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MED 315 Micro, Small and Medium Enterprise Management (Okechukwu to review the practical)

HND1 levelManagement & Administration14 topics

MED 315 covers 14 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

Study MED 315 on StudyPath

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Course outline

The topics this course covers, in teaching order.

  1. Nature and scope of MSMEs
  2. Importance of MSMEs
  3. Types of small-scale businesses
  4. Challenges and failure signs in small businesses
  5. Forms and legal framework of business organisation
  6. Regulatory status and environmental factors of business
  7. Government policies and support for MSMEs
  8. Institutions promoting MSMEs in Nigeria
  9. Business strategy and business plan
  10. Components of a business plan
  11. Financial analysis and planning for small business
  12. Financing sources for small businesses
  13. Specialised institutions and SME finance
  14. Borrowing, cost of funds and approaching lenders

A sample from this course

One topic, as StudyPath teaches it.

Nature and scope of MSMEs

MSMEs are small, medium and micro enterprises that play a pivotal role in economic growth, employment creation and poverty alleviation. Mastering their nature—size, ownership, and operational characteristics—and scope—regional, national and global impact—enables students to assess policy, financing and management strategies in the Nigerian context.

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