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Effect Of Feasibility Study In Achieving Small Scale Business Objectives
[A Case Study of Mr. Bigg’s Ibrahim Taiwo Road, Ilorin]
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1.5 STATEMENT OF HYPOTHESIS
The research been used by usual problem that associate with survey research methodology.
The research made use of primary and secondary data that was gotten from the Mr. Bigg’s Ibrahim Taiwo Road Ilorin.
1.6 SCOPE OF THE STUDY
This study concentrated on the activities of the snack bar of the fast food outlet with respect to the organic business functions such as marketing production, finance and personnel.
This study was limited to Mr. Bigg’s Ibrahim Taiwo Road Ilorin.
This study based its research on the snack bar as subject of the fast food outlets.
1.7 LIMITATION OF THE STUDY
The limitation of this study were the usual problems associated with survey research methodology such as the inability of the existing operators of the fast food outlets to give vital information on the activities of the business, especially relation to sales revenue, cost of production and profit earned i.e. there is high degree of secrecy by the operators.
Also, the low level of education of the respondents in the small scale business which did not give room for adequate use of quantitative research method.
Another major constraint was fund lack of fund to carryout the research and the limited time frame within the research was to be carried out
1.8 DEFINITION OF TERMS
i. ENTERPRENUER
Starts organize a commercial enterprises especially involving financial risk.
ii. PROFITABILITY
Ability to make gain in business in terms of money especially the different between the amounts earned and the amount spent.
iii. VIABILITY
Capable of developing and surviving independently
iv. PLANNING
The action or process of making plans or something deciding in advances.
v. INVESTMENT
To develop business enterprises in order to earn interest.
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