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MOSHOOD ABIOLA POLYTECHNIC

P.M.B 2210 ABEOKUTA, OGUN STATE.


CENTER FOR ENTREPRENEURSHIP DEVELOPMENT (MAPCED)
SCHOOL OF BUSINESS AND MANAGEMENT STUDIES
COURSE TITLE: ENTRENEURSHIP
COURSE CODE: EED 413
DEPARTMENT: ACCOUNTANCY FULL TIME (HND II)

PRACTICAL BUSINESS PROJECT REPORT


ON
PRODUCTION OF SCARF

BY

CHOSEN CONCEPT

S/NNAMES MATRIC NO
ODUNAYO OLUWAKEMI ELIZABETH 1

AKINNIYI KEHINDE MARY 12/01/0149

AKINTOLA FELICIA ABOSEDE 12/01/015

SODEINDE MAYOKUN HANNAH12/01/07

KEHINDE SHALOM MODUPE12/03/ 0261

Submitted to MAPCED in partial fulfillment of the requirement of the successful completion of course in
EED 413

Mrs. Alim
Name of facilitator ...

Project Grade ...

Mrs. Alim
Name of facilitator ...............

Date ...................

MAPCED / Coord (TEC) comment ...


BUSINESS TEAM NAME

The name of our group is Chosen Concept

IDENTIFICATION / DESCIPTION OF PRODUCTS / SERVICES RENDERED

It is evident that ladies hold beauty in high regard and this makes them our targeted market which brought about

the production of scarf to satisfy their needs.

DESCRIPTION OF THE PRODUCTIVE / SERVICES MARKET

The product is a beautifying ladies head scarf which is available fore all categories of ladies,

For the production of the product, we make use of different colorful stuff material which was measured and cut

into size. It was whipped in order to prevent loosing out and also to make the product neat.

A yard of stuff material measures 36 42, a size of 6 by 42 was measured, cut, whipped and packaged for sales

from a yard of six pieces.

COMPETITORS

The product had so many other products which serves as competitors. They include hats, berets, head band and

face cap. These entire products could not serve some needs which this particular product can, part of which include

creativity, lightness, uniqueness of color.

PRODUCT REQUIREMENT

Stuff material
Wiping machine
Sewing thread
Tape rule
Wiping machine needles
Scissors

COMMERCIAL JUSTIFICATION FOR THE EXPLOITATION OF MARKET OPPORTUNITIES

We can justify that with the high rate of our product demand the business can continue operation in the market.

PRODUCTION PROCESS

The product has gone through the following processes;

i. Measuring and cutting: the stuff material which measured 36 by 42 was cut into a size of 6 by 42

with a tapes rule and scissor


ii. Wiping: the stuff material was wiped in order to present a neat product and avoid loosing out which

will discourage customers from purchasing the product.

MARKETING AND SALES STRATEGY

Our targeted market was the ladies in our surroundings and beyond. Each of the members were assigned with

different duties and responsibilities which are as follows;

S/N NAMES MATRIC NO RESPONSIBILITIES

1. ODUNAYO ELIZABETH OLUWAKEMI 12/ 01 / 0019 MANAGING DIRECTOR

2. AKINNIYI KEHINDE MARY 12 / 01/ 0149 SALES MANAGER

3. AKINTOLA FELICIA ABOSEDE 12 / 01 / 0150 PRODUCTION MANAGER

4. KEHINDE MODUPE YETUNDE 12 / 03 / 0261 FINANCIAL MANAGER

5. SODEINDE MAYOKUN HANNAH 12 / 01 / 0780 MARKETING MANAGER

SALES FORECAST

Our dream for this product was to reach a wide range that was why we went to produce not for the benefit of

student alone but for ladies of all categories in our surroundings and beyond.

CAPITAL SOURCING

The capital was contributed equally among the group members

SALES AND REVENUE FIGURE

Batch Quantity Unit cost Total cost Selling price Total revenue Profit
(N) (N ) (N) (N) (N )
1. 300 100 30,000 130 39,000 9,000

2. 400 100 40,000 130 52,000 12,000

3. 500 100 50,000 130 66,000 15,000

PROFIT AND LOSS ACCOUNT

Gross profit 36,000


Less expenses;
Miscellaneous ( 6000 )
Profit 30000_

SCHEDULE SHOWING THE LIST OF SOURCES OF CAPITAL INVESTED


S/N NAMES MATRIC NO AMOUNT (N) SIGNATURE
1. ODUNAYO ELIZABETH OLUWAKEMI 12/ 01 / 0019 6,000
2. AKINNIYI KEHINDE MARY 12 / 01/ 0149 6,000
3. AKINTOLA FELICIA ABOSEDE 12 / 01 / 0150 6,000
4. KEHINDE MODUPE YETUNDE 12 / 03 / 0261 6,000
5. SODEINDE MAYOKUN HANNAH 12 / 01 / 0780 6,000

SCHEDULE SHOWING THE REFUND OF CAPITAL INVESTED

S/N NAMES MATRIC NO AMOUNT (N) SIGNATURE


1. ODUNAYO ELIZABETH OLUWAKEMI 12/ 01 / 0019 6,000
2. AKINNIYI KEHINDE MARY 12 / 01/ 0149 6,000
3. AKINTOLA FELICIA ABOSEDE 12 / 01 / 0150 6,000
4. KEHINDE MODUPE YETUNDE 12 / 03 / 0261 6,000
5. SODEINDE MAYOKUN HANNAH 12 / 01 / 0780 6,000

SCHEDULE OF THE DISTRIBUTION OF PROFIT

S/N NAMES AMOUNT (N) SIGNATURE


1. ODUNAYO ELIZABETH OLUWAKEMI 4,200
2. AKINNIYI KEHINDE MARY 4,200
3. AKINTOLA FELICIA ABOSEDE 4,200
4. KEHINDE MODUPE YETUNDE 4,200
5. SODEINDE MAYOKUN HANNAH 4,200

30% of N30, 000 = N9, 000

70% of N30, 000 = N21, 000

S/N NAMES SIGNATURE


1. ODUNAYO ELIZABETH OLUWAKEMI
2. AKINNIYI KEHINDE MARY
3. AKINTOLA FELICIA ABOSEDE
4. KEHINDE MODUPE YETUNDE
5. SODEINDE MAYOKUN HANNAH

S/N NAMES SIGNATURE


1. ODUNAYO ELIZABETH OLUWAKEMI
2. AKINNIYI KEHINDE MARY
3. AKINTOLA FELICIA ABOSEDE
4. KEHINDE MODUPE YETUNDE
5. SODEINDE MAYOKUN HANNAH

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