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CHAPTER ONE | |||||
INTRODUCTION
BACKGROUND
OF THE STUDY
Public
Limited Liability Company is sometimes refers to as joint stock company. This
business concern is usually owned by individuals of organizations pooling
resources together with the aims of maximizing profit. It is also worthy to note
that the sales of shares to the public makes it a public limited company.
Ownership
is usually not less than seven person public companies are forms when the
capital required is so large that it cannot be raised solely through one
individual. A public company has its shares quoted on the stock exchange for
members of the public to invest in, and at the end of every financial years the
public limited liability company publishes its financial statement for public
consumption.
As
stated earlier the aim of any business organization is to maximize profit, and
in order to maximize this profit these companies are located in place having
the most favourable economic condition. Location of companies or industries
simply means the place where industries are sited or location of companies or
industries are concentrated in one geographic location and this can be as a
result of political factors or personal interest. Such companies are the
textile factory, bear and soft drink companies.
In the
private sector, the individual decision of location of industry is generally
determined by profit maximization. But in the pubic sectors the government may
locate a new plant in an area of high unemployment for political or social
reasons. The location of industries in Nigeria has bought about greater
achievement to the populate in the sense that it was helped so facilitate a lot
of other subsidiary industries, created employment opportunities which has
bought about increase in the per capital income and output of the country,
which in actual sense is termed economic growth. Similarly industrial location
exercises a lot of influence on the economic viability of a country.
For the
objective of any industry to be achieved the industry or company must be
favorable located.
1.2
STATEMENT OF PROBLEM
the
researcher bought to find out the major factors influencing the location of
Guinness Nigeria plc as we’ll as it problem
1.3
OBJECTIVE OF THE STUDY
The
objective of this study includes to examine the concept of public limited
companies. To examine the factors militating against public limited companies.
To proffer solution to the problems identified.
1.4 SCOPE
OF THE STUDY
The
scope of this study is to investigate into the factors militating against
public limited companies hardly survive or even lend to fold up as soon as they
state, due to some oblivious reason, hence the significance of this study.
Secondly
the essence of this industrialist and the government to always put certain
factors into consideration when sitting or locating an industry or company.
1.5
LIMITATION OF STUDY
The
study will be carrying out among some selected companies in Edo state. The
population in which this researcher’s work will be carried out will be small
because of financial contrail.
1.6
DEFINITION OF TERMS
Public
limited companies: This is government owner enterprise, it is an asset for the
whole nation companies is a business organization that makes money by producing
or selling good or services.
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Friday 25 October 2013
FACTORS MILITATING AGAINST PUBLIC LIMITED COMPANIES: A CASE STUDY OF SOME SELECTED COMPANIES
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