TABLE OF CONTENTS
Abstract
CHAPTER ONE
1.0 Introduction
1.1 Background of Study
1.2 Statement of Problems
1.3 Research Objectives
1.4 Research Question
1.5 Research Hypothesis
1.6 Scope of Study
1.7 Significance of study
1.8 Limitation of study
1.9 Definition of terms
CHAPTER TWO
2.0 Literature Review
CHAPTER THREE
3.0 Research methodology
3.1 Research Design
3.2 Population of study
3.3 Sampling Design and Procedure
3.4 Data Collection Instrument
3.5 Administration of Data Collection Instrument
3.6 Methods of data analysis
CHAPTER FOUR
4.0 Data Presentation and Analysis
4.1 Data Presentation
4.2 Test of Hypothesis
CHAPTER FIVE
5.0 Summary, Conclusion and Recommendation
5.1 Summary
5.2 Conclusion
5.3 Recommendation
References
Questionnaire
CHAPTER ONE
INTRODUCTION
1.0 BACKGROUND OF THE STUDY
Business is absolutely a complex activity. This is because it involves a lot of technicalities ranging from the task of planning to control of such plans in order to achieve the desire objectives of profit maximization. It is in view of this, that this study is mainly centered on the floating of a business to a stage where it finds it difficult to keep it’s head above water.
In the late 70s business was in its period of boom, the economy was doing well at that point in time and the exchange rate was appreciable within this period. International trade was easy as a result of lesser trade restrictions and foreign exchange control.
During this period, Faith printing press was a beneficiary of the prevailing policies such as the importation of papers and other printing materials. These goods were usually tax free by the agencies concerned, as a result of the significance the government attaches to the publishing sector and the clearance procedures at the port were effective and efficient then.
In the late 80’s as a result of the military take-over, various decrees and policies came into place. The economy became unbearable for the citizens and their purchasing power became very low, thereby forcing business not to live up to their required billing. What followed was that industries started operating on short run, and later businesses started folding up.
The various trade restrictions, VAT policies on goods imported did not help matters. The result effect of all these, was folding up of businesses. Against the business affected was then within our locality the -Faith printing press. The concerns shown people in the locality spearheaded an agenda to resuscitate the company and prevent it from total collapse.
The process of doing this proved difficult due to the extent of funds require to source for foreign exchange needed for the importation of raw materials there were other problems that seem intractable. But the people and company unite make persistence efforts to resuscitate the company but the more difficult problems that resulted, Motivated an interest to study the problems of business failure and the possible solutions.