CHAPTER ONE
INTRODUCTION
There must be development in small-scale business if Nigeria is to improve. It has been noted that, small business may be an individual or partnership basis, which operates through out the countries of the world and it depends on the types of economic system being practiced in the countries concerned.
The system can be any of capitalism, socialism or mixed economy, Nigeria as a nation is operating mixed economy and this has helped the nation to develop since this type of economic system permits means production to the owned or managed by individuals as well as government.
The environmental factors could have a significant effect on small-scale business if care is not taken. There is need to know what environmental influences are as this project is concerned.
“According to Professor Etuk (1991) in his book title marketing management second edition as “A business enterprises does not exist in a vacuum but function as an integral part of the environment in which it operates”.
“According to the Webster’s, dictionary defined an environment as the surroundings especially the materials and spiritual influence which affect the growth, development and existence of a living being. In short business environment is the sum total of the community in which it operates. The small-scale business has positive impact on the development of the economy by making use of little resources available to generate employment and create utility by selling goods and services produced.
However, it is misleading to conclude without reservation that, small scale business does not bear some benefits The benefit associated with them are far more than their problem.
1.1 The statement of problem
The contributions of small-scale business organization to Nigeria economic growth cannot be ignored by any government. This sectors has been under various environmental influence.
(1)One of the problems that have always been identify as a factor affecting the small scale business development is the lack of finance. There is no doubt that for a business to operate profitability, it needs adequate financial resources to take advantages of existing opportunities.
(2)In addition, the government restriction on raw material importation is also a major problem facing small business organization.
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.