors, of course, they gain by knowing to challenge or compete, with the competitors, also about the readers of this particular project, the research will benefit the readers in the aspect of selecting or knowing the best mineral company they should go for and this will include the customers also because sometimes readers night be one of their customers.  So, the significant of this research to the researcher is a lot, although I went through a lot of stress but eventually I got what I wanted, so I benefited by knowing how they produce their products and how they’ve been talking with their competitors and have more understanding about the above company.

  DOWNLOAD THE COMPLETE PROJECT

MARKETING RESEARCH AS A TOOL FOR INCREASED PROFITABILITY

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON MARKETING RESEARCH AS A TOOL FOR INCREASED PROFITABILITY INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Abdul Mateen Iddrisu
UDS
At first I taught is a site full of fraudsters until I saw my project in my Gmail after my payment.. THANK YOU IPROJECTMASTER and May God the almighty bless u guys abundantly
Excellent
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
Abraham Ogbanje
NATIONAL OPEN UNIVERSITY OF NIGERIA
At first I was afraid.. But I discovered they are legit. I will bring more patronize
Very Good
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent
Samuel From Ajayi Crowther University
You guys just made life easier for students. Thanks alot iprojectmaster.com
Excellent
Adam Alhassan Yakubu
UDS
Excellent work and delivery , I promise to share my testimonies everyone in need of this kind of work. You're the best
Excellent
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Oluchi From Michael Opara University
If you are a student and you have not used iprojectmaster materials, you are missing big time! iprojectmaster is the BEST
Excellent
Peace From Unilag
I cried not knowing how to go about my project but the day i searched online and saw iprojectmaster, i called and got my full project in less than 15minutes, i was shocked!
Excellent

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on MARKETING RESEARCH AS A TOOL FOR INCREASED PROFITABILITY?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on MARKETING RESEARCH AS A TOOL FOR INCREASED PROFITABILITY?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for MARKETING RESEARCH AS A TOOL FOR INCREASED PROFITABILITY, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!