Analysis of Production Costs and Business Efficiency of Processed Agro-Industrial Products of Milkfish in Woha District, Bima Regency
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 08
Abstract
The purpose of this study is to analyze the production and production costs of the efficiency of agroindustry business processed by MSME milkfish in Woha district, Bima regency, West Nusa Tenggara Province -Indonesia. The research method used was descriptive qualitative and quantitative with respondents of the milkfish processed MSME business as many as 10 business units selected using the purposive sampling method. The results of the research from data processing and data analysis showed that the business of processing milkfish into grilled fish food that is ready to be consumed has greater income when compared to farmers who cultivate milkfish who sell milkfish products directly without processing, besides that the average level of business efficiency is above one (>1), this means that from a business analyst perspective, the MSME business of processed milkfish agroindustry is economically profitable and feasible to work on means that the agro-industry of processing milkfish into grilled milkfish between the selling price of the product and the costs of the production process is said to be efficient. To further improve the milkfish processing agro-industry business, milkfish cultivation farmers should be able to process themselves into ready-to-eat processed foods in the form of grilled milkfish, presto milkfish and so on that can provide added value to production.
Authors and Affiliations
Muaidy Yasin, Suprianto
Keywords
Related Articles
- EP ID EP709311
- DOI 10.47191/jefms/v5-i8-26
- Views 46
- Downloads 0
Manufacturing Sector and Globalization Nexus in Nigeria: An Empirical Study
Globalization is meant to efficiently allocate resources around the world to enable economic growth. Hence, the study took as its objective to examine the relationship between globalization and the Nigerian manufacturing...
The Role of Religiosity as a Moderation Variable on the Impact of Workload and Competence on Teacher Job Satisfaction at the Ukhuwah Islamiyah Foundation Surabaya Indonesia
The aim of this research is to ascertain how religion functions as a moderating factor on the relationship between workload and competence and teacher job satisfaction. This is quantitative research using a likert scale...
The Relationship between Rate of M1 and Inflation- Evidence from a Regression Analysis (1990-2016)
The paper evaluates the relationship between rates of M1 which is generally known as the narrow definition of money in Nigeria, over the period 1990q1 to 2016q2, using Ordinary least square (OLS) technique, and the Corre...
Impact of Ifrs 10 Adoption on Profitability of Listed Deposit Money Banks (Ldmbs) In Nigeria
International Financial Reporting Standard (IFRS) 10 is an amendment of International Accounting Standard (IAS) 27 that deals with Consolidated Financial Statements to account for subsidiaries, in order to institute a un...
The Influence of Strategy Policy and Strategy Planning and Budgeting on the Effectiveness of Lng Tangguh Corporate Social Responsibility for the Welfare of the People of West Papua Mediated by Good Corporate Governance
As we all know, the Land of Papua is one of the areas in Indonesia that has abundant natural resources. But apart from all that, the development of the Papua region actually seems slower than other regions. The provinces...