Before we delve into this issue, let us look from the realistic point of view, the concept of profitability. It can be seen as that concept which provides management with alternative course of action according to the various degree of profitability, stating dearly in relevant cost accounting form the costs and benefits associated with individual projects which enables management to select the most profitable. Majority of the policy decision of manufacturing industries are generally directed towards profitability. Policy decision made under this concept ha direct effect on increasing and enhancing the general profitability of the manufacturing industry concerned.
Unfortunately, this laudable guide has been relegated to supportive role in some manufacturing industries because of certain factors militating against it. Such factors have in most cases affected the profit position of industries and in extreme cases to huge losses, which sometimes drag such companies involved to unexpected liquidation.
Hence, this project work tried to know those factors affecting the concept and respective effects on the profit position of the selected industries.
In view of covering the three dimensional focus of the research, the project focused on three major areas:
(1) The exogenous factors affecting the concept of profitability.
(2) The endogenous factors affecting the concept of profitability.
(3) Political factors affecting the concept of profitability. These three areas combined to give a broader view of the factors militating against the concept of profitability.
TABLE OF CONTENTS​
CHAPTER ONE
Introduction 1
1.1 background of study 3
1.2 Statement of study 5
1.3 Purpose of study 6
1.4 Research question 7
1.5 Scope and limitation of study 8
1.6 Definition of terms 9
CHAPTER TWO
Literature Review 12
2.1 Cost 12
2.2 Costing Method 24
2.3 Management Problems 37
2.4 Social factors 41
2.5 Ecological factors 44
2.6 Government Influences / Political factors 46
2.7 Technological factors 47
2.8 Roles required of Oshimili South Local
Government Area Authority 48
2.9 Roles required of both the state and federal Government 49
CHAPTER THREE
Research Decision and Methodology 51
3.1 Data collection and Analysis 51
3.2 Techniques of method of Data Collection 51
3.3 Primary Sources 53
3.4 Secondary Sources 54
3.5 Description of Sample 55
CHAPTER FOUR
Data Presentation and Analysis 57
4.1 Presentation of Data 57
4.2 Interpretation of Data 62
CHAPTER FIVE
Summary of Findings, Recommendation & Conclusion 64
5.1 Discussion of Findings 64
5.2 Conclusion 66
5.3 Recommendation 67
Bibliography 73
CHAPTER ONE
INTRODUCTION
The concept of profitability can be defined as that concept which provides management with alternative courses of action according to the various degrees of profitability, stating clearly in relevant cost accounting forms, the costs and benefits associated with individuals projects which enable management to select the most profitable.
It is obvious that majority of the policy d
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