Question
Am working on a project topic entitled Frictional Theory of Profit and Costing: A relationship between the two in ensuring SMEs financial stability in a
Am working on a project topic entitled
Frictional Theory of Profit and Costing: A relationship between the two in ensuring SMEs financial stability in a post COVID-19.
But then, my mode of data collection was via the use of a structured questionnaire. with the following questions.
1. What is your company's profit margin?
2. What percentage of your company's revenue is spent on costs?
3. What are some of the challenges that your company faces in controlling costs?
4. How has your company's profit margin changed since the COVID-19 pandemic began?
5 How has your business been affected by the COVID-19 pandemic?
-6. What are your thoughts on the relationship between profit and cost?
7. -How do you ensure that your business is financially stable in a post-COVID-19 world?
8. -What are some of the challenges that you face in controlling your costs?
My sample size is 150 SMEs. i will need help in choosing a research model and analyzing the data and interpreting the analyzed data.
The data analysis should aid me to answer the following research objectives.
- 1. What is the relationship between profit and costing?
- 2. How can SMEs use this relationship to ensure their financial stability in a post-COVID-19 world?
- 3. What are some of the challenges that SMEs may face in controlling their costs?
Thank You
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