1.0 INTRODUCTION
An organization marketing strategies is the most expression of its
business policy. Product acceptance remain the control central
nervous for organization to make sales and remain in business
especially in this recent global economic crisis. Organization now
understand that product acceptance required a good marketing
strategies that will divide the heterogeneous market into a distinct
subset that will allow a right selection of the best segment that accept
their product otherwise firm will waste time servicing the large
heterogeneous market and incurring expenses unnecessarily with low
sales.
In this research the following will be considered about product
acceptance using market segmentation as a strategy:
● The reason why a market should be segmented in other for
product to be accepted by the target market
● That the right product can be rejected when the wrong market is
sampled.
● That product acceptance is a factor for increases of sales and
profit generation which keep firm in business.
● Also see the need why company can embark on market
segmentation which is the act of dividing a market into distinct
and meaningful subset of consumer who might merit separate
marketing program for product acceptance.
In view of the importance of market segmentation in planning for
sales and product acceptance Dansa Food Drink Company Kaduna
Nigeria need to embrace the advantages of this concept and see the
extent the benefit it could derive from its adoption. It is on this basis
the realization that the idea of this topic is considered.
1.1 BACKGROUND OF THE STUDY
The heterogeneous market is made up of several customers with
difference in social class culture belief sex age literacy level etc.
This problem has made it more difficult for a single product to be
accepted by all in the market which lead to rejection of product when
the wrong market is sample with the right product; this has given both
the organization and the market of such product to be restless.
This study will be pointing out the following:
● The basis for segmentation methods of market segment
requirement for effective market segmentation and finally the
benefit of segment on product acceptance.
1.2 STATEMENT OF THE PROBLEM
The long queue in supermarket has drastically reduced product are
rejected by consumers complaining they received product. They do
not need consumers awareness is becoming high daily through
media advertisements.
● Organizations now ask question that how can they identify the
right market and target market.
● Loyal consumers also complain that they are not been
recognized by the producer.
● Marketers are asking what marketing strategies could be
adopted to identify the target consumers.
● Above are problem affecting most organization general
product acceptance.
1.3 PURPOSE AND OBJECTIVES OF THE STUDY
The purpose of the study is in relation to the problems affecting the
impact of market segmentation on product acceptance of Dansa
Food Drinks Company Kaduna.
These are as follows:
● To identify the problem militating against the company
marketing activities for product acceptance.
● To find out those factors that undermined the market
segmentation strategies of Dansa Food Drink
● To evaluate the impacts of the problem to Dansa Food Drink
corporate objective
● To provide solutions to the rejection of product using market
segmentation.
1.4 SIGNIFICANT OF THE STUDY
The significant of this study is the analysis of segmentation as a
strategy for product acceptance.
The study at its end will show clearly how much market segmentation
has contributed to product acceptance and making available to
sphere the Nigeria economy though a very serious attempt is made
to cover the impact of market segmentation on product acceptance in
Nigeria.
1.5 STATEMENT OF HYPOTHESIS
H
o
: Market segmentation strategies do not have impacts towards
product acceptance
Hi: Market segmentation strategies have impact towards product
acceptance.
1.6 SCOPE AND DELIMITATION OF THE STUDY
The scope of this study is narrowed to a specific target market that is
the product acceptance of Dansa Food Drink in Kaduna. Emphasis
will be given on the impact of segmentation strategies to enhance
product acceptance.
The limitation of this project is the unavailable information constraint
of time and money.
1.7 DEFINITIONS OF TERMS
Strategy: It is a plan of action designed by a company to ensure that
the objective and plan for the organization are going as planned and
achieved.
Target Market: Is a style used by a company or a seller to
distinguish between different groups marketing of the market.
Heterogeneous Market: This is the total market at large that consist
of parts or aspect that are not usually related or dissimilar parts.
Product Life Cycle: Is the lifespan of the product in the market from
the early stage which is called the introduction to the declining stage
where the product dies or re-introductions.
Marketing Mix: This is one blend of marketing variable and it is the
unique combination of marketing activities that help a firm to provide
satisfaction to the market.
Promotional Mix: Is the combination of communication methods or
promotional tools used to achieve the promotional objective or create
awareness of the marketing mix.
Brand: It is the combination of a products name term sign
symbols design or a combination of things used to beautify the
product or services.
Project Information
Price
NGN 3,000Pages
72Chapters
1 - 5Program type
higher national diploma (hnd)
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