ABSTRACT
This study
examined the role of small scale business in the economic development of Etsako
West “Local Government Area with a focus on Bendel Super Market, Auchi Edo
State. The researcher
adopted a survey method in gathering data and information for the study.
Information was also gathered from commentary sources: the text books, News
papers, Journal and other related sources. The concept of small scale industry
the types, the activities, the benefits and the needs for small scale
industries are very central in the economic development of Etsako West Local
Government Area. This study concludes
great there is the need to support the surviving of small scale business
because of their numerous contributions to the economic development of Etsako
West Local Government Area.
TABLE OF
CONTENTS
Title
page
Certification --- --- --- --- --- ---- --- --- i
Dedication
--- --- --- --- --- ---- --- --- ii
Acknowledgement
--- --- --- --- --- --- iii
Table
of Contents --- --- --- --- --- ---- --- iv
Abstract --- --- --- --- --- ---- --- --- vi
CHAPTER ONE: INTRODUCTION
1.1
Background to
the Study --- --- --- --- --- 1
1.2
Statement of
the Problem --- --- --- --- --- 2
1.3
Research
Questions --- --- --- --- --- 3
1.4
Objective of
the Study--- --- --- --- ---- --- 3
1.5
Statement of Hypotheses --- --- --- --- --- 4
1.6
Scope of the
Study--- --- --- --- ---- --- 4
1.7
Significances
of the Study--- --- --- --- --- 5
1.8
Limitation of
the study--- --- --- --- ---- --- 6
1.9
Operational Definitions
of Terms --- --- --- --- 7
CHAPTER TWO: LITERATURE
REVIEW
2.1
Introduction -- --- --- -- --- ---- --- 9
2.2
The Review --- --- --- --- --- --- 10
2.3 Summary of the Review --- --- --- --- --- 23
CHAPTER THREE: RESEARCH
METHOD
3.1 Introduction
--- --- --- -- --- --- --- 24
3.2 Research
Design--- --- --- --- --- --- 25
3.3 Population
of the Study --- --- --- --- --- 25
3.4 Sample/Sampling
Techniques --- --- --- --- 25
3.5 Instrumentation
--- --- --- --- --- --- 26
3.6 Methods
of Data Collection --- --- --- --- --- 27
3.7 Method
of Data Analysis --- --- --- --- --- 27
CHAPTER FOUR:
DATA PRESENTATION, ANALYSIS AND DISCUSSION
4.1 Introduction
--- --- --- --- --- --- --- 29
4.2 Data
Presentation and Interpretation - --- --- --- 29
4.3 Test
of Hypotheses --- --- --- --- --- 35
4.4 Discussion
of Findings --- --- --- --- --- 39
CHAPTER FIVE:
SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Introduction
--- --- --- --- --- --- --- 40
5.2 Summary
of Findings --- --- --- --- --- --- 40
5.3 Conclusion --- --- --- --- --- --- --- 40
5.4 Recommendations --- --- --- --- --- --- 41
References
Appendix
CHAPTER ONE: INTRODUCTION
1.1 Background to the Study
Small scale enterprises are household
application which consist of various business practices like the sole trading,
partnership and private companies. These types of companies form the bedrock of
most developing economic. Most of them however do not employ any form of paid
labour. They were found largely in a variety of manufacturing lines such as
shoes making, weaving, food processing, tailoring etc.
In 1970, the federal ministry of
industries defines small scale enterprise as an industry employing about one to
five persons and which total do not exceed one hundred and fifty thousand naira
in machinery and equipment. The central bank of Nigeria in 1980 defined small
scale business as an enterprise whose
annual turnover ranges between N25,000
to N50, 000.
1.2
Statement of the Problem
Small scale industries in Nigeria today
are faced with a lot of problems. Despite the unique position occupied by small
scale industries in the development of an industrial economy, these business
are characterized by:
(i)
Poor Organization:-
This is hinged on the inability of
manager to property put together human and materials resources.
(ii)
Lack of Inadequate Capital:- As
a result of low capital income of the people.
(iii)
Uncontrolled Growth:- Every
business desires growth which must be planned and controlled.
(iv)
Poor Location:-
Making choice of an ideal location for a
business is very critical to its success.
(v)
Wrong pricing:-
In fixing price on products to generate the desire profit, the business owner must understand how much it
costs to make market and deliver their products and services.
Furthermore, most small scale business are
faced with problem of research and development.
1.3 Objective of the Study
The main purpose of this study is to
examine the various ways which could serve as the lead way for small scale
business to contribute towards the development of Nigeria economy. Bearing in mind that this form of business
increases the gross domestic product of a country and provide revenue for the
government in form of taxes, this study is aimed at unveiling the importance of
small scale business hidden talents and develop individual skills so as to be
more creative.
1.4
Research Question
1.
Is the problem of management in small scale business as a result of poor
planning, organizing, controlling and co-ordinating their activities.
2. The
problem of financing in small scale business arise from adequate use of funds.
3. Is
the problem of research and development in small scale business due to
inadequate forecast?
1.5 Statement
of Hypotheses
For the purpose of a depth study, the
research adopted the following hypothesis stated in a null and alternative
formal.
Ho:
Small scale business are not faced with the problem of poor
organization.
Hi:
Small scale business are actually faced with the problem of poor
organization.
Ho:
Inadequate capital would not deter small scale industries from growth.
Hi:
Inadequate capital for small scale business to operate makes it
difficult for them to grow.
1.6 Scope
of the Study
This study covers the contributions,
functions activities of small scale industries. Basically, the activities of
small scale businesses focus on four areas.
(a)
Extraction of raw materials which are used
by other organization for further production.
(b)
The conversation of the raw materials
extracted into finished product.
(c)
The section market out this finished
product to consumers through adverts, personal selling and other propaganda.
(d)
Provision of services such as banking,
insurance, commerce e.t.c.
1.7
Significance of the Study
There are quantitative importance of small
scale enterprises which necessitate and makes it possible for them to exist in
spirit of obvious competitive odds from large scale enterprise. They could be firms play an important role.
Several of these social and economic
values are discussed briefly in the section. Nigeria economic system is
characterized by freedom of opportunity. A part from a few industries left to
be run by government (public corporation) with a view to alienating the
suffering which the general public would encounter, assuming these are left in
the hands of bourgeoisie, every individual has the right to initiate and
established his /her own business either as a limited liability company
everyone has the right to elect one’s employer and an employer has the right to
employ anyone he chooses.
Only few barriers have been placed before
individual inspiring to business entrepreneurship. Notable among these
especially in manufacturing sector distinct from the serviced sector, is the
legislature protocol. With ambition and other necessary prerequisite one can
set up a small firm.
This means that freedom of opportunity may
be a freedom of failure as well as the earn profit; freedom of opportunity not
guarantee success. Nevertheless, this freedom has made it possible for small
scale enterprise, in recent time.
1.8
Limitation of the Study
In any research, there must have to be
problems that will be encountered by researcher. These problems are brought in
to high to enable future researcher take note.
Secrecy is the first problem faced by the
researcher. Organization and individuals tend to see questionnaire and
interview as a means of obtaining information from them which might be used to
tax them and which their competitors can use to plot their downfall, or use to
plot strategies against them.
The study was also committed by the
problem of finance lot of money have been spent on printing of
questionnaires interview guide and
coupled with this transportation problem, to and from the case study. This is
because the researcher do go there at times and discover that the respondent
is on seat and even when he is no seat, he might ask you to go and come back at
other time especially when he is busy.
1.9 Operational Definition of Terms
Small: It is a given quantity of measurement of a
given number.
Business:
It can be describe as an act of creating goods and services for profit motive.
Or any economic activity that provides goods and services to satisfy human
wants.
Enterprise:
It can be defined as industrious/ creating goods and services precisely
anything that sells in enterprising.
Assets: According to oxford advanced learner’s
dictionary “assets is a business thing of value, especially property, that a
person or company owns, which can be used or sold to pay debts.
Development:
A conscious effort of the government to bring about change in the economic
variables.
Infrastructure:
It can defined as all kinds of such as power, water supply, transportation,
communication monetary, institutions, research establishments, education,,
health, information and social welfare institutions.
Small
Scale Business: According to industrial policy act of
Nigeria. Small scale business are does with the total investment of between N 100,00 and N200,000
exclusive of land but including working capital.
Unveiling:
To bring to light.
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