EMPLOYABILITY OF THE MICRO-ECONOMIC TOOLS AND TECHNIQUES IN ENHANCING THE EFFICACY OF FINANCIAL MANAGEMENT PRACTICES

Tejas Vaid

Vol. 7, Jan-Jun 2019

Abstract:

This examination expects to take a gander at the budgetary administration practices of two gatherings of miniature business people; sahabats of AIM and asnafs business people from PPUAZ. Embracing a blended technique approach, this examination consolidates both quantitative (studies) and subjective (interviews) approaches. The studies were directed first to give the general and foundation data of the miniature endeavours and their budgetary administration rehearses. Receiving the purposive testing technique, tests were picked dependent on the members' ability to partake in the investigation. In any case, to guarantee that the inquiries were replied by the focused on respondents, members were asked on whether they were effectively associated with maintaining a business before addressing the review questions. At that point, the discoveries from the survey are confirmed in the meeting meetings with the chose miniature business visionaries. Information from the reviews and meetings were investigated, and it was discovered that even though asnafs are "without given cash" from the PPUAZ, they, for the most part, have better money related administration rehearses when contrasted with the sahabats. This examination likewise found that a more significant part of the miniature business visionaries scores low on the budgetary administration factors. This proposes the miniature business people, all in all, are not rehearsing a proper record keeping. As money related administration is fundamental for a wide range of enterprise including miniature, it is a worry as 21% of the miniature business people in this investigation are not recording anything from their business exercises

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