PENETRATION PRICING STRATEGY AS TOOL FOR EFFECTIVE MARKETING OF PHARMACEUTICAL PRODUCTS IN NIGERIA (A STUDY OF JUHEL PHARMACEUTICAL LIMITED)

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ABSTRACT

This study seeks to examine the effect of Packaging on Consumer Buying Behavior of selected Cosmetics products in Aba, Abia State with particular interest in context of PZ Cussons Plc, in a bid to achieve the set objectives the researcher constructed a well-structured questionnaire. The researcher made use of primary data and adopted random sampling techniques. Base on the finding made by the researcher, the cosmetics manufacturers should design their package in such a way that it adds considerable value in influencing consumers’ perception and purchasing decisions in the retail environment. Also the quality of the labelling and packaging and appearance of product should be improved, and graphics, information and words chosen to be put on the package should be well crafted.

 



TABLE OF CONTENTS

Title Page                                                                                                                                i

Declaration                                                                                                                             ii

Certification                                                                                                                            iii

Dedication                                                                                              iv

Acknowledgments                                                                                v

List of Figures                                                                                     vi

List of Tables                                                                                      vii

Table of Contents                                                                               viii

Abstract                                                                                               x

 

CHAPTER 1

INTRODUCTION

1.2        Background to the Study                                                                                      1

1.3        Statement of Research Problem                                                                           3

1.4        Objective of the Study                                                                                          4

1.5        Research Questions                                                                                              5

1.6        Research Hypotheses                                                                                            6

1.6       Significance of the Study                                                                                           6

1.7       Scope of the Study                                                                                                      7

 

CHAPTER 2

REVIEW OF RELATED LITERATURE

2.1.1    Overview of Packaging                                                                                              9

2.1.2    Packaging Color                                                                            11

2.1.3    Packaging Material Quality                                                        15

2.1.4    Design of wrapper                                                                         15

2.1.5    Innovation                                                                                    15

2.2       Importance of Packaging                                                            15

2.3       Consumer Behaviour                                                                  16

2.3.1    Overview of Buying Decision                                                     17

2.4       Brief History of Pz Paterson Zochonis Plc                                                                 18

2.5       Overview of Cosmetics Product                                                                                 20

2.6       Theoretical Framework                                                                                              22

2.6.1    Consumer Buying Behaviour Theory                                                                         23

2.6.2    The Theory of Attractive Quality                                                                               24

2.6.3    Kotler’s Behaviour Choice Model                                                                             24

2.7       Empirical Review                                                                                                       25

2.8       Summary of Literature                                                                                               26

 


CHAPTER 3

RESEARCH METHODOLOGY

3.1       Research Design                                                                                                         28

3.2       Area of Study                                                                                                              28

3.3       Population of the Study                                                                                              29

3.4       Sampling Techniques and Sample Size                                                                      29

3.4.1    Sample Size                                                                                                                29

3.5       Validity of Instrument                                                                                                30

3.5.1    Reliability of the Instrument                                                                                       30

3.6       Sources of Data Collection                                                                                         30

3.7       Method of Data Analysis                                                                                            30

3.7.1    Model Specification                                                                                                   31

 

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF DATA

 

4.1       To investigate the extent to which consumers are motivated to purchase               cosmetics products                                                                                               32

4.2       To investigate the extent to which packaging increases consumers satisfaction for cosmetics products                                                                                                     34

4.3       To ascertain the extent at which packaging influences consumers perception and preferences for cosmetics products                                                                            35

4.4       To investigate the extent to which packaging increases frequency of

product patronage                                                                                                       36

4.5       To determine the effect of Packaging elements (colour, quality, wrapper design) and packaging innovation on consumer purchase behaviour                                            37


CHAPTER 5

SUMMARY, CONCLUSION, RECOMMENDATION

5.1       Summary of Findings                                                                                                 39

5.2       Conclusions                                                                                                                40

5.3       Recommendations                                                                                                      41 

REFERENCES

APPENDIX                                                                                                   QUESTIONNAIRE









 

LIST OF FIGURES

Fig. 2.1: Conceptual Framework For Packaging And Consumer Buying Behaviour                                                                                               8


 





LIST OF TABLES

Table 1.           Frequency distribution showing the extent to which consumers are

                        motivated to purchase cosmetics products                                                                 32

Table 2.          Frequency distribution showing the extent to which packaging increases                                        consumers’ satisfaction for cosmetics products                                          34

Table 3.           Frequency distribution showing the extent at which packaging influences consumers’ perception and preferences for cosmetics products                35

Table 4.           Frequency distribution showing the extent at which packaging increases frequency of product patronage                                                                         36

Table 5.           Probit regression analysis showing the effect of Packaging elements (colour, quality, wrapper design) and packaging innovation on consumer purchase behaviour                                                                                                 37

 


  


                                                                             

CHAPTER 1

INTRODUCTION


1.1       Background to the Study

With the increasing competition, manufacturing firms and researchers have focused more and more on customers and their preferences and thus new aspects of what determines customer's choices are revealed every day. One of these preferences is associated to customer's perceptions of product and package (Saber, Morteza, Milad & Ravanbakhsh, 2013). We are all consumers, that is to say, we use or consume food, cosmetics products, clothing, housing, education, services, ideas, etc based on a special order. Decisions we make about consumption, demand for raw materials, transportation, technical services, and the allocation of resources cause the success of some industries and the failure of some others. So, consumer buying behavior is an important factor in recession or boom of commercial activities. Correct understanding of consumer buying behavior is a key factor in successfulness of marketing and advertising strategies. This is of importance for both profit making and non-profit making organizations.

Packaging is the process of conceptualizing, planning, and designing a packet or wrapper to contain, protect and merchandise a product (Kotler 2003). In the present world, expansion of market, attraction of new customers, and even retainment of existing customers are of great concern for many companies. Hence, due to intense competitive pressures, organizations use various methods of sales and marketing promotion in order to persuade and even force customers to buy their products or services. According to the type of activity, these companies apply different schemes such as high quality, reasonable price, good services, good treatment with customers, and so on to attract customer’s satisfaction. One of the methods companies apply to achieve this is the use of stylish and high-quality packages, so that the package will be able to communicate effectively with the buyer and provide the substrate for product selection by making them interested and willing. Package is the cover and clothing of product and buyers can find the quality, price, content, and function of product by seeing the package. The relationship between package and customer is developed by many variables such as color, pictures, designs, shapes, sizes, etc (Saber, et al., 2013). Therefore, in addition to maintenance of the product, package can undertake other tasks that are very important. In fact, there two main functions for package; first, is protecting and maintaining the product and, second, is attracting customers and helping the sales. The first function is pursued through correct design, selection of suitable structure, and using good raw materials along with considering the content, distribution channels, and so on, while the second objective will be realized by right selection of color, shape, pictures, composition, writings, and other variables.

In the past time primary purpose of packaging was to defend the product, but currently according the varying marketing environments packaging is being used as an instrument for increasing sales, attracting customers and product communication to its consumers (Nayyar, 2012). Now days Role of Packaging has change due to increasing changes in the consumer desires. More companies are interested in packaging as a tool to increase their sales. A good packaging helps to identify product to the consumers. Packaging is used for easily delivery and safety purpose. The producer use the packing for the consumer satisfaction that the product is original means that the product is new. They also use for the promotional purposes as well as to differentiate the product from other brand (Shah, Ahmad & Ahmad, 2013). Poorly designed packages can turn off consumer’s attraction to a particular product and lost sales for the company. Due  to  increasing  self-service  and  changing  consumer  lifestyles,  the  internet  in  packaging  as  a  tool  of  sales  promotion  and  stimulator  of  impulsive  buying  behavior  is  growing  increasingly.  So  packaging  performs  an  important role in marketing and encouraging or even sometimes discouraging the consumer from buying a product, especially at the point of sale or at the time when a consumer is choosing from among  different  brands  of  similar  products  type.  This  could  be  treated  as  one  of  the  most  important factor influencing  a  consumer’s  purchase  decision. 

In the Nigeria manufacturing sector, most cosmetics product have not been able to accrue the expected returns on investment (ROI) or even break even as a result of poor packaging which have led to low patronage by the consumer in the market place. These challenges in the industry made it expedient to analyze the effect of packaging on consumer buying behavior of selected cosmetics products in Aba, Abia state; in the context of PZ Cusssons Plc.


1.2       Statement of Research Problem

It is time that companies realized that they live in a marketplace and thus the need to package their products and services to captivate the affection of their potential consumers. Consumers tend to appreciate goods that have good packaging. The size, colour, design, label, price of products affects a consumer’s behaviour and tilt to his choice of products. Consumers in a market with a large number of competitors and high discount to products and services, high advertisement spending and a product brand must be packaged such that the consumer will admire and be comfortable with the product, thus, leading to success and profitability of the product firm.

The consumer buying behaviour is affected if those elements of packaging are lacking. The absence of these elements depreciates the consumer’s decision over the purchase of a product. In other words the value of a product is rated in its packaging. A well packaged product sells itself. Packaging is a method of communicating products information, both product and brand character to the consumer. To what extent do packaging elements influence consumer choice of a product? A phenomena which has largely placed firms in situations which are sometimes difficult to deal with based on the consumers behaviour towards the packaging strategy used in the market competition. Consumers always have factors that affect their purchase of a particular product in the market. In the world of complex product lines and service offering, value is lost because sellers cannot accurately determine what consumers are willing to pay for in a product features and attributes.

Most of the Cosmetics manufacturer in Nigeria has over the years ignored these basic elements of packaging, thereby giving to their product packaging little or no attention at all and this have negatively affected their marketing performance and also resulted to low patronage from the consumers. Negative consumer buying behavior towards market offerings have caused most industries to wind up because of their inability to fit in the fierce competitive environment.


1.3         Objective of the Study

The overall objective of this study is to examine the effect of packaging on consumer buying behavior of selected cosmetics products in Aba, Abia State. Specifically, the objectives was set out to;

i.               examine the extent to which colour influence the purchase of PZ products.

ii.              examine the extent to which shape increases consumers’ satisfaction of PZ cosmetics products.

iii.            ascertain the extent at which wrapper influences consumers’ perception and preference of PZ products.

iv.            examine the extent to which design increases frequency of product patronage of PZ products.


1.4          Research Questions

the following research questions were explored in order to provide answers to the issues raised in the study and they include as follows;

i.               to what extent does colour influence purchase of PZ products?

ii.              to what extent does shape increases consumers’ satisfaction of PZ cosmetics products?

iii.            to what extent does wrapper influences consumers’ perception and preference of PZ products?

iv.            to what extent does design increases frequency of product patronage of PZ products?


 

1.5             Research Hypotheses

The following null hypothesis were tested in this study;

a)     Ho1: colour of a product has no significant effect on how consumers are motivated to purchase PZ products.

b)    HO2: shape has no significant effect on consumers’ satisfaction with packaged PZ products.

c)     Ho3: wrapper has no significant effect on consumers’ perception and preference for PZ products.

d)    HO4: design has no significant effect on frequency of patronage of PZ products.


1.6         Significance of the Study

Academic scholars, accounting students and researchers would be able to borrow from the findings of this research to support literacy citation as well as develop themes for further research. Specifically, the study would make theoretical, practical and methodological contributions. The findings would contribute to professional extension of existing knowledge in Packaging, Consumer Buying Behavior and marketing performance.

This research work will also contribute to the knowledge of marketers and other business managers as it will assist them on effective planning and management in areas of product packaging which will guide them in effective marketing outing and how to devise strategic moves in meeting with the stated promotional goals and objectives of the organization.

Also, this study will be of great benefit to the Nigerian economy. This stems from the fact that good packaging will help companies to gain competitive advantage over their international competitors and thus, they will be encouraged to pay taxes to the government when profit is maximized.

The study will be of immense benefit to customers of PZ as adequate measures that will be recommended, will go a long way in boosting the satisfaction and value delivery ability of Paterson Zochoris.

This research study will be of benefit to the manufacturing industry, industries management, Marketers and stakeholders as it will unravel (expose) the benefits and challenges of product package and Consumer Buying Behavior. 


1.7        Scope of the Study

The subjective scope of the study was limited to the effect of packaging on consumer buying behavior of selected cosmetics product; while the geographical scope is Aba, Abia State. Consumers or users of cosmetic products were review.

 


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