THE IMPACT OF INFLATION ON THE BUSINESS ENVIRONMENT
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT: THE IMPACT OF INFLATION ON THE BUSINESS ENVIRONMENT
This study aims to: 1) evaluate the effects of inflation on business costs; 2) analyze the impact of inflation on consumer purchasing power; and 3) assess the strategies businesses adopt to mitigate inflationary pressures. A survey research design is adopted for its ability to collect detailed data. Using Taro Yamane’s formula, the sample size of 340 businesses, including retail and manufacturing firms, is determined. Lagos, as a major economic center, is selected as the location. A reliability coefficient score of 0.87 confirms the survey’s reliability. Findings indicate that inflation significantly increases business costs and reduces consumer purchasing power, leading to lower sales volumes. Businesses adopt various strategies, such as cost-cutting measures and price adjustments, to mitigate these effects. The study recommends that businesses develop robust inflation management strategies and closely monitor economic indicators to proactively respond to inflationary trends.
Related Project Materials
Design of a Resource Sharing Platform for Secondary Schools in Bauchi Local Government Area, Bauchi State
Background of the Study
In the digital age, education is undergoing a significant transformation due to technological ad...
The Role of Government Accounting in the Implementation of Anti-Corruption Policies in Nigeria: A Case Study of ICPC
Background of the Study
Corruption in Nigeria has been a longstanding issue that impedes the country’s development, e...
An Examination of Morphological Variation in Nigerian Social Media Communication: A Comparative Study of Instagram Captions
Background of the Study
Instagram captions have become a fertile ground for morphological variation in Nigerian digital co...
Optimization of Quantum Computing for Cyber Defense at Nigerian Air Force, Kaduna State
Background of the Study
Cybersecurity has become one of the most pressing challenges for organizations globally, and the...
The effect of gerrymandering on political representation at the grassroots: A study of Ilorin West Local Government Area, Kwara State
Background of the study
Gerrymandering, the manipulation of electoral district boundaries for political a...
The Role of Taxation in SME Growth in Wukari LGA
Background of the Study
Taxation can play a dual role in the growth of SMEs, acting as both a source of government revenue...
The Challenges of Cybersecurity Compliance in Financial Institutions: A Case Study of Microfinance Banks in Kaduna State
Background of the Study
With the growing reliance on digital banking systems, financial institutions are increasingly vu...
BEHAVIOURAL AND ANTICONVULSANT EFFECTS OF METHANOL EXTRACT OF FICUS VALLIS CHOUDAE (MORACEAE) STEM BARK
ABSTRACT
Ficus vallis choudae is a plant widely spread in tropical Africa including Nigeria. It is said to be of value in ethnomedicine e...
AUDIENCE PERCEPTION OF NIGERIAN NEWSPAPER ON THE INTERNET
Background of the Study
The Internet continues to evolve into a major news source. The...
An examination of digitalization strategies in business banking: A case study of Access Bank Nigeria, Kano.
Background of the Study
Digitalization strategies in business banking have become indispensable for modern financial institutions seeking...
