American Journal of Economics, Finance and Management
Articles Information
American Journal of Economics, Finance and Management, Vol.1, No.5, Oct. 2015, Pub. Date: Jul. 25, 2015
Analysis of the Effect of Advertising on Sales Volume of an Agro-Allied Company: A Case of Benue Brewery Limited, Makurdi, Benue State, Nigeria
Pages: 473-481 Views: 6062 Downloads: 15482
Authors
[01] Abah Daniel Abah, Department of Agribusiness, College of Agricultural Economics, Rural Sociology and Extension, Michael Okpara University of Agriculture, Umudike, Abia State, Nigeria.
[02] Abah Patience Olohiliye, Department of Business Management, Benue State University, Makurdi, Benue State, Nigeria.
Abstract
The broad objective of the study was to analyse the effect of advertising on sales volume of Benue Brewery Limited (BBL). The specific objectives were to: (i) examine the appropriateness of the media of advertising used by BBL; (ii) examine the suitability of the messages used by BBL in its advertisements; and (iii) to determine the relationship between advertising and sales volume in BBL. From the analysis, majority (46.90%) of respondents got to know about BBL products through the broadcast media, majority (86.34%) of respondents stated that the advising media used reach their target audience, majority (89.13%) of the respondents stated that the messages influence their buying behaviour, majority (81.68%) stated that they clearly understood the messages, majority (81.68%) of respondents stated that the advertising messages attracted them to BBL products, majority (81.68%) of the respondents enjoy the messages and majority (89.13%) of the respondents stated that the messages influence their buying behaviour. The study concludes that the media of advertising used by BBL were suitable, the messages were effective and there was a significant relationship between advertising and sales volume of BBL products. The study recommends that BBL should pay more attention to the broadcast media and word of mouth advertising, to improve on its budget so as to maintain increase in sales volume, should prepare adequately for increase in demand whenever adverts are being made and should carryout periodic review of its advertising messages to ensure that they suitable for the target market at all times.
Keywords
Analysis, Advertising, Sales, Volume, Agro-Allied, Benue, Brewery
References
[01] Abdullahi, D. (2014). Assessment of Advertising on the Sales Revenue and Profitability of Nigerian Bottling Company Plc. European Journal of Business and Management. 6(37): 144-154
[02] Adekoya, O. A. (2011). The Impact of Advertising on Sales Volume of a Product: A Case Study of Stacomms Plc, Nigeria. Unpublished B.Sc thesis, Hamk University of applied Sciences.
[03] Akanbi, P. A. and Adeyeye, T. C. (2011). The Association between Advertising and Sales Volume: A case Study of Nigerian Bottling Company Plc. Journal of Engineering Trends in Economics and Management. 2(2): 117-123
[04] Akpa, A and Angahar, P. (1999). Essentials of Research Methodology. Illupeju, Lagos. A division of Aboki Holdings Ltd.
[05] Alamu, J. F and Olukosi, J. O. (2008). Simplified Research Methodology: Principles and Practice. Zaria, Great Glory Publishers.
[06] Anyadike, R. N. C. (2009). Statistical Methods for the Social and Environmental Sciences. Ibadan, Sectrum Books Limited.
[07] Avwokeni, A. J. (2004). Practical Research Methodology Design, Analysis and Reporting. Port Harcourt, Unicampus.
[08] Bennet (2006). Promotion Management: A Strategic Approach. Yankee Clipper Books, Windsor, CT, USA
[09] Berry, L. L. (1983). Relationship Marketing. In: Berry, L. L., Shostack G. L. and Upah, G. D. (Eds.). Emerging Perspectives on Services Marketing. Chicago: American Marketing Association
[10] Boone L. E. and Kurtz D. L. (2007). Contemporary Marketing. Philadelphia: Prentice-Hall.
[11] Carmarthenshire County Council (2014). Managing your Business: Marketing your Business. Assessed on 12/10/2014 from http://www.carmarthenshire.gov.uk/English/business/Advice/Documents/Marketing%20Your%20Business%20PDF%20(3367%20KB).pdf
[12] Connie, E. (2010). Create an Effective Advertising Message. Assessed on 10/11/2014 from http://savannahnow.com/exchange/2010-04-26/create-effective-advertising-message.
[13] Deming, W.E. (1986). Out of crisis: Quality, productivity and competitive position. Cambridge: Cambridge University Press.
[14] Giles. (1997). Successful Marketing Technique Approach. New York, MacDonald and Evans Ltd
[15] Gilson, C and Berkman, H (1988). Advertising: Concepts and Strategies. 2nd edition. Random House USA Inc.
[16] Grönroos, C. (1994). From Marketing Mix to Relationship Marketing: Towards a Paradigm Shift in Marketing. Management Decision, 32(2): 4-20.
[17] Jefkins, F (1990). Introduction to Marketing, Advertising and Public Relations. 3rd edition. Macmillan Education Ltd. London
[18] Kotler, P. (2003). Marketing Management. 11th European edition, Practice Hall Private Limited.
[19] Kotler, P. and Armstrong, G. (2010). Principles of Marketing. 12th edition. Prenctice Hall, India.
[20] Kotler, P. and Keller, K. (2006). Marketing Management. New Delhi: Prentice-Hall
[21] McGuire, W. J. (1968). Personality and attitude change: An information-processing theory. In A. G. Greenwald, T. C. Brock, & T. M. Ostrom (Ed.), Psychological foundations of attitudes (pp. 171-196). New York: Academic
[22] Miller, R. W. Perry, T. A. and Storm, V. H. (2002). Promotional Mix and Business Performance. Journal of Social Sciences, 4(4):163-185.
[23] Morden, A. R. (1991). Elements of Marketing. D.P. Publication Ltd. London
[24] Nowak, M. J., Cameron, G. T., and Krugman, D, M. (1993). How Local Advertisers Choose and Use Advertising Media. Journal of Advertising Research. 33(6): 39-49
[25] Osuagwu, L. (2008), Business research methodology: Principles & Practice. Lagos: 4th edition. Grey Resources Limited
[26] Parker, F and Peterson D. (2012). Stratified Random Sampling. Assessed on 20/10/2014 from http://www.math.montana.edu/~parker/PattersonStats/Stratified.pdf
[27] Phelan, C and Wren, J (2006). Exploring Reliability in Academic Assessment. Assessed on 20/12/2014 from https://www.uni.edu/chfasoa/reliabilityandvalidity.htm
[28] Russo, J. E. and Chaxel, A. (2010). How Persuasive Messages can Influence Behaviour without Awareness. Journal of Consumer Psychology. 20(1): 338 - 342
[29] Sajuyigbe, A. S., Amusat, W. A. And Oloyede, O. (2013). Impact of advertising on Organisational Sales Turnover: Nigerian Breweries Plc Experience. European Journal of Business and Management. 5(4): 22-26
[30] Sin, M. E., Osborne, T. and Xavier, P. (2005). Relationship Marketing and Business performance. International journal of service marketing, 2(3):116-131.
[31] Tat, P. K. and Schwepker, C. (1998). An Empirical Investigation of the Relationships between Rebate redemption motives: Understanding how price consciousness, time and effort, and satisfaction affect consumer rebate redemption. Journal of Marketing Theory and practice, 6(2): 61-71.
[32] Thomas, J. W. (2008). Advertising Effectiveness. Assessed on 13/11/2014 from http://www.decisionanalyst.com/publ_art/adeffectiveness.dai
[33] Wanoff, S. M. (1997). An Introduction to Persuasive Advertising. Bailey Brothers Swiffen. Folkstone.
[34] Zoltners, A. A., Sinha, P. and Lorimer, E. S. (2009). Building a Winning Sales Force: Powerful Strategies for Driving High Performance. American Management Association.
600 ATLANTIC AVE, BOSTON,
MA 02210, USA
+001-6179630233
AIS is an academia-oriented and non-commercial institute aiming at providing users with a way to quickly and easily get the academic and scientific information.
Copyright © 2014 - American Institute of Science except certain content provided by third parties.