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THE IMPACT OF INFLATION ON BUSINESS AND TRADE. A CASE STUDY OF NIGERIA
ABSTRACT
This work discusses the impact of inflation on business and trade. a case study of Nigeria. Not all businesses are equally affected by inflation. When customers rely on a business and, by choice or circumstance, are less willing to shop around, price hikes won’t alter demand as much as they would for an optional good. Therefore, many businesses, like grocery stores, healthcare providers, childcare and tax professionals, are considered recession-proof. But with discretionary goods, a purchase that can be put off until next month — or longer — probably will be.
.A hundred and twenty questionnaires were distributed among employees and managers in Nigeria. Interviews and surveys were also conducted.
Primary and secondary data will be used in the analysis. Tables and percentages will also be used as the instrument of analysis
Inflation can be good or bad depending on the business. An essential business with low competition and high loyalty will be less affected by rising prices, but any business will have to compensate for rising costs by raising prices, cutting costs or restructuring. Inflation also raises the cost to borrow money and, therefore, to expand a business, but it reduces the cost of existing debt. It will be observed therefore that inflation doesn’t have a strong and significant effect on business and trade.
TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Research Hypothesis
1.7 Conceptual and Operational Definition
1.8 Assumptions
1.9 Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Sources of Literature
2.2 The Review
2.3 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Method
3.2 Research Design
3.3 Research Sample
3.4 Measuring Instrument
3.5 Data Collection
3.6 Data Analysis
3.7 Expected Result
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY AND RECOMMENDATIONS
5.1 Summary
5.2 Recommendations for Further Study
References
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