Effect Of Promotional Strategies On The Performance Of Manufacturing Firms In Nigeria (A Study Of Pz Cussons Plc, Lagos)

DURU ONYEKACHI SYLVIA | 58 pages (10391 words) | Projects

ABSTRACT

 The study set out to explore the effect of promotional mix on marketing performance of manufacturing firms in Nigeria (a case of PZ Cussons Plc). The problem stems from the consistent inability to allocate enough resources to the sales force to carry out their duties effectively and efficiently, which over time results to poor sales volume andprofit after tax. The major objective is to analyze the effect of promotional mix on the marketing performance of manufacturing firms in Nigeria. Specifically, the objectives were to determine the relationship that exists between the public relations and profitability of the PZ Cussons Plc, examine the effect of advertising on sales growth and to ascertain the effect of sales promotion on sales volume. Secondary data was used forthe study which constituted annual reports of various issues and the data were simple regression and Pearson correlation statistical analysis. The result of the findings showed that on the relationship existing between public relations and sales volume, there is a very weak relationship between the two variables, advertising and sales growth were found to have sign/icant relationship and It was ascertained that there is significant relationship between sales promotion and sales volume. From the correlation coefficient and R2 value of 0.536 indicated that 53.6 of the total variation in the dependent variable was accounted for by the independent variable (Sales Promotion). The study concludes that all round development of the industrial sector is possible with the integration of sound promotional strategies and exploitation of knowledgeable human resources and as well as adopting the right promo tools that suits the target market. The study reconnnends that sales growth is one of the key preconditions to survive in the market, thus firms should use educative and persuasive promotional strategies that will always attract customer patronage, the company needs to have a sound knowledge of the target market as this will help them to know the promo mix to apply at any point in time in the cause of their operations, the promotional functions should be entrusted into the hands of experienced professionals and expects who can gainfully utilize the limitedfund budgetedfor promotions, etc. Suggestions of areas for fun' her studies were given.

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APA

DURU, S (2021). Effect Of Promotional Strategies On The Performance Of Manufacturing Firms In Nigeria (A Study Of Pz Cussons Plc, Lagos). Repository.mouau.edu.ng: Retrieved Dec 23, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-promotional-strategies-on-the-performance-of-manufacturing-firms-in-nigeria-a-study-of-pz-cussons-plc-lagos-7-2

MLA 8th

SYLVIA, DURU. "Effect Of Promotional Strategies On The Performance Of Manufacturing Firms In Nigeria (A Study Of Pz Cussons Plc, Lagos)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 29 Nov. 2021, https://repository.mouau.edu.ng/work/view/effect-of-promotional-strategies-on-the-performance-of-manufacturing-firms-in-nigeria-a-study-of-pz-cussons-plc-lagos-7-2. Accessed 23 Dec. 2024.

MLA7

SYLVIA, DURU. "Effect Of Promotional Strategies On The Performance Of Manufacturing Firms In Nigeria (A Study Of Pz Cussons Plc, Lagos)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 29 Nov. 2021. Web. 23 Dec. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-promotional-strategies-on-the-performance-of-manufacturing-firms-in-nigeria-a-study-of-pz-cussons-plc-lagos-7-2 >.

Chicago

SYLVIA, DURU. "Effect Of Promotional Strategies On The Performance Of Manufacturing Firms In Nigeria (A Study Of Pz Cussons Plc, Lagos)" Repository.mouau.edu.ng (2021). Accessed 23 Dec. 2024. https://repository.mouau.edu.ng/work/view/effect-of-promotional-strategies-on-the-performance-of-manufacturing-firms-in-nigeria-a-study-of-pz-cussons-plc-lagos-7-2

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