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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This paper titled “Financial Management Practices of Small Firms in Nigeria: Emerging Tasks for the Accountant” It is aim to determine whether the financial management practices of small firms in Nigeria have impact on their profitability‚ growth and survival. It was discovered that two financial information variables (accounting system and financial management information) alone dominate the risk perception of fund providers. As a result‚ small firms find it difficult to source adequate funds for
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Setting up and running a small-scale cooking oil business Opportunities in food processing a series Opportunities in Food Processing Setting up and running a small-scale cooking oil business Contributing authors : Barrie Axtell‚ Peter Fellows‚ Linus Gedi‚ Joseph Hounhouigan‚ Franklin Murphy and Peggy Oti-Boateng Edited by : Peter Fellows and Barrie Axtell Midway Associates Published by CTA (2012) The Technical Centre for Agricultural and Rural Cooperation (CTA) is a joint international
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Critical analysis of ‘staffing issues among small hospitality business: A college town case’ Name: Student ID: Word count: 1‚899 05/06/10 Executive summary Staff turnover is the phenomenon with high frequency and large-scale flow‚ and turnover is greater than industry normal value. Overall‚ staff turnover is conducive to better match with the staff‚ which can bring about the healthy development of enterprises (Norma‚ Gillian & Sandra‚ 2002). Especially when the
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services does the Web site provide for individuals‚ small businesses and large businesses? List these services and write several paragraphs describing one of them‚ such as UPS Trade Direct or Automated Shipment Processing. Explain how your business would benefit from the service. INTRODUCTION More and more people are looking to the web for the products and services they need. Consumers want to be able to access products and services online and businesses have to obey consumer expectations! The Internet
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Ghana‚ Annual Report (1997) for the year ended 30th June‚ ACCRA. 3. Bonsu‚ O 5. Brunto‚ P. D. (1987) “financing small-scale Forest base processing enterprises Fao‚ Rome. 6. Business and Financial Time (1998) 9-15th March. 7. D .K 8. Daily Graphic (1995)‚ Wednesday 2nd December‚ ACCRA 9. Daily Graphic (1997)‚ 7th August and 30th October‚ ACCRA 10. Dewhurst‚ J. & Burns P. (1988) Small Business Planning‚ Finance and Control. 3rd edition‚ Macmillan education LTD LONDON. 11. Doyle E. P. (1972) Practice
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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY. The impact of manufacturing sector on the economic growth and development of any country cannot be overemphasized. This is because of its capacity to generate employment opportunities for various growths in the economy. Foreign exchange earnings‚ improvement of the economic wellbeing of the entire population etc. however‚ the survival of the manufacturing sector depends largely on varieties of factor among which include the availability of
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In comparing small businesses with corporations‚ the aspects of both types of businesses must be taken into direct consideration. By definition‚ a small business may be regarded as a business with a small number of employees. The legal definition of "small" often varies by country and industry‚ but is generally under 100 employees. These businesses are normally privately owned corporations‚ partnerships‚ or sole proprietorships. Corporations can be defined as an organization of people legally bound
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NIGERIA The Federal Republic of Nigeria comprises thirty six states and its Federal Capital Territory is Abuja. Nigeria is located in West Africa and shares land borders with the Republic of Benin in the west‚ Chad and Cameroon in the east‚ and Niger in the north. Its coast in the south lies on the Gulf of Guinea on the Atlantic Ocean. The Flag The flag of Nigeria consists of three equal sized vertical stripes - the right and left stripe are green; and the middle stripe is white. The Nigerian
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Why Do Small Businesses Fail and How to Beat the Odds Daniel P. Quinn Gwynedd-Mercy College BUS101 ASB 82 Week Two Individual Assignment Most new businesses fail within the first five years of starting. Some people mistake a business for a hobby; just because you love something doesn’t mean you should convert it into a business. Too often businesses fail because the owner feels their passion is shared by others. Other businesses plan poorly; yes‚ you must have a business plan
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