Copyright © The Author(s). All Rights Reserved © GLOBAL PUBLICATION HOUSE |Int. J. Social Science & Humanities Research|
Dr. Amadi, Lawrence
Department of Marketing Ignatius Ajuru University of Education Port Harcourt, Rivers State, Nigeria
Dr. Ray Obasi
Department of Entrepreneurial Studies, College of Management Sciences, Michael Okpara University of
Agriculture, Umudike, Abia State, Nigeria.
BRAND PRICE POSITIONING STRATEGY AND SALES
TURNOVER OF FOOD AND BEVERAGE MANUFACTURING
COMPANIES IN RIVERS STATE NIGERIA
Corresponding author: *Dr Amadi, Lawrence
Email: amalaw2004@yahoo.com
A B S T R A C T
The study investigated the relationship between brand price positioning strategy and sales turnover of food
and beverage manufacturing firms in the Small and Medium Enterprises (SMEs) sector in Rivers State,
Nigeria. The study adopted a descriptive research design. Data were drawn through questionnaires from
66 small-scale operators, 40 medium-scale operators making a total of 106 food and beverage
manufacturing Entrepreneurs in the SMEs sector in Rivers State, and 384 customers of the said firms. The
data collection instrument was validated by experts drawn from Entrepreneurship, Marketing, and
Statistics and thereafter subjected to a reliability test using the Cronbach Alpha test which gave an average
coefficient value of 0.764. A combination of descriptive and inferential statistical tools was employed to
analyze the data with the aid of SPSS (version 21.0). The descriptive tools employed were tables,
frequencies, percentages, mean, and standard deviation while Pearson Product Moment correlation
analysis constituted the inferential tools employed for data analysis. The study findings revealed that brand
price positioning strategy was critical in determining the outcome of sales turnover. It was found to have
significant predictive capabilities on sales turnover. In conclusion, brand price positioning strategies had a
significant statistical influence on sales turnover by food and beverage manufacturing SMEs in Rivers
State. Precisely, 37.5%, changes in sales turnover were significantly predicted by brand price. Therefore,
this study advocated the adoption of a brand price positioning strategy that will enhance the affordability of
their products in the marketplace.
K E Y W O R D S
Brand Price Positioning Strategy. Sales Turnover. SMEs
Manuscript ID: #0554 Vol. 05 Issue 01 Jan. - 2022
Page 36 of 49
This work is licensed under Creative Commons Attribution 4.0 License.
10.5281/zenodo.6966810