The Effects Of Cash Management Skills On The Growth Of Small Scale Businesess In Ga Yaza Market

ABSTRACT

The study was conducted to assess the effects of cash management on the growth of small scale

businesses in Gayaza market. The main research objectives were to assess the role played by

cash management skills on the growth of small scale businesses in Gayaza market; to find out the

cash management skills used in businesses in Gayaza, to investigate on the relation between cash

management skills and the growth of small scale businesses in Gayaza market, to know the

challenges facing small scale businesses in Gayaza market. Simple random sampling teclmique

of data collection was used to select sample for the study. The researcher gave out 84 typed

questionnaires to answer and all were returned and well attempted but out of 27 questions in the

questionnaires only 3 questions were not answered.

The researcher used self-administrator questions after distributing questionnaires to t.'ie

respondents of different categories of occupation to tick according to their views depending on

the nature of the questions set in the questionnaires. Cash management skills like setting credit

terms and condition to the debtors as far as credit sale is concerned it has contributed towards the

growth of small scale businesses in Gayaza market in some ways and this include, recovery of

large amount of debts from debtors by encouraging debtors to meet the date line stated by the

business for settlement of obligations. The relationship that exist between cash management

skill and the growth of small scale businesses in Gayaza market include, increases in stocks size

transfers from small business location to the large premises. However, businesses in Gayaza

market are facing major challenge of increasing competition.

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