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Determinants Of Small To Medium Enterprises (smes) Performance In The Zimbabwean Informal Metal Fabrication Industry: Evidence From Firm Level Data
Small to medium enterprises (SMEs) are an essential part of the economic fabric in developing countries and they play a vital role in furthering growth, innovation and prosperity. In developing countries, SMEs are praised for their role in creating employment, making new products and services available to consumers, contribution to GDP and in serving as an entrepreneurial seedbed. This paper examines factors influencing the performance of SMEs in the Zimbabwean informal metal manufacturing industry. Using a multiple regression analysis, it is apparent that firm age, experience in trade, type of metal products produced, price determination method, grading of products contracting with business
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