Project Topic:
ANALYSIS OF CONSUMER BEHAVIOUR VARIABLES IN THE ATTAINMENT OF CORPORATE GOALS
ABSTRACTThis study seeks to analyze consumer behaviour variables in the attainment of corporate goals. The survey research design was adopted.. The population of the study was made up of the entire staff of selected brewery firms in Port Harcourt, Rivers State including Pabod Breweries and Nigerian Bottling Company which is unknown. The sample size for this study is 100. The simple percentage was used to analyse the response. The Chi-Square statistical techniques were used to test the hypothesis. Findings reveal that there is a significant relationship between consumer behavior variables and the attainment of corporate goals. Based on the findings of the study, we recommendations that there should be an integrated package of marketing mix offer for each of an organization’s target market, businesses organizations should identify target market and design appropriate marketing programme that will best provide want satisfying products, consumers should be placed under close checks or surveillance in which case worthwhile information about their internal and external environmental variables such as perception, custom, religion, social class and reference group are fully identified and more than the intrinsic or objective, characteristics of a product is how the market receives and perceive it.
TABLE OF CONTENTSTITLE PAGE iDECLARATION iiCERTIFICATION iiiDEDICATION ivACKNOWLEDGEMENTS vABSTRACT viTABLE OF CONTENTS vii
CHAPTER ONE 1INTRODUCTION 11.1 BACKGROUND OF THE STUDY 11.2 STATEMENT OF PROBLEM 41.3 OBJECTIVES OF THE STUDY 51.4 RESEARCH QUESTION 51.5 RESEARCH HYPOTHESIS 61.6 SIGNIFICANCE OF THE STUDY 61.7 SCOPE OF THE STUDY 61.8 LIMITATIONS OF THE STUDY 71.9 DEFINITION OF TERMS 7
CHAPTER TWO 9REVIEW OF RELATED LITERATURE 92.1 CONCEPTUAL FRAMEWORK 92.1.1 CONSUMER BEHAVIOUR IS AN ASPECT OF HUMAN BEHAVIOUR 102.1.2 IMPORTANCE OF CONSUMER BEHAVIOR 132.1.3 TYPES OF CONSUMER 152.1.4 DIMENSIONS OF CONSUMER BEHAVIOUR 162.1.5 PERCEPTIVE OF CONSUMER BEHAVIOR 192.1.6 CONSUMER BUYING DECISION 222.1.6 STAGES IN CONSUMER BUYING PROCESS 242.1.7 CORPORATE GOAL 262.1.8 MEASURES OF CORPORATE GOALS 272.2 THEORETICAL FRAMEWORK 292.2.1 THE UTILITY DEMAND THEORY 292.2.2 SOCIAL JUDGMENT THEORY 292.3 REVIEW OF EMPIRICAL STUDIES 302.4 SUMMARY OF LITERATURE 36
CHAPTER THREE 37RESEARCH METHODOLOGY 373.2 RESEARCH DESIGN 373.4 SAMPLING TECHNIQUES USED 383.5 SAMPLE SIZE 383.6 SOURCE OF DATA 383.7 RESEARCH INSTRUMENT 39
CHAPTER FOUR 41DATA PRESENTATION AND ANALYSIS 414.1 QUESTIONNAIRE ADMINISTRATION AND RETRIEVAL 414.2 DATA ANALYSIS 424.3 HYPOTHESIS TESTING 474.4 DISCUSSION OF FINDINGS 50
CHAPTER FIVE 53SUMMARY, CONCLUSION AND RECOMMENDATION 535.1 SUMMARY 535.2 CONCLUSION 535.3 RECOMMENDATIONS 54REFERENCE 55Appendix I 57APPENDIX II 58
CHAPTER ONEINTRODUCTION1.1 BACKGROUND OF THE STUDYConsumer behavior is an aspect of human behavior. Human behavior is considered to be a total process where an individual interact with his environment.Consumer behavior deals with two individual purchase goods and services from marketing firm. It relate to buying habit or patterns of behavior of consuming public either in general, single or in specific group.According to Walter and Paul (1965) in Nwachuku (2014) defined consumer behavior as the process whereby individual decide whether, what, when, where, how and from whom to purchase goods and services.Okey .G. Orji (2016) defined consumer behavior as those problem solving activities undertaken by the consumer with a view to reducing purchase related risks while enhancing satisfaction by buying the right goods and services.There are different processes involved in the consumer behavior. Initially the consumer finds what he would like to consume then select the commodities that promise greater utility. Several factors influence consumer behavior, it is important that marketers must have relative knowledge about consumer behavior. After understanding human needs and wants with the desire to fulfill these needs. Another general phenomenon to be understood is the consumer behavior in the process of buying. Various factors influences consu8mer in his purchase decision base on; economics, psychological, cultural, sociological personal etc.Kotler (2000) in general an individual buying choice are influence by sight of the product of be purchase, belief and attitude.The consumer is a broad label for any individual that uses goods and services generated within the economy. Arnold (1978) the concept of consumer occurs in different context so that the usage and significance of the term may vary. The consumer behavior is an important factor to indicate the decision making process in buying goods for the organization.Arnold (1982) the buying behavior also influence by internal and external factors. The internal factors comprises of perception, resources, knowledge, attitude, personality, values and life style.Engel Blackwell and Minard (1995) the external facto comprise of cultural, economic, psychological, sociological etc. social class, reference group and situation also determine the decision process.Arnold (1982) the success of any marketing programme depends on the ability of the marketers to identify and satisfies the need of actual and potential consumers. The consumer is a very complex being therefore is not always easy to predict his behavior in some given situation.This study attempt to fill in the gap with the main objective of investigating the analysis of consumer behavior, variables in the attainment of corporate goals. It focuses on understanding that aspect of consumer behavior which the marketer should carefully take in other to attain corporate goals.The study is based on postulate of rationality it means that consumers are very rational and consider cost benefits. The consumer is assumed to choose among the available alternatives in such a manner that the satisfaction derived from consuming goods and services is as large as possible. This implies that the consumer is aware of the alternative and is capable of evaluating them. All information pertaining to the satisfaction that consumer derives from various quantities of commodities is contain in his utility function which shows the functional relationship between the level of satisfaction they consume.The consumer is the central focus of every marketing activity. It stands to reason that marketers must appreciate the importance of consumer behavior which will enables him to reasonably predict the consumer purchase pattern.Subsequently make profitable marketing decision and answer such question as;Who are the consumers?Where do they live?What product and brand do they prefer and buy?What is an idea brand of them?How often do they buy?How do they react to price changes? etc.The marketer in answer question such as above and many more would be learning the importance of the consumer and his purchase behavior patterns. An in-depth understanding if the present and potential consumers and his behavior are essential.1.2 STATEMENT OF PROBLEMThe variable that are used in consumer behavior are numerous, they include; cultural, sociological psychological, demographic etc. these variables affect business organization in achieving their objectives. Marketers need to have a deep knowledge of to it consumer. Reverse has been the case over the years thereby leading to ineffective marketing in an organization. This study provides a platform for analyzing these variables of consumer behavior so as to know how each will help in the attainment of corporate goals.1.3 OBJECTIVES OF THE STUDYThe main objective of the study is to examine the relationship between consumer behavior variables and essential attainment of corporate goals. The specific objectives are as follows;i. To understand demographic factors and their contribution towards the attainment of corporate goals.ii. To examine the relationship between the cultural factor and the attainment of corporate goals.iii. To find out the extent to which the social factor relate with the attainment of corporate goals.1.4 RESEARCH QUESTIONi. Does demographic factor contribute towards the attainment of corporate goals?ii. To what extent do cultural factor and the attainment of corporate goals relates?iii. What is the extent to which the social factor relates with the attainment of corporate goals?1.5 RESEARCH HYPOTHESISHO1: There is no significant relationship between demographic factors and the attainment of corporate goals.HO2: There is no significant relationship between cultural factors and the attainment of corporate goals.HO3: There is no significant relationship between social factors and the attainment of corporate goals.1.6 SIGNIFICANCE OF THE STUDYThe study is focused on gaining a detail insight on analysis of consumer behavior variable in the attainment of corporate goals.This research project paper will be beneficial to those who have quest for more knowledge and the society. It will also serve as a guard for student who is researching on analysis of consumer behavior. There it will serve as a guard to marketers, companied and distributors etc.1.7 SCOPE OF THE STUDYThe scope will be limited to the variables of consumer behavior which affect the attainment of corporate goals. It also covers a wider area of identifying the consumer behavior and step for the attainment of corporate goals. The study limits scope to some selected manufacturing companies in Port Harcourt, Rivers State. With reference to Pabod Breweries and Nigerian Bottling Company.1.8 LIMITATIONS OF THE STUDYFor any research work to be meaningful one must encounter some problem in the course of carrying out the research under study. Among these constraint is: The time frame which this research was expected to be completed was too short.Secondly, the cost in carrying out this research work act as a barriers as I was not financially buoyant to be carry out all investigation.Finally, assembling the relevant materials needed this work was a problem. It is difficult due to the fact that some of material are not available.1.9 DEFINITION OF TERMSConsumer:- As consume is the ultimate user of a product and service.Consumer Behavior:- This refers to a process where an individual decide whether, what, when, where, how and from whom to purchase goods and services.Variables:- Is a characteristics, number or quantity that increases or decreases overtime or take different values in different situation.Attainment:- Is that fact of achieving a goal towards which one has work.Corporate:- This refers to characteristics of individual acting together or a joint identify f a collective mind.Goal:- A desire that result a person or a system envisions, plans ad commits to achieve.
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