We use essential cookies to sign you in and remember your settings. With your permission we also use analytics cookies to understand how the site is used. See our privacy policy or fine-tune this anytime at cookie settings.

SubjectPaid lesson

Home Trade contd IV

ClassNotes Team 2 MIN READUPDATED 4 JUL 2026

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 whatever the proprietors themselves can provide.

3. Simplistic and non-modern modes of operation: Adequate…