PROFIT MAXIMIZATION: A STRATEGIC TOOL FOR SURVIVAL OF BUSINESSES IN NIGERIA (A Case Study of Dangote Cement Industry)


PROFIT MAXIMIZATION: A STRATEGIC TOOL FOR SURVIVAL OF BUSINESSES IN NIGERIA (A Case Study of Dangote Cement Industry)

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PROFIT MAXIMIZATION: A STRATEGIC TOOL FOR SURVIVAL OF BUSINESSES IN NIGERIA (A Case Study of Dangote Cement Industry)

ABSTRACT

As we all know the objective of any business venture is to maximize profit. Hence all the decisions with respect to new projects, acquisition of assets, raising capital, distributing dividends e.t.c  are studied for their impact on profits and profitability.

Profit maximization theory is based on profits and profits are a must for the survival of any business. Therefore, this research work focused on the effectiveness of profit maximization on Dangote Cement Plc as a case study.

The data used was gathered with the aid of a questionnaire and Chi-Square

(x2 ) method of data analysis was applied in analyzing the data.

Based on the findings, the research reviewed that profit maximization occurs with efficient and effective use of resources by the employees in an organization. It also brings to the fore an organizations Strengths, Weaknesses, Opportunities and Threats in an attempt to be relevant and meet customer needs.

It was also discovered that cost volume profit analysis is the technique that is being used at Dangote Cement Plc when planning for profit cost. Hence, it is recommended that Business owners and Organizations interested in maximizing profit must review their cost structure regularly, must be diligent in cutting frivolous cost and boost productivity amongst employees. Furthermore, they must ensure that they make adequate provisions for contingency funds to help control risks and external factors that could hinder the progress of the business.  

 

 

 

TABLE OF CONTENTS

     Pages

Title Page                                                                                  i

Certification                                                                             ii

Dedication                                                                                iii

Acknowledgement                                                                     iv

Abstract                                                                                   v

Table of Content                                                                        vi

 

CHAPTER ONE: Introduction

1.0     Background of the Study                                                  1

1.1     Statement of the Problem                                                 2

1.2     Objective of the Study                                                      3

1.3     Research Questions                                                                  4

1.4     Statement of Hypothesis                                                  4

1.5     Significance of the Study                                                 5

1.6     Scope of the Study                                                           6

1.7     Limitation of the Study                                                    6

1.8     Organization of the Study                                                          6

1.9     Historical Background of Dangote Cement Industry          8

1.10   Definition of terms                                                                    9

 

CHAPTER TWO: Literature Review

2.0     Introduction                                                                    13

2.1     Current Literature Review                                                         14

2.2     Meaning of Profit                                                             11

2.3     Types of Profit                                                                 16

2.4     Approaches to Profit Maximization                                   17

2.5     Theory of Profit                                                                18

2.6     Profit Maximization in Business                                       24

2.7     Limitation of Profit Maximization as an Objective in Business25

2.8     Importance of Profit                                                                   27

2.9     Justification of Maximization in Business                        28

 

CHAPTER THREE

3.0     Introduction                                                                    31

3.1     Restatement of research Questions and Hypothesis          32

3.2     Research Design                                                             32

3.3     Characteristics of Study Population                                 33

3.4     Sampling Design and Population                                               33

3.5     Source of Data                                                                35

3.6     Method of Data Collection                                                         35

3.7     Administration of Data Collection Schedule                      36

3.8     Procedure for Processing Data                                          36

3.9     Statistical Method                                                           37

3.10   Justification of Statistical Tool                                         37

3.11   Limitation of Methodology                                                          38

 

CHAPTER FOUR: Data Presentation Analysis and Interpretation

4.0     Introduction                                                                    39

4.1     Presentation of Respondents Bio-Data                              40

4.2     Presentation of Research Questions                                 43

4.3     Test of Hypothesis                                                           49

4.3.1  Statement of Hypothesis 1                                                         49

4.3.2  Statement of Hypothesis 2                                                         52

 

CHAPTER FIVE: Summary, Conclusion And Recommendation

5.0     Introduction                                                                    55

5.1     Summary                                                                        55

5.2     Conclusion                                                                     56

5.3     Recommendation                                                           57

Bibliography                                                                  59

Questionnaire                                                                61

PROFIT MAXIMIZATION: A STRATEGIC TOOL FOR SURVIVAL OF BUSINESSES IN NIGERIA (A Case Study of Dangote Cement Industry)

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It was also discovered that cost volume profit analysis is the technique that is being used at Dangote Cement Plc when planning for profit cost. Hence, it is recommended that Business owners and Organizations interested in maximizing profit must review their cost structure regularly, must be diligent in cutting frivolous cost and boost productivity amongst employees. Furthermore, they must ensure that they make adequate provisions for contingency funds to help control risks and external factors that could hinder the progress of the business. .. business administration project topics

PROFIT MAXIMIZATION: A STRATEGIC TOOL FOR SURVIVAL OF BUSINESSES IN NIGERIA (A Case Study of Dangote Cement Industry)

Project Information

  • CATEGORY : BUSINESS ADMINISTRATION
  • TYPE : PROJECT MATERIAL
  • FORMAT : MICROSOFT WORD
  • ATTRIBUTE : Documentation Only
  • PAGES : 68 Pages
  • CHAPTERS : 1 - 5
  • PRICE : ₦ 3,000.00

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