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What are the problem and prospect of small scale industries in Nigeria?
Wiki User
∙ 11y ago
1. lack of certified public accountant who helps tremendiously in keeping accounting records. 2. unorganised system of accounting 3. insufficient account recording books 4. Auditing round the computer
Wiki User
∙ 16y ago
Wiki User
∙ 12y agoproblems of starting a small scale business
Wiki User
∙ 15y agoThere should not be any problem provided the terms are what is required- what type of business is it? Do you have any property associated with it?
Wiki User
∙ 11y agoThe problems of small business are, insufficient funds, illiteracy
Wiki User
∙ 12y agoCompetition among bigger ones
Wiki User
∙ 11y agothe problem of small scal business
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What are the problem of small scale industries in India?
what are the problem of small scale industries in india?
What do you understand by small scale industries discuss the problem faced by small scale industries?
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Problems and prospects of small scale industries in nigeria?
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.
What are the sources of financing small scale business in nigeria?
Source of finance for small scale business can be raise through 1. From family. 2. From friends 3. From cooperatives society 4. Loans from the bank... Nigeria has introduced some sectoral policies to strengthen the growth of SMEs in Nigeria. Some of the policies active there are Concessionary financing, Small and Medium Industries Equity Investments Scheme(SMIEIS) to encourage the growth of small and medium scale industries. In Nigeria, the National Council of Industry, under the Federal Ministry of Industries, periodically revises the classification of SMEs. Other institutions, such as the Central Bank of Nigeria and the Nigerian Association of Small Scale Industries(NASSI) promote the growth of small industries.
What has the author Adeseun Ogundoyin written?
Adeseun Ogundoyin has written: 'The development of medium scale Manufacturing industries in Nigeria'
What is the meaning of medium scale industries?
The meaning of medium scale industries is industries that are in-between large scale and small scale industries. These are average industries that have a higher production capacity that small scale industries but lower than large scale industries.
Difference between large scale industries medium scale industries and small scale industries?
The difference between large scale industries, medium scale industries and small scale industries is found in three areas. It depends on the number of employees each industry employs, the amount of capital that was invested and the availability of the company's assets.
What are the limitations of small scale industries?
limitations of small scale industries
What is meant by 'large scale industries'?
large scale industries are type of industries in which very large amount of production & manufacturing can be done....
What is the meaning of small scale industries?
The industries which are organised on a small scale and produce goods with the help of small machines,hired labour and power are called as small scale industries
Classification of industry on the basis of size?
Classification of industries on the basis of size........... On the basis of size 3 types of industries are there:- 1.Small scale industry 2.Medium scale industry 3.Large scale industry -mohit malviya VIII-'D' SICA.S.S.SCHOOL
Discuss the advantages and disadvantages of globalisation to small scale industries in India?
what are the advantages of small scale industries?
