Firms and Industry – Business Enterprises

Economics SSS 1 Second Term

WEEK 2

Firms and Industry – Business Enterprises

Performance Objectives

Student should be able to:

  1. 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: View More

Subscribe now to gain full access to this lesson note

Take Me There

Click here to gain access to the full notes.