Data of Influence of fund in acquisition of goods by small and medium enterprises

Data of Influence of fund in acquisition of goods by small and medium enterprises.

The research objective of this study was to examine influence of fund in acquisition of goods by small and medium enterprises.  For the purpose of this study, factors tested were grouped into four, these are; easily access to financial support, limited purchasing power, access to source from global market and government taxes influence

Easily access to financial support

The statement aimed to get information from respondents on the easiest of accessing financial support. The following is the level of response from respondents

Table  Easily access to financial support

Source: Field Data, (2020)

The findings from table 4.5 show that, 68.5% of the total respondents disagreed with the statement that they don’t easily access to financial support, while 24.7% of the respondents disagreed and stating that they are easily getting financial support.

The study finding imply that small and medium enterprises businessmen are not supported by big companies, governments in their business, this means they stand alone in generating their own income.

These findings relate with Sounza, (2012) who explained on the importance of being supported that, the one who is financial supported by other people, governments, big companies will grow his/ her business quickly.

Limited purchasing power

The statement aimed to know whether small and medium enterprises have Limited purchasing power or not. The study indicated the following level of respondent’s response on the statement.

Table Limited purchasing power

Source: Field Data, (2020)

The findings from table 4.6 show that, 60.6% of the total respondents agreed with the statement that there is a limited purchasing power for small and medium enterprises, while 30.1% of the respondents disagreed with the statement.

The findings imply that there are several limitations such as financial constraints, support from large companies which hinder them from purchasing different goods, however they have a limitation due to the nature of their business which does not generate high income for more investments.

The findings agree with Gelderman, (2008) who explained challenges facing small businessmen’s indicating economic constraints being the major hindering factor, purchasing knowledge on different goods and lack of appropriate ambassadors in their business.

Access to source from global market

The statement aimed to know whether small and medium enterprises are having access to source from global market. The study indicated the following level of respondent’s response on the statement.

Table 4.7 Access to source from global market

Source: Field Data, (2020)

The findings from table 4.7 show that, 69.9% of the total respondents disagreed with the statement that they have no access to source from global market, while 27.4% of the respondents agreed with this statement.

The findings from respondents imply that they are not able to adjust their marketing strategies to meet conditions of other countries, this means that they are not full able to plan, create, position, and promote themselves in global markets.

Data of Influence of fund in acquisition of goods by small and medium enterprises

Data of Influence of fund in acquisition of goods by small and medium enterprises.. These relay with Michael, (2014) who explained on different strategies of certain business to be engaged in global market as having offices abroad for countries they market to, having proliferation of the internet, having completion among other business will also make requirements of certain business at international level.

Paying government taxes

The statement aimed to know whether paying government taxes influence acquisition of goods by small and medium enterprises. The study indicated the following level of respondent’s response on the statement

Table 4.8 Paying government taxes

Source: Field Data, (2020)

The findings from table 4.8 show that, 72.6% of the total respondents disagreed that paying government taxes limit acquisition of goods by small and medium enterprises, while 26.0% of the respondents agreed with this statement.

The findings positively show that there is fund reduction due to high government taxes payment on goods being exported and imported. The government requires payment of tax which is high for every services being provided, this causes these small and medium businessmen to earn less from their business.

Data of Influence of fund in acquisition of goods by small and medium enterprises.. These findings relay with those of Saha, (2015) who explained on the impact of high government taxes to business, explaining that there is a big loss of income when you import and export goods outside the country which delays the growth of business.