A small scale business in Nigeria is one that doesn't do as much business as a market leader. Typically, these businesses are locally owned businesses.
sources of finance to small scale business
Examples of the small scale business in Nigeria includes the fresh fruit business, the food supply business, the retail shop business, and the carpet cleaning business. The other important small scale business in Nigeria includes web designing and forex trading.
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they varies
The impact of small scale business in nigeria economic are much to the extend that a word can not describe it no matter how you want to classify it.The impact has created a lot of business to nigeria system, for instance, MTN Nigeria has contributed and invested much into the economy.
The definition of small scale business is a small business enterprise that employs a low number of workers. It usually does not have high volume of sales.
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Small scale business is the same anywhere - Mom 'n Pop store, newspaper stand, etc.
The problems of small scale industries in Nigeria include corruption, insecurity and poor infrastructure. The prospects on the other hand include engaging foreign traders in business so as to grow the economy.
running a school pure water business bakery tissue factory bottling industry
Lack of stable light, lack of support from the government
It is a business independently owned and operated, a business that has a small share of the market(not in position to significantly influence the size of the market). The CEO generally participates actively in most levels of decision making process and all employees throught the business knows the Chief Executive.