Effectiveness of Pricing Policy Manufacturing Industries (A Case Study of P.Z Industry Ltd.)

Subscribe to access this work and thousands more

TABLE OF CONTENT

TITLE PAGE                                                                           i

CERTIFICATION                                                                      ii

DEDICATION                                                                          iii

ACKNOWLEDGEMENT                                                           iv

TABLE OF CONTENTS                                                   vi

CHAPTER ONE

INTRODUCTION

1.1       BACKGROUND TO THE STUDY                                     1

1.2       STATEMENT OF THE RESEARCH PROBLEMS               3

1.3       OBJECTIVES OF THE STUDY                                        4

1.4       SIGNIFICANCE OF THE STUDY                                      5

1.5       RESEARCH QUESTIONS                                                6

1.6       SCOPE OF THE STUDY                                                  7

1.7       LIMITATION OF THE STUDY                                          8

1.8       PLAN AND ORGANIZATION OF THE STUDY                   9

1.9       DEFINITION OF KEY TERMS                                        10

 

CHAPTER TWO

LITERATURE REVIEW

2.1       INTRODUTION                                                          12

2.2       PRODUCT COSTING                                                  13

2.3       FLOW OF COST                                                         17

2.4       PRICING DECISION                                                   18

2.5       COST PLUS PRICING SYSTEM                                   20

2.6       OBJECTIVE OF PICING POLICY                                28

2.7       PRICE CONROL AND RATIONING                              34

2.8       GENERAL PRICING PROBLEM                                  35

CHAPTER THREE

RESEARCH METHODOLOGY

3.1       HISTORICAL BACKGROUND OF P.Z LTD                   37

3.2       METHOD OF DATA COLLECTION                              38

3.3       POPULATION AND SAMPLE SIZE                               39

3.4       SAMPLING TECHNIQUES                                          39

3.5       METHOD OF DATA ANALYIS                                     39

3.6       METHOD OF DATA COLLECTION                              40

3.7       INDUSTRY MANUFACTURING                                   40

 

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

4.1       DISCUSSION OF ANALYSIS                                       42

4.2       DISCUSSION OF FINDINGS                                       49

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1       SUMMARY                                                                62

5.2       CONCLUSION                                                            65

5.3       RECOMMENDATION                                                 66

BIBLIOGRAPHY                                                         69


CHAPTER ONE

INTRODUCTION

 

1.1      BACKGROUND TO THE STUDY

         The economy which was one agriculture oriented is now largely into manufacturing our metaphosing into a more dynamic and diversified one. In essence, since the manufacturing industry is concerned with the production of finish goods, their absence is no exception as catalyst for the fast transformation of the country’s economy to manufacturing economy should be encourage for the tremendous contribution to the growth I can be give to the country. The growth of the costing started during the industries revolution in 1780AD and this was applied on the manufacturing activities of the small scale and medium scale business managed by individual shortly after, there was the need for the manufacturing industry to know their cost analysis involved in producing a particular goods or services to achieve the price at which the industry (manufacturing will sell it out to the consumer, thereby applying the costing principle necessary).

         “Probably no single marketing tool is so critical from both economy and social stand point as price. Yet, as important as it is less is probably know about any other single market tool”.

(Buskirle 2001). Therefore should be a proper and effective method at arriving at actual expense should be a proper and effective method at arriving at actual expense (Direct Material Cost, Direct labour cost, overhead expenses and others indirect cost) on a production produced in an industry. The industry is bound to collapse, or continue to be run ineffectively if proper costing method is not that in place. 

Subscribe to access this work and thousands more
Save
Need help with your academic research project/paper, technical or creative writing? Hire our expert researchers and writers. Click Here to Submit a Writing Request
Overall Rating

0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

Frontiers, E. & .B., B (2021). Effectiveness of Pricing Policy Manufacturing Industries (A Case Study of P.Z Industry Ltd.). Afribary. Retrieved from https://afribary.com/works/effectiveness-of-pricing-policy-manufacturing-industries-a-case-study-of-p-z-industry-ltd

MLA 8th

Frontiers, Edu, and BABATUNDE .B. "Effectiveness of Pricing Policy Manufacturing Industries (A Case Study of P.Z Industry Ltd.)" Afribary. Afribary, 25 Dec. 2021, https://afribary.com/works/effectiveness-of-pricing-policy-manufacturing-industries-a-case-study-of-p-z-industry-ltd. Accessed 21 Jan. 2022.

MLA7

Frontiers, Edu, and BABATUNDE .B. . "Effectiveness of Pricing Policy Manufacturing Industries (A Case Study of P.Z Industry Ltd.)". Afribary, Afribary, 25 Dec. 2021. Web. 21 Jan. 2022. < https://afribary.com/works/effectiveness-of-pricing-policy-manufacturing-industries-a-case-study-of-p-z-industry-ltd >.

Chicago

Frontiers, Edu and .B., BABATUNDE . "Effectiveness of Pricing Policy Manufacturing Industries (A Case Study of P.Z Industry Ltd.)" Afribary (2021). Accessed January 21, 2022. https://afribary.com/works/effectiveness-of-pricing-policy-manufacturing-industries-a-case-study-of-p-z-industry-ltd