Analyzing The Market State Of Pure Water
|BANKING AND FINANCE
No of pages
|MS Word & PDF
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Water is a chemical compound with the chemical formula H2O. A Water molecule contains one oxygen atom and two hydrogen atoms connected y covalent bond. Water is a liquid at temperatures above 00c (273.15k, 320F) at sea level, but it often co-exist on Earth with its solid state, ice and gaseous state (water vapor or steam).
Water also exists in a liquid crystal state near hydrophilic surface.
Water covers 71% of Earth’s surface and is vital for all known form of life. On Earth, 96.5% of the planet’s water is found in oceans, 1.7% in groundwater, 1.7% in glaciers and the ice caps of Antarctica and Greenland, a small fraction in other large water bodies and 0.001% in the air as vapor, clouds (formed of solid and liquid water particles suspended in air) and precipitation. Only 2.5% of Earth’s water is fresh water and 98.8% of the water is in ice and groundwater.
Less than 0.3% of all freshwater is in rivers, lakes and atmosphere and an even smaller amount of the Earth’s fresh water (0.003%) is contained within biological bodies and manufactured products.
Water on Earth moves continually through the hydrological cycle of evaporation and transpiration (evapotranspiration), condensation, precipitation and runoff usually reaching the sea. Evaporation and transpiration contribute to the precipitation over land.
Safe drinking water is essential to humans and other life forms even though it provide no calories or organic nutrients. Access to safe drinking water has improved over the last decades in almost every part of the world, but approximately one billion people still lack access to safe water and over 2.5 billion lack access to adequate sanitation.
There is a clear correlation between access to safe water and GDP per capital.
However some observers estimated that by 2025 more than half of the world population will be facing water-based vulnerability.
A recent report (November 2009) suggested that by 2030, in some developing regions of the world, water demand will exceed supply by 50%.
Water plays an important role in the world economy, as it functions as a solvent for a wide variety of chemical substances and facilitates industrial cooling and transportation. Approximately 70% of the freshwater used by humans goes to agriculture.
1.1 HISTORICAL BACKGROUND
The Kwara state polytechnic, Ilorin, was established in 1972, under the edit no 4 which has now been replaced by edit no 1984 with the objective of upbringing various people for acceleration of economy development in Kwara state and in Nigeria as a whole.
The polytechnic was established and open by the then governor of Kwara state, col. David Bamigboye.
The decision to establish the polytechnic was announced during the launching of the four year development plan in 1971.
The college eventually came into existence and come on operation in January 1973 with administration machinery patterned closely after the existing university in the country.
As it inception in 1973, the polytechnic has 110 students, one member of academic staff and three senior administrative staffs (including registrar).
The main proposal for the establishment of the polytechnic was to develop what is needed and not what it can lay her hand on.
1.1.1 KWARAPOLY PUREWATER
The production of pure water in the institute started in October 2012. The need to produce the school own pure water in order to meet the challenges and to be among the pure water producing institutes of learning in the country and also to serve as source of revenue generation.
Hence, the need for production of pure water for timing population in the ecosystem (community).
The WHO standard on water emphasized the need for quality water that save life and conform to specifications.
From the inception of kwarapoly pure water production in the institution, the seller/vendors of other pure water product was stopped and only the institute pure water was in circulation and a lot of complain by the consumers of the pure water.
The question of conformance to taste and durability of the packaging then arises.
The unsatisfactory conditions of the pure water lead people to avoid drinking it.
Instead, some people prefer buying and drinking bottle water while some that cannot afford bottle water do bring water from their home and those that cannot afford the two options, with no other choice take the pure water with risk.
1.2 SIGNIFICANCE OF STUDY
The research work will play a vital role in acceptance and viewing the complaint of the customers on the satisfactory state of the product.
This will also go along in checking and improving services.
The need to have a quality purewater and the need to be one of the leading product service in the state, since quality is about improvement.