International Journal of Academic Multidisciplinary Research (IJAMR)
  Year: 2023 | Volume: 7 | Issue: 3 | Page No.: 240-245
Promotion of Small-Scale Industries and Development of Business. A Case Study; Masafu Subcounty (Busia) Download PDF
Nasirumbi Lydia, Dr. Ariyo Gracious Kazaara, Asiimwe Isaac Kazaara, Tumusiime Brenda, Ntirandekura Moses, Gift Bafaki

Abstract:
Small scale business owners are recognized as essential for the economic development of nations around the world due to their contribution to the national income (GDP), advancement, export revenue, the sale of products and services to society and large enterprises, political harmony, employment, and the performance improvement of economic health. The P-Value (0.04) is less than the alpha threshold of significance (0.05) in the chi-square test of the relationship between firm progress (dependent) and the consequences of small company performance (independent), indicating that it is statistically significant. There ought to be effective and successful checks and authorisation procedures in place, as well as clearly defined payment methods. With the aid of skilled people, it is crucial to establish the right procedures for project quality oversight and evaluation, as well as to elevate status reports so that the appropriate measures can be taken.