Proceeding of the International Conference on Family Business and Entrepreneurship (ICFBF)
2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP

COMPREHENSIVE ASSESSMENT ON THE MARKETING OPPORTUNITIES IN A RURAL COMMUNITY AT KIORAO, KIBAWE, BUKIDNON

Bonifacio, Michael Bonn A. (Unknown)
Sudaria, Ma. Concepcion C. (Unknown)



Article Info

Publish Date
05 Dec 2024

Abstract

The Municipality of Kibawe is part of the 3rd congressional district in the province of Bukidnon, and was considered as GIDA (Geographically Isolated and Disadvantage Areas) as evidenced of their high poverty incidence among its residents. With the benefits brought by entrepreneurial activities to economic growth and mitigating occurrence of poverty that this research was conducted to validate the theory. The study aimed to determine the level of businesses and entrepreneurs’ marketing practices, and how their strategies and practices are associated with the existing capabilities provided by government and to the community’s satisfaction to implemented marketing strategies. It surveyed 128 household representatives at barangay Kiorao, in the Municipality of Kibawe. The research design was descriptive-correlation method and the statistical tools used where mean, and Pearson r correlation coefficient. Results revealed that place, people management and promotional marketing strategies are evidently practiced, product and price strategies are also observed but at a lesser extent. There were minimal business activities relating to product and pricing strategies. When associated with enterprise capabilities, the people, place and distribution, and promotional strategies were positively correlated at 0.05 and 0.01 level of significance. Respondent were satisfied with the marketing capabilities exhibited by these enterprises used of available resources, adoption of marketing practices, and appreciation of the importance of these aforementioned strategies for the success of the sustainability of their respective endeavor.

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Journal Info

Abbrev

ICFBE

Publisher

Subject

Economics, Econometrics & Finance

Description

International Conference on Family Business & Entrepreneurship (ICFBE) is a scientific international conference driven by the livelong aspiration of President University as a center of excellence, especially in the field of family business and entrepreneurship. The conference is organized by the ...