The Impact of Sales Turnout of Oil towards the Performance of Petroleum Industry

Vol.3, No.1A

Abstract

This study will help the company owners determine the influences of employees' performance and how these factors affect the sales turnout of the business so that they can adopt new and effective business strategies that will help the company increase its profits. Sales turnout is described as the number of products that the company sells. The oil and gas industry is experiencing the third price collapse in 12 years. The industry rebounded after the first two shocks, and business as usual continued. This study used a descriptive research method of design. The respondents of the study were 50 employees. This study utilized a survey questionnaire as an instrument in the study conducted. The researchers requested permission from the Pertua Oil Corporation to administer the questionnaire and conduct the studies. This study utilized a purposive sampling technique. According to Crossman (2020), a purposive sampling technique is a non-probability sample that is selected based on a population's characteristics and the study's objective. The sample was intended to approach this study's fifty (50) respondents. Based on the survey results of the study, Most responses were Production (27 or 57%). The respondents assess the performance of Pertua Oil Corporation as having "Better Acceleration" (weighted mean = 4.080, interpreted as a Major Impact as the company utilized billboard ads to promote their products. The researchers believe that the department is mostly productive. The respondents assess the sales turnout of Pertua Oil Corporation as having a severe impact in terms of price and number of customers while having a major impact in terms of promotions. The respondents assess the performance of Pertua Oil Corporation as excellent in terms of better acceleration, quality of the oil, and good service. The challenge Pertua Oil Corporation encountered was sales turnout.