ESTIMATING THE RELATIONSHIP BETWEEN FINNISH SPENDING BEHAVIOUR AND INCOME IN COMPARISON TO NIGERIA. A RESEARCH PROJECT TOPIC ON BUSINESS MANAGEMENT
ABSTRACT
The need for business firms to expand business networks beyond the sores of its country en-tails taking strategic business decisions which could make or mar the business ideas or put the survival of the business in jeopardy if not properly planned. Hence, it is paramount to have in-depth knowledge of the economy that the firm intends to invest into. This is an empirical research work, designed to act as a planning tool for investors who intend investing into both Finnish and Nigerian market as it bring to fore major areas where residence of both countries spend their income earnings by estimating the relationship between the income and expendi-tures.
The essence of establishing the relationship is to know the various sources of expenditure of residence of Finland, which of these expense lines gulp more of their income, with a slight increase in income which expenditure line(s) are they likely to spend it on, are there rooms for the new entrants into the market where residence of Finland spend large portion of their income and so on. This thesis will also present this fact in comparison with other countries like Nigeria. The essence of the comparison is to understand what is obtainable in other coun-tries and what opportunities, if any; that maybe taken advantage of.
In order to meet up with this task; the thesis employed the use of empirical research tech-nique to obtain relevant information through the designing of a research questionnaire which were distributed among the residence of both countries. This is to give an idea into areas of the economy where income earned is being channeled to or expended on. The choice of resi-dence of both countries is based on the fact that, all classes of residence has got an income level to spend per week irrespective of the amount.
