ºÚÁϳԹÏÍø

HomeDangal Research Refereed Journalvol. 3 no. 1 (2021)

THE MARKETABILITY OF DA BUENA’S HANDICRAFTS: BASIS FOR MARKETING PLAN

Nino Z Enguito | Elaine L Genio | Laiza H Lucero | Mary Jane M Perez

Discipline: Marketing

 

Abstract:

This study was conducted to determine the Marketability of Da Buena’s Handicrafts and focused on creating a marketing plan that will help them enhance the marketability of their products. The researchers provided a self-made survey questionnaire for the respondents in an online format by using Google Forms. Descriptive research method was used in conducting the study which involved gathering of information about the present existing conditions needed in the chosen field of the study. The researchers used purposive sampling method in selecting the respondents of the study. Frequency and Percentage Distribution was used to determine the demographic profile of respondents. Weighted Mean was used to determine the level of marketability of Da Buena’s Handicrafts, and Pearson R Correlation was used in determining the significant relationship between the demographic profile of respondents and the products’ marketability. The result of the study showed that majority of the respondents of Da Buena’s belongs to 24 to 39 years old age bracket which is considered nowadays as Millennials. It also indicates that among the respondents, female customers were dominant over male customers. Most of the respondents were employed and their monthly income ranges from P500 – P5,000. Lastly, the result showed that there is a weak correlation between the demographic profile of respondents and the products’ marketability. In conclusion, the level of marketability of Da Buena’s Handicrafts, based on the findings of the study, it shows that their product is not that marketable enough to earn the desired profit. Therefore, the researchers developed a marketing plan in order to enhance the marketability of Da Buena’s Handicrafts.



References:

  1. Czinkota, M.R. & Ronkainen, I.A. (2001). International marketing. (6. ed.) Fort Worth, Tex.: Harcourt College.
  2. Debra F. 2012 Worthwhile to invest resources. Agribusiness: An International Journal Vol.8 No.5 pp.399-412
  3. Donaldson, B., 1998, Sales Management—Theory and Practice, 2nd edition, Houndsmills, Macmillan Press Ltd.
  4. Kotler, P. and Armstrong, G. (2010), Principles of marketing, 13th edition, Pearson Education, Upper Saddle River.
  5. Perreault, W.D. and McCarthy, E.J. (2000), Essentials of marketing: a global-managerial approach, 8th edition, Irwin/McGraw-Hill, Boston.
  6. Batra, Rajeev & Keller, Kevin. (2016). Integrating Marketing Communications: New Findings, New Lessons and New Ideas. Journal of Marketing. 80.10.1509/jm.15.0419.
  7. Dadzie, Kofi & Amponsah, David & Dadzie, Charlene & Winston, Evelyn. (2017). How Firms Implement Marketing Strategies in Emerging Markets: An Empirical Assessment of The 4A Marketing Mix Framework. Journal of Marketing Theory and Practice. 25. 234-256. 10.1080/10696679.2017.1311220.
  8. Homburg et al., 2015 C. Homburg, M. Schwemmle, C. Kuehnl: New product design: Concept, measurement, and consequences. Journal of Marketing, 79 (3) (2015), pp. 41-56
  9. Beth Arch (2019), The Philippine Handicraft: Their Benefits and Importance
  10. Rajeev and Kumar (2016), A Strategic Approach for Marketing of Handicraft Products.
  11. "Affordability." The Mortgage Encyclopedia. 2004.
  12. Baillie.com 4A’s of Marketing Mix
  13. Beth Arch (2019), The Philippine Handicraft: Their Benefits and Importance https://discover.hubpages.com/art/Types-ofPhilippine-Handicraft-Industry
  14. Bonjour, Eric et.al (2016) New product acceptability evaluation and improvement model with knowledge reuse.
  15. Chen, James (2020) Marketing Plan
  16. Chron.com (2020) Definition of Product Marketability
  17. Dodd, David (2015) For Effective Marketing, You Need Both the 4A‘s and the 4P‘s
  18. Kenton, Will (2019) Definition of Affordability
  19. Mcguire, Sara (2020) What is a Marketing Plan and How to make one?
  20. Ozawa, Toshisuke et.al. Quantitative Evaluation of Social Acceptability of Products and Services
  21. Ramya, S. (2018) How to understand 4 A‘s indigital marketing
  22. Spacey, John (2017) Six Types of Marketability
  23. Upadhyay, Ananya (2020) What is a Marketing Plan and How to write one? .
  24. Waller, Sam. Definition of Accessible Product