A Marketing Research of Vindosa Corporation
A Marketing Research of Vindosa Corporation
A Marketing Research of Vindosa Corporation
BAMM-6203
(MARKETING RESEARCH)
APRIL 2021
CURRICULUM VITAE
PERSONAL INFORMATION
EDUCATIONAL ATTAINMENT
PERSONAL INFORMATION
EDUCATIONAL ATTAINMENT
Secondary: VCI
PERSONAL INFORMATION
Religion: Evangelical
EDUCATIONAL ATTAINMENT
PERSONAL INFORMATION
EDUCATIONAL ATTAINMENT
PERSONAL INFORMATION
EDUCATIONAL ATTAINMENT
EDUCATIONAL ATTAINMENT
We would thank all who in one way or another contributed in the completion of
this research paper. First, we would like to give thanks to God for protection and
ability to do work.
We are grateful to Sir Wenry A. Resurreccion Jr. who guided, encouraged and
directed us all throughout the duration of the research. His challenges brought this
work towards a completion. It is with his supervision that this work came into
existence. We are also deeply thankful to the respondents for their willingness for
giving response to our research. Their names cannot be disclosed, but I want to
acknowledge and appreciate their help and transparency during my research. Their
information has helped the researchers complete this thesis. The research cannot be
completed without the cooperation from our group members namely, Randa Laulen
B. Salvador, Diana Amor S. Villaluna, Jude Nathan M. Rojo, Carl Isidro B. Abcede,
Francis John S. Santos and Julius John V. Labra.
We also thank their family who encouraged us and prayed for us throughout
the time of the research.
This study wholeheartedly dedicated to our beloved families, who have been
our source of inspiration and gave us strength when thought of giving up, who
continually provide their spiritual, emotional and financial support.
To our love one’s, classmates, and friends who shared their word of advice
and encouragement to finish this study. To Sir Wenry A. Resurreccion Jr. our
Marketing Research Instructor who made our research happened, and most
especially we are thankful to our Almighty God, thank you for giving us knowledge
and wisdom, for his overflowing love, we thank you.
Chapter I.
Many participants in the oil and gas industry will have experienced déjà vu as
oil prices have once again crashed, this time due to the destruction of demand
associated with COVID-19 and the price war between Russia and Saudi Arabia
(Richard G. Blunt, 2020). The domestic applications of LPG must never be
overlooked. When it comes to changing the face of domestic fuels used for heating
and cooking, it has played a transformative role. The household consumption for LPG
amounted to 503 thousand tons, and 776 cubic meters for kerosene. When compared
with the 1989 figures, these increases translated to 56.7 percent for LPG and 56.4
percent for kerosene at the national level. Many people in rural areas are also
unaware of the benefits of using LPG for domestic purposes. LPG is used as an
alternative fuel source in these areas, as well as in many urban areas. There are also
advantages for the ecology and biodiversity of the region. The main reason behind
this is easy accessibility, low cost per unit and the environment friendly properties of
LPG. LPG has seen a significant increase in domestic use due to its numerous
benefits. With the passage of time, more in-depth studies have been required to
monitor the price and develop the service offered by LPG gas companies for
domestic purposes. Liquefied Petroleum Gas, or LPG, is used as a fuel in a wide
range of applications, including commercial, industrial, transportation, farming, power
generation, cooking and heating.
Mission
Vision
Convenience is one of the main reasons why consumers use LPG in their
households. You take away that convenience, you encounter problems to your
business in providing quality service and customer satisfaction. Factors of such
convenience are from cooking efficiency provided by the LPG, and the favorable part
wherein you can simply refill the tank when it runs out.
This research will show that the “refilling-on-time” part is the most critical when
venturing a business focused on delivering LPG tanks in an area. Problems
focused by the respondents are mostly about the delivery time, communication
relayed during and before delivery, and that prices are relatively inconsistent at
times.
Household consumers has responded that oftentimes, they tend to wait for a long
time before their refill gets delivered. Also, they noted that there are times that their
instructions for delivery the LPG are not met, especially their location and the time it
needs to be delivered. Respondents also provided some reaction with the
inconsistencies of the prices, where they understand is related to the Global Market.
As a result, consumers will tend to have their LPG tanks refilled through the
competitors, who can provide fast delivery and a better pricing. Thus, affecting the
sales and will result to a loss in income.
SWOT ANALYSIS
Strength
Weakness
Limited supply
Competitors operate 24 hours while they operate 12 hours.
No control of global gas price changes.
Opportunities
Valencia and Malaybalay City are currently occupied mostly by working class
families and food establishments where the demand for LPG services are
expected.
Valencia and Malaybalay City are both considered a developing city, which
means a potential growth in developing residences and establishments
needing of LPG services are predicted.
Threats
KEY TO SUCCESS
It is important that the business acknowledges its weakness and threats, and make
sure to do whatever they can to remediate those weaknesses by creating an action plan
and marketing system to counter it. Understanding the feedback from customers will
also enable the business to identify the factors that they can control and create a
system that can rectify issues supplied by the respondents of this research.
History
Vindosa Corporation, headed by Mr. Ronel Gernal, started as a small distributor with
only one branch called “G&L” with having no warehouse at all. They started small within
Valencia City, and they deliver supplies to small restaurants, bakeries, and other local
malls. As they provide good service and maintain their good relation, the Vindosa
Corporation begun to grow and improve. Vindosa Corporation started to expand their
network and establish other branches in different municipalities. They started to supply
outside Valencia City and opened new branches in Aglayan, Malaybalay City, Quezon
and Maramag. As the company becomes more established, they began to cater and
offer more products to provide wider range of customers and their needs. As a result,
they became the exclusive dealer of Phoenix Super LPG in the city of Valencia and
Malaybalay.
Market Study
Vindosa corporation delivers Phoenix LPG in commercial and households. Vindosa
corporation is an exclusive dealer of Phoenix LPG, they also deliver LPG in different
Phoenix LPG distributors within Valencia City, Quezon, Aglayan, Malaybalay and
Maramag. The price of Phoenix LPG varies in every place depending on the
competitors in each place. The more the competitors in each place the lower the price
of Phoenix LPG.
Market Trends
The household sector is currently the largest consumer of LPG, of all LPG sold for
home heating, water heating, and cooking. The industrial industry, which uses LPG for
heating, cooking, and other purposes, is the next largest consumer of LPG.
Marketing Strategy
Vindosa Corporation has a promo given to their customers, Phoenix LPG and double
burner gas stove for only 2,800 pesos. For every household’s customer who will collect
50 receipts will get 1 free LPG and 100 receipts for commercial customers. If you will
receive a tank of LPG that has a leakage, they will replace it into brand new one.
Marketing Programs
CHAPTER 3.
MAIN COMPETITORS
Pryce Gas
Gasul
Happy Gas
Solane
Fiesta Gas
Type of Ownership
Management Study
The demand for LPG is persistent because we use it every day. Franchising an LPG
company can be a better investment for you, with a return on investment that exceeds
your initial investment. Increased household LPG usage is one of many options for
achieving the 2030 goal of universal access to safe cooking and heating solutions.
University of Mindanao
University of Mindanao
Manager
Richmond Medrina
Cashier Auditor
Inventory Clerk
Jong Juban
Marketers
Methodology
In this section, the researchers included how the research was carried, what was the
research design, how the data were collected, what research instrument was used,
what was the sample design and how the data was analyzed and processes. The
methodology aimed to give better understanding about the outcome and result of the
research and claims that will be made by the researchers.
Research Design
Research Plan
Data Sources
The present study depends on both primary and secondary data. Primary data are
directly collected from the sample respondents. The secondary data is collected through
the company agents, offices and web sites.
Research Approach
To properly complete this research, the data obtained must be evaluated in order to
meet the research objectives. The research, presentation, and interpretation of the
study's findings are presented in this chapter. This chapter discusses the issues that
consumers have with Phoenix LPG products and services in households. The data is
analyzed and interpreted using a variety of statistical tools.
Research Instrument
To complete this study properly, it is necessary to analyze the data collected in order
to answer the research questions. This chapter comprises the analysis, presentation
and interpretation of the findings resulting from this study. This section explains the
problems faced by the customers towards Phoenix LPG product as well as services in
households. Various statistical tools are utilized to analyze and interpret the data
collected.
The factors having highest mean value is the most important factor. In this study
Garrett’s ranking techniques is used for the following analysis.
R2 100(2-0.5)/10 15 70
R3 100(3-0.5)/10 25 63
R4 100(4-0.5)/10 35 57
R5 100(5-0.5)/10 45 52
R6 100(6-0.5)/10 55 47
R7 100(7-0.5)/10 65 42
R8 100(8-0.5)/10 75 37
R9 100(9-0.5)/10 85 30
R10 100(10-0.5)/10 95 18
It is concluded that the respondents are highly suffered with the “Irregularity of
increasing price and Delayed supply of refilled cylinders. These two factors are most
important problems faced by the customer.
From the above table it is clear, that there are seven major services provided by the
company among them most satisfied services Ranked by the respondents. It is
observed from the above table that “Quick action on complaint registration” was ranked
first by the respondents with the mean score of 57.91. “Delivery man confirms the
Weight of Cylinder” was ranked second with the mean score of 56.50. “Quick response
from Mechanic or LPG Dealer in case of Leakage” was ranked third with the mean
score of 55.16. “Periodical servicing of gas stove” was ranked fourth with the mean
score of 54.07. “Distribution of refilled cylinder on time (after booking & waiting period).”
was ranked fifth with the mean score of 53.87. “The Agency conduct Mandatory
inspection on time.” was ranked sixth with the mean score of 45.70. “All the safety and
efficient handling measures provided by the agency” was ranked seventh with the mean
score of 44.54.
It is concluded that the respondents are very much satisfied with “Quick action on
complaint registration” and “Delivery man confirms the Weight of Cylinder”. But the
agencies need to concentrate and improve the quality of other services also.
Sampling Plan
The locale of the study was in Valencia City, Bukidnon. Research subjects and
respondents were the regular customers of Vindosa Corporation in households and
commercial. Including some of the employees of Vindosa Corporation assigned in the
service field. Simple Random Sampling and convenience sampling were appropriate
since the respondents will no longer be divided into sub-populations and were selected
based on their own willingness. To volunteer.
Contact Methods
Demographic Profile
Most respondents were wage earners' wives, with other family members including
mothers and mothers-in-law, daughters and daughters-in-law. Nearly a quarter of the
respondents said they were between the ages of 25 and 50.
Psychographic Profile
Lifestyle- the price of the Phoenix LPG varies from place to place or according to the
lifestyle of the consumers of the said place, the urban or rural areas.
Social Class- the target market of Vindosa Corporation is from middle-class to high-
class family and those who has food business, bakeries, and restaurants.
Activities, Interests and Opinions- the target market is those who loves cooking and
has a food business that are using LPG for their product.
Values and attitudes- the price of Phoenix LPG depends on the place and whether it
is commercial or household use.
Behavioral Profile
Promos in holidays specially Christmas and New Year, there is a price decrease in
regular price rate. Replacement of new cylinder if there is a leakage and free 1 tank or
cylinder of Phoenix LPG for every 50 receipts for regular customers for households and
100 receipts for commercial.
CHAPTER 5.
Reports/findings
“The customer is always right" is a famous business slogan. Realizing that customers
are the lifeblood of every company is the fundamental truth behind this argument.
Quality service has been the secret to success in all service sectors in this competitive
environment. The aim of good service is to meet the needs of the customer. A study
was performed in Valencia City to determine the issues that customers have with
Vindosa Corporation Phoenix LPG services. According to the study's results,
consumers have experienced price fluctuations and delays in receiving LPG gas
cylinders. It is recommended that Vindosa Corporation take the required steps to
enhance their service quality by introducing additional distributors, lowering prices, and
providing consistent service to customers. Vindosa Corporation should prioritize single
gas customers when delivering refilled cylinders and provide refilled cylinders with the
shortest possible wait time. It is necessary for a successful company to attract new
customers, retain existing customers, and create referrals for potential customers.
CHAPTER 6.
Decision/intervention design
Most consumers are dealing with the inconsistency of gas price increases. As a
result, Vindosa Corporation and the government should take the requisite steps to
correct the situation and educate customers about the rising gas prices. Since the study
area is large, most consumers believe there is a delay in delivering the LPG cylinder.
Vindosa Corporation goes downs and outlets could be added in a few more locations.
As a result, they will reduce on delivery time. Vindosa Corporation should enhance all
aspects of their operation, including contact about gas bookings and delivery times,
least option is to open new outlets, counter staff/deliverymen and mechanic conduct,
customer care response over landline, and service/inspection after sales.
Appendix
Note: please check YES if you have experienced this problem stated below and check
NO if you have not experienced.
PROBLEMS YES NO
Problem with gas booking
Insecure of LPG
Note: Please indicate your level of satisfaction with the following services where
1=satisfied and 2 is unsatisfied.
1 2
Periodical servicing of gas stove
Appendix B.
Letter to the Respondents
Dear respondent,
Greetings!
In the regard, we are asking for your precious time, and effort to answer all the
questions in the questionnaire that are important and helpful for the completion of the
study.
Rest assured that all data gathered from you will be kept in the highest level of
confidentiality.
Your positive response in this request will be valuable contribution for the success of the
study and will highly appreciate.
Respectfully Yours,
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