Persistent Price Increase of Goods in Enugu State: Postgraduate Students of Business Education Perspective

Abstract

The main aim of the study was to determine the persistent price increase of goods in Enugu State: postgraduate students of business education perspective. The study contains three specific purposes. Also, the study was guided by three research questions and three hypotheses. The study adopted descriptive survey research design. The population of the study was 68 postgraduate students of Business Education with registration number ranging from 2019-2022. The sample size for the study was 58 which were obtained using Taro Yamane. The sampling technique used was convenient sampling technique. Producer Wholesaler Retailer Responsible Factors Questionnaire (PWRRFQ) was used as the study instrument. Face validation was done by three experts in the field of business education and measurement and evaluation. The internal consistent of the instrument was determined through the use of Cronbach Alpha and the results of 0.88 which shows that the instrument was highly reliable. Mean and standard deviation were used in analyzing the research questions while t-test statistic was used in analyzing the hypotheses that guided the study. The finding of the study shows that the Producers, the Wholesaler and Retailers are all responsible factors for the persistent increase in the prices of goods in Enugu State. The study recommended that government should subsidize fuel for businesses since all the three factors that were responsible for the persistent increases in the prices of goods lay causes on transportation cost of moving the goods. Finally, conclusion was drawn.