CHAPTER ONE 1.1 Introduction The role and importance Small and Medium Enterprises play in the development of nation has been well documented and beyond doubt now that any emergent economy must have a viral and sustained SME subsector which are critical to the development of an economy. The significant roles SMEs play in development is acknowledged universally. Even in countries such as the United States. Small and Medium Industries Equity Investment Scheme (SMIEIS)‚ are enterprises with
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Effect of working capital management practices onfinancial performance: A study of small scale enterprises in Kisii South District‚ KenyaSmall scale enterprises (SSEs) are acknowledged in Kenya as significant contributors to economic growth. Despite this‚ it is estimated that up to 40% of the start-ups fail by year 2 and at least 60% close their doors by year 4. Working capital management is credited as one of the causes of these failures. The purpose of this study was to assess the effect of
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developed or used Marshall mcluhan ’ the edum is the message’ - can be described as a technological determinist the technological medium it self is important cause the means of sending a message has social logic that then informs the way we think the way we think‚ represent things and the way we perceive and extend our selves into the world is effected by the mediums that we use suggesting that the new ways in which we intereact within a culture come from a result of technological change we
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Medium of exchange is what a buyer uses to purchase either a good or service from a seller‚ in most cases this is going to be money. Money is an accepted medium of exchange because we know that we will be able to obtain goods and services if we have the money to purchase them. Unit of account is used to measure and record economic value. This means that we use this when the amounts will be measured in dollars and not the quantity of goods. The store of value is when someone will keep the money that
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Economies of scale Definition Reduction in long-run average and marginal costs‚ due to increase in size of an operating unit (a factory or plant‚ for example). Economics of scale can be internal to a firm (cost reduction due to technological and management factors) or external (cost reduction due to the effect of technology in an industry). Diseconomies of scale Definition Increase in long-term average cost of production as the scale of operations increases beyond a certain level
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composition of the substrate which has the highest cellulose pellicle yield was using the ratio of CSL medium to coconut water at was 4:1(v/v). To the above medium‚ supplements consisted of sucrose (5%)‚ corn steep liquor (4%)‚ and ammonium acetate (3.75%). In fact‚ 7% sucrose gave the best yield; followed by 5% sucrose but the contribution of adding 7% sucrose is lower than that of 5%. The pH of medium was adjusted to initial pH 4.0‚ and incubated at 30℃ for 10 days; highest yield of cellulose pellicle
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ECONOMIES OF SCALE Economies of scale are an important aspect of efficiency in production .Economies of can henceforth be define as ‘the reduction in average costs of production‚ that occur as a firm increases in size’. As businesses grow and their outputs increases‚they commonly benefit from a reduction in average costs of production.Total costs will increase with the increase in output‚but the cost of producing each unit falls as output increases .The reduction
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The Medium is the Message There are many things that fill our heads other than our own thoughts in today’s society. Things like social networking sites keep people all over the world updated on the latest fashion trends and technology. While things like ad’s and billboards spread advertisements as far the eye can see. The media is everywhere‚ and it has a great influence on our lives. As said by Marshall McLuhan‚ “Our conventional response to all media‚ namely that is how they are used that counts
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Introduction The essay below defines the process of communication and its mediums‚ outlines the main types of mediums‚ and describes why it is important to carefully choose the right way of communication when trying to deliver a message to recipients. Communication and its mediums. Communication is a very important aspect of everyday life. From the time we are born we are involved in this process. It’s one of the very first skills we learn in life‚ it’s something we do every day‚ and still the
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The Canadian Recording Industry: CD Vs. Digital Stephanie Puccinelli 0764785 MDST*2020 November 12‚ 2012 City and Colour‚ Our Lady Peace‚ Arcade Fire and Billy Talent are all bands that depend on the Canadian recordi//g industry. Without this industry these bands would have had a hard time becoming known to such a wide array of people. Not only does the recording industry help make the actual recordings in the studio‚ but they also make it possible for artists and bands to put out songs
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