FACTORS AFFECTING THE GROWTH OF A BUSINESS 2
6. PREDOMINACE OF PRIMARY PRODUCTION : Majority of people in this region are engaged in primary agricultural production which does not favour speedy commercial growth.
7. POOR TRANSPORT AND COMMUNICATION SYSTEM: The region has very poor road network as well as poor communication system. Most of the people have no access to telephone or internet.
8. LOW LEVEL OF EDUCATION AND ILLETERACY: The high rate of illiteracy in this region have also affected the growth of commerce. Most of the people are not educated, they can neither read not write and consequently cannot interact with foreign traders in a business transaction.
9.ABSENCE OF WELL DEVELOPED MARKET: Markets in West Africa are not well developed to accommodate large scale commercial activities.
Requires LoginThis Post has reached maximium comment limit