The Effect Of Advertising On Consumer’s Acceptability Of New Product

Project and Seminar Material for Marketing

The Effect Of Advertising On Consumer’s Acceptability Of New Product


Abstract


This study was carried out on the effect of advertising on consumer’s acceptability of new product using Hero Lager Beer as case study. To achieve this 3 research questions were formulated. The survey design was adopted and the simple random sampling techniques were employed in this study. The population size comprise of the dealer, retailers and end users of Hero Lager Beer. In determining the sample size, the researcher purposively selected 120 respondents while 100 respondents were validated. Self-constructed and validated questionnaire was used for data collection. The collected and validated questionnaires were analyzed using frequency tables and percentage. While the hypothesis were tested using Pearson Correlation and Chi-square statistical too. SPSS v23.

The result of the findings reveals that; the type of advertising used on a product will enhance product acceptance in the industry; Advertising has a very high influence consumer purchases behavior; Traditional media campaign, Seasonal push campaign, Brand awareness campaign and Contest marketing campaign are the types of advertising campaigns/communications that can be used on Hero Lager beer; There is a significant relationships between advertising types and product acceptance.

Based on the findings, it is of the researcher’s opinion that manufacturing and other forms of business organizations should seek the service of a consultant who will exposes them to other essentials of advertising and who will also bring to their notice the most effective form of advertising campaign and the most suitable and effective systems of execution. This is necessary because advertising is one sector of a business organization that sustains the products competitiveness and patronage in the market


Chapter One


Introduction

1.1 Background of the Study

Nearly everyone in the modern world is influenced to some degree by advertising and other forms of promotion. Advertising as one of the key promo tools plays a very important and crucial role in ensuring new product acceptance in the prospective target market. Advertising has been defined as any paid form of non-personal presentation of ideas, goods or services by an identified sponsor Kotler and Keller, (2008).

A more recent definition which captured the modern practice of advertising was advanced by Moriarty et al (2009) which sees advertising as a paid form of persuasive communication that uses mass and interactive media to reach broad audiences in order to connect an identified sponsor with buyers (a target audience) and provide information about products (goods, services and ideas).

Nigerian consumers are increasingly in the area of exposure to advertising messages. This is largely due to their expectation of good value for the money spent. Pike (2008) asserts that marketers are now faced with escalating media costs, often in tandem with declining advertising budget, thus leading them to increased interest in below the line promotional opportunities. According to Kotler (2009), marketing is totally about customers hence the core mission of marketers is to provide the solution to customers needs and wants by indentifying and meeting them.

There are four mean factors on which marketing have been built up: these are four elements of the marketing mix place, product price and promotion. Advertising as a component of the promotional mix further enhance creation of customers awareness toward organizational products and then the need to accept such products if it meets, expectation and satisfaction of the consumers Belch and Belch, (2003).

Advertising and other types of promotional messages are used to sell products and services as well as promote cause, market political candidates and deal with societal problems such as HIV/AIDS campaigns. Not only do advertisements sell goods and services, they are commodities themselves.

Organizations in both the private and public sector have learned that the ability to communicate effectively and efficiently with their target audience is critical to their success. Advertising has important consequences for the advertisers who use it and for individuals who are exposed to it. It attempts to persuade prospective buyers to buy a product/service and equally contributes to economic growth by helping to expand the market; helping to develop new market segments.

Various strategies, including advertising are employed to make potential buyers aware of new products. Advertising can be used to promote new products and to call attention to changes in old products. In its usage to promote new products advertising impacts can be felt in consumer acceptance of Hero lager beer, a new brand of lager beer that has won some chunk of the beer market especially in Anambra State.


1.2 Statement of Problem

When a new product is introduced into the market, the product either fails or succeed. Estimates as to the proportion of new products success range from 2 to 20 percent (Agbonifoh et al, 2007). Various reason have been adduced as to why so many new product fail. The failure of a new product pose a very serious problem to the firm introducing the product.

New products are important to a firm because of their implication for its continued survival, growth and profitability and because of the exergencies of competition. These new product face success/survival problem when not properly managed or promoted advertising is perhaps the most conspicuous of all marketing activities.


1.3 Objectives of the Study

The general objectives of this research is centered on the effect of advertising on consumer acceptance of new product.

However, other specific objectives are to;

  1. To ascertain the advertising types that can improve product acceptance in the industry.
  2. To determine the extent that advertising can influence consumer’s purchase behavior
  3. To determine the various advertising campaigns and/or communication used on Hero Lager beer

1.4 Research Question

This research “Effect of advertising on consumer acceptance of new product” would attempt to answer the following questions;

  1. Would the advertising types enhance product acceptance in the industry?
  2. To what extent can advertising influence consumer purchases behavior?
  3. What are the various advertising campaigns/communications that can be used on Hero Lager beer?

1.5 Research Hypothesis

In the course of conducting this research, the following hypothesis would be formulated’

  1. Ho1: There is no significant relationships between advertising types and product acceptance.
  2. Ho2: Advertising has no significant relationship with consumer purchase behavior.
  3. Ho3: There is no appropriate advertising campaign/communication used on Hero Lager beer

1.6 Significance of the Study

The findings of the study will benefit the Beverage industries, specifically, Hero Lager beer by helping the company to understand the influence of media advertising on consumer acceptability of their product, various types of media advertisements that can be used to advertise beverage products, ways in which media advertisements influence consumer acceptability of new product. In general, by identifying the effectiveness of media advertisement on customers’ acceptability of new product, companies can see their relationship and fill the gaps accordingly. This study can also be used as source for further studies in this area.


1.7 Scope of the Study

The scope of this study, i.e effects of advertising on consumers acceptance of new product. (A case study of Hero Lager beer) aims at evaluating the role advertising played in the mass acceptance of Hero Lager beer specifically in Onitsha, Anambra State / market.

The study would therefore be limited to Anambra state as the state seems to have a large segment of its market accepting and patronizing the beer.


1.8 Limitations of the Study

During the course of the study challenges encountered were exclusively but not delimited to the following numerous. These are

Inadequate Finance:

The research was face with problem of inadequate fund which hinder the researcher from shuttering to Hero Lager beer within Anambra State more so in printing and collation of questionnaires

Time:

Time factor pose another constraint since having to cope in this research which went simultaneously within the time schedule of other academic work making it impossible to undertake this study in large more representative skill.


1.9 Operational Definition of Terms

The following terms were defined for the study

Effects:

A change which is a result or consequence of an action or other cause.

Advertising:

Is a marketing tactic involving paying for space to promote a product, service, or cause.

Consumer:

A person who purchases goods and services for personal use.

Acceptability:

The quality of being satisfactory and able to be agreed to or approved of.

Product:

An article or substance that is manufactured or refined for sale.


Chapter Five


Summary, Conclusions and Recommendations:

5.1 Introduction

This chapter summarizes the findings into the effect of advertising on consumer’s acceptability of new product using Hero Lager Beer as case study. The chapter consists of summary of the study, conclusions, and recommendations.


5.2 Summary of the Study

In this study, our focus was to examine the effect of advertising on consumer’s acceptability of new product using Hero Lager Beer as case study. The study specifically was aimed at ascertaining the advertising types that can improve product acceptance in the industry; determine the extent that advertising can influence consumer’s purchase behavior; determine the various advertising campaigns and/or communication used on Hero Lager beer.

The study adopted the survey research design and randomly enrolled participants in the study. A total of 100 responses were validated from the enrolled participants where all respondent are active dealer and consumers of Hero Lager Beer.


5.3 Conclusions

Based on the findings of this study, the researcher made the following conclusion.

  1. The type of advertising used on a product will enhance product acceptance in the industry.
  2. Advertising has a very high influence consumer purchases behavior.
  3. Traditional media campaign, Seasonal push campaign, Brand awareness campaign and Contest marketing campaign are the types of advertising campaigns/communications that can be used on Hero Lager beer.
  4. There is a significant relationships between advertising types and product acceptance.
  5. Advertising has s significant relationship with consumer purchase behavior.

5.4 Recommendations

Based on the findings of this study, it is of the researcher’s opinion that manufacturing and other forms of business organizations should seek the service of a consultant who will exposes them to other essentials of advertising and who will also bring to their notice the most effective form of advertising campaign and the most suitable and effective systems of execution. This is necessary because advertising is one sector of a business organization that sustains the products competitiveness and patronage in the market.


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