Page 76 - IMDR MSME BOOK 2021

Managing Finance in Micro, Small & Medium Enterprises

P value is less than 0.05 which makes us reject the null
hypothesis and concludes that there is a signicant
difference among groups of respondents. Hence it is
concluded that there is signicant difference among
groups of respondents to the hypothesis that the
majority of MSMEs do not monitor their nancial health
parameters monthly. According to accounting practice
the company needs to monitor the nancial performance
periodically, therefore quarterly, half yearly and annual
review must be done to assess the nancial position of
the company.

H02 – There is no signicant difference among various
groups of respondents and adoption of sales
maximization as pricing strategy.