Credit Impact on Profitability and Marketing Efficiency of Sawn Wood Marketers

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Abstract

Aim of study: Credit impact on profitability and marketing efficiency of sawn wood marketers was examined. Area of study: Ndokwa West Local Government Area, Delta State. Material and methods: 120 respondents were obtained using multistage sampling technique and interviewed with structured questionnaires. Data were analyzed using descriptive statistics and profitability model. Main results: Respondents were male (70.0%) with 50 years average age. Sizes of sawn wood sold varied (4"x12", 1"x12", 2"x3", 2"x2"). The 2"x4" (16.8%) and 2"x2" (14.8%) sawn wood were most sold. Purchase price (₦1306.5) and selling price (₦1503.3k) of 4"x12" was higher than other sawn wood sizes. Total cost, revenue, net profit, benefit cost ratio and market efficiency of sawn wood business were ₦456604.20, ₦845843.30, ₦389239.20, 2.17 and 85.7% respectively. Credit had significant improvement on profitability (69.6%) with z-value of 0.00000127 (P

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