Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise
Nwazuo Ngozi Ihechiluru,
Keke Ibeawuchi Romanus,
Egbo Ikechukwu,
Egeruoh Amarachi Stella
Issue:
Volume 4, Issue 3, June 2016
Pages:
21-26
Received:
10 May 2016
Accepted:
25 May 2016
Published:
13 July 2016
Abstract: Descriptive statistics, content analysis and cost, return and profit functions where used to analyze the profitability of the artisanal fish smoking enterprise using fish directly captured from Oguta lake, Nigeria. Fresh fish was purchased from both fishermen and retailers and smoking was done in a completely local way to mimic the exact experience of the fish generally sold in the market. Results revealed that the most revenue is obtained when fresh fish purchased from wholesaler/ fishermen, are smoke dried and sold at urban market as it is estimated that 46.54% profit is made from fish purchased from wholesalers, processed and sold in the rural market and 88.22% profit made from fish purchased from wholesalers, processed and sold in the urban market while 5.01% and 26.45% profit is made from the sale of fish purchased from retailers, processed and sold in the rural and urban markets respectively. In general, there is profit in the fish smoking enterprise thus, a very good business to embark upon.
Abstract: Descriptive statistics, content analysis and cost, return and profit functions where used to analyze the profitability of the artisanal fish smoking enterprise using fish directly captured from Oguta lake, Nigeria. Fresh fish was purchased from both fishermen and retailers and smoking was done in a completely local way to mimic the exact experience...
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