Home Trade contd IV
Commerce SSS1 Second Term
WEEK 4
Home Trade contd IV
Performance Objectives
The student should be able to:
1. Discuss the reason why a retail business may fail.
Content
Reasons Why Retail Businesses Fail
The following are the reasons why retail businesses fail in Nigeria:
1. Finance: Because of the generally small size, retail businesses do not have ample opportunities to obtain finance. Banks and other financial institutions do not often give loan to small borrowers who are also disadvantaged in accessing the capital market or stock exchange to raise funds.
2. Limited managerial and professional capacity: Management and professional services are ofter limited to.... View More
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