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THE IMPACT OF MARKETING STRATEGIES ON PROFITABILITY OF ENTREPRENEURSHIP FIRM IN ABEOKUTA DISTRICT

Table of contents

CHAPTER ONE: Introduction                                                                    1

1.1      Background to the Study                                                                  1

1.2      Statement of the Problem                                                                 5        

1.3      Objective of the Study                                                                      6

1.4      Research Questions                                                                          7

1.5      Research Hypotheses                                                                       7

1.6      Justification of the Study                                                                  8

1.7      Scope of the Study                                                                           8

1.8      Limitation of the Study                                                                     9

1.9      Operational Definition of Terms                                                       9

CHAPTER TWO: Literature Review                                                          11

2.1      Conceptual Review                                                                          11

2.1.1   Concept of Marketing                                                                      11

2.1.2   Marketing in Entrepreneurial Firms                                                  14

2.1.3   Defining Strategy                                                                             15

2.1.4   Concept of Marketing Strategies                                                       18       

2.1.5   Product Marketing Strategy                                                              19

2.1.6   Promotion Marketing Strategy                                                          20

2.1.7   Concept of Profit and Profitability                                                    22

2.2      Theoretical Review                                                                          24

2.2.1   The Contingency Theory in Management                                          24

2.2.2   The Commitment – Trust Theory                                                      31

2.3      Empirical Review                                                                            34

CHAPTER THREE: Methodology                                                              38

3.1      Research Design                                                                              38

3.2      Population of the Study                                                                    38

3.3      Sample and Sampling Techniques                                                     39

3.4      Re-Statement of Research Hypotheses                                              39

3.5      Research Instrument                                                                         40

3.6      Source of Data                                                                                 40

3.7      Procedure of Administration of Instrument                                        40

3.8      Variables Specification                                                                    41

3.9      Model Specification                                                                         41

3.10    Validity and Reliability of Research Instrument                                 42

3.11    Method of Data Analysis                                                                  42

3.12    Limitations                                                                                      42

CHAPTER FOUR: Data Presentation, Analysis and Interpretations                   43

4.1      Demographic Distribution of Respondents                                        43

4.2      Testing of Hypotheses                                                                      45

4.3      Discussion of Findings                                                                     48       

CHAPTER FIVE: Summary, Conclusion and Recommendation                     50

5.1      Summary                                                                                         50       

5.2      Conclusion                                                                                      51

5.3      Recommendations                                                                            52

5.4      Suggested Area for Further Studies                                                   53

References                                                                                                 54

Appendix: Questionnaire                                                                            62

 LIST OF TABLES

Table Title                                                                                               Page

2.1      Summary of the Miles and Snow strategy typology                            16

4.1.1   Gender Distribution of Respondents                                                  43       

4.1.2   Age Distribution of Respondents                                                      44

4.1.3   Marital Distribution of Respondents                                                  44

4.1.4   Distribution of Respondents by their Educational Level           45

4.2.1   Relationship between Marketing Strategies and Profitability of

          Entrepreneurship firm                                                                      46

4.2.2   Relationship between Innovation and Profitability of

          Entrepreneurship Firm                                                                      47

Abstract

This study to examine the impact of marketing strategies on Profitability of Entrepreneurship firm in Abeokuta District. The study employed descriptive survey research design. This study was based on secondary and primary data. Primary data was collected through the method of sample survey and for this purpose a structured questionnaire was used as the research instrument. Data was gathered by the sample of 

One hundred and thirty top management staffs of thirty entrepreneurs firms in Abeokuta, Ogun State. Both descriptive statistics and inferential statistics such as bivariate correlation and linear regression were applied through SPSS to test the validity of formulated hypotheses. The findings of the study showed that marketing strategies adopted by entrepreneurial firms has a significant relationship with their profitability. It also revealed that there was significant relationship between innovation and profitability of entrepreneurship firms. In order to continue to grow on previous performance, greater emphasis should be placed on new products.

 

Keywords: Marketing strategies, Entrepreneurship firms, Profitability. 

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