The Effect Of Environmental Factors On The Performance Of Small And Medium Scale Business In Nigeria

1.7 DEFINITION OF TERMS 

Effect: is defined as a change which is a result or consequence of an action or other cause, or cause (something) to happen; bring about

Factors: A constituent or element that brings about certain effects or results, or indicates a specific multiple, number, or quantity.

Environment: Environment is everything that is around us. It can be living or nonliving things. It includes physical, chemical and other natural forces. Living things live in their environment. They constantly interact with it and change in response to conditions in their environment.

Business: A business (also known as an enterprise, a company, or a firm) is an organizational entity and legal entity made up of an association of people, be they natural, legal, or a mixture of both who share a common purpose and unite in order to focus their various talents and organize their collectively available skills or ...

Business performance: Business performance management is a set of performance management and analytic processes that enables the management of an organization's performance to achieve one or more pre-selected goals.

SMEs: The European definition of SME follows: "The category of micro, small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding 50 million euro, and/or an annual balance sheet total not exceeding 43 million euro."

Business organization: A business organization is an individual or group of people that collaborate to achieve certain commercial goals. Some business organizations are formed to earn income for owners. Other business organizations, called nonprofits, are formed for public purposes.

1.8 ORGANIZATION OF THE STUDY

This research work is organized in five chapters, for easy understanding, as follows Chapter one is concern with the introduction, which consist of the (overview, of the study), statement of problem, objectives of the study, research question, significance or the study, research methodology, definition of terms and historical background of the study. Chapter two highlight the theoretical framework on which the study is based, thus the review of related literature. Chapter three deals on the research design and methodology adopted in the study. Chapter four concentrate on the data collection and analysis and presentation of finding.  Chapter five gives summary, conclusion, and recommendations made of the study.