The Impact of Small Scale Business on the Nigerian Economy Small Scale Businesses contribute immensely to the growth and development of the Nigerian economy. Some of these impacts are felt in the following areas: Increase in the nation’s Gross domestic product and Gross national product 1. Increase in Gross Domestic Product and Gross National Product The Gross National Product (GNP) is the total dollar value of all final goods and services produced for consumption in society during a particular
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The path of small entrepreneurs is not rosy. Small entrepreneurs face the following types of problems: (1) Problem of raw materials: A major problem that the small entrepreneurs face is the procurement of raw materials. They have to confront with numerous problems like; i. Availability of inadequate quantity ii. Poor quality of materials iii. High cost of raw materials etc All these factors adversely affect the proper functioning of small units. (2) Problem of finance: Finance
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Article: Information technology: a growth navigator for small scale industries in India Small scale industries (SSI) have a significant role in the Indian economy in view of its contribution to production‚ employment‚ and export. However‚ since 1991 small scale industries in India find themselves in an intensely competitive environment due to globalization‚ domestic economic liberalization‚ and dilution of sector specific protective measures. The formation of World Trade Organization in 1995 also
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and growth of small firms Introduction Peacock (2000) argues that small business is different from large corporations by small size and rate of turnover and failure rate. According to Small Business Association‚ two-thirds of newly founded firms can survive within the first 2 years and only 44 percent are still in business after 4 years. Lowe et. al (1990) argues that failure ‘exists between failing and growing small firms.’ It can be perceived as there are 2 levels to develop small enterprises.
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Effects of Globalization on Small Enterprises The business world has witnessed a transformation in past years. Technological innovations‚ cultural progress‚ and connectivity have all influenced the habits and customs of businesses all across the world. Globalization has been behind this change‚ fuelling the revolution and shaping the businesses and society of today. Globalization is defined as “the process of interaction and integration among the people‚ companies‚ and governments of different nations
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Small town and Big cities Some people prefer a small town over a big city‚ others prefer a big city over a small town. Why? Big cities and small towns have several differences‚ they also have a few similarities. Including that they both have their advantages and disadvantages. However‚ I personally like to live in a small town. There are certain aspects and qualities that one cannot bear living in a big city. Some people who live in big cities think it’s the best place for them. Big cities
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Small Business Management 1. I think that entrepreneurship can be taught‚ because many of us exactly students had no experience with business and wish to learn about it‚ not the fact that all people will work on the specialty‚ but all of them need money to live‚ and one way to reach this goal is entrepreneurship. When it is taught‚ we already know from what to begin and we study on another’s examples as it is possible to avoid some problems. On the other hand it depends on the person how he
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Federation of Automobile Dealers Associations – www.fadaweb.com India ’s Small Car Dream The term "small car" is both relative and subjective. A small car in the US or the Middle East is regarded as big in countries such as India and Indonesia. Within a particular country‚ too‚ the small car market has fairly heterogeneous products. While a car equipped with the latest technology such as the Suzuki Swift is a small car‚ the basic Nano‚ which is available at one-third the price of the Swift‚ also
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Directing Hamlet – No Small Task A famous Hamlet director‚ Kurt Spenrath‚ once stated‚ “The only thing scarier than playing Hamlet is directing it” (Spenrath). Agreeing with him is Greg Doran‚ the director of the 2008 remake‚ starring David Tennant. He coincides by inputting‚ “I’ve always been rather terrified of Hamlet” (Allen 1). Hamlet is one of Shakespeare’s most well-known dramatics‚ and people love to put on productions of the work. Many people recognize the play because it is shown around
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What are small classes ? Small classes are classes that aren’t small in size but inthe amount of students. They usually include a minimum of 13 to a maximum of 17 students. Are small classes better ? Small classes are defind by researches that show gains in achievement. Professor Sypros Konstanpoulos from the Michigan State University found that several consecutive years of small classes in early elementary school benefits and helps students of all achievement levels after he did a study about
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