| dc.contributor.author | Ntabathia, Dennis Murega | |
| dc.date.accessioned | 2024-05-03T08:29:55Z | |
| dc.date.available | 2024-05-03T08:29:55Z | |
| dc.date.issued | 2019 | |
| dc.identifier.citation | A Thesis submitted in partial fulfillment of the requirement for the conferment of Master`s Degree of Business Administration of Meru University of Science and Technology | en_US |
| dc.identifier.uri | http://repository.must.ac.ke/handle/123456789/1080 | |
| dc.description.abstract | SMEs plays important role in all sectors of the economies worldwide. They act as stimulus to
economic development and generation of employment. The study investigated Fast- Moving
Consumer Goods (FMCG) enterprises in Isiolo County to find out the best working and capital
practices that were in use, with a view of identifying capital management gaps proposing the best
practices to be adopted to increase profitability. The objectives of the study were: to determine
whether inventory management practices affect profitability of FMCG enterprises; to evaluate
whether accounts receivable management affect profitability of FMCG enterprises; to investigate
whether cash management affect profitability of FMCG enterprises in Isiolo County, and to
establish whether accounts payable management affect profitability of FMCG enterprises in Isiolo
County. The target population was sixty-three (63) FMCG enterprises operating in Isiolo County,
which were represented by respective owners or appointed employees. The study adopted census
technique, hence selecting all 63 FMCG enterprises licensed by Isiolo County Government as the
sample population. A structured questionnaire was administered on the sample population and data
was collected during working hours. Data was analysed with the help of Statistical package for
Social Sciences (SPSS). Hypothesis testing was conducted using Analysis of Variance (ANOVA)
while relationships between variables were established using Multiple Regression. Findings were
presented and discussed using frequency tables. The key findings of the study were: inventory
management has significant effect on profitability of FMCG enterprises; accounts receivable
management has no significant effect on profitability of FMCG enterprises; cash management has
no significant effect on profitability of FMCG enterprises, and accounts payable management has
no significant effect on profitability of FMCG enterprises. The study recommended that FMCG
enterprises in Isiolo County need to review and refine their inventory management practices,
preferably by adopting technology. Secondly, FMCG enterprises must assess their current
accounts receivable management systems by improving screening of prospective. Thirdly, cash
management systems for FMCG enterprises must be reviewed and improved to increase business
profitability. Lastly, FMCG enterprises should honor their dues to suppliers in time to enjoy more
such benefits | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Meru University of Science and Technology | en_US |
| dc.subject | Capital Management | en_US |
| dc.subject | Small and Medium Enterprises | en_US |
| dc.title | Working capital management practices and profitability of small and medium enterprises in Kenya: Case fast-moving consumer goods enterprises in Isiolo County | en_US |
| dc.type | Thesis | en_US |
