Firms and Industry – Business Enterprises
Economics SSS 1 Second Term
WEEK 2
Firms and Industry – Business Enterprises
Performance Objectives
Student should be able to:
- Identify the problems of business enterprises
Content
Problems of business enterprises
1. Inadequate capital: Many business enterprises do not have the huge amount of financial resources required to set up.
2. Insufficient raw materials: A lot of business enterprises suffer from inadequate supply of raw materials needed for maximum production
3. Inefficient management: Lack of skill personnel affects the growth of business enterprises
4. Poor power supply: Poor power supply increases the cost of production of business enterprises which disrupts their operations
5. Government policy: Policies are not implemented to aid the growth of business enterprises.
6. Poor patronage: …