The impact of high world oil prices to small and medium enterprise exporters / Fairus Mohamad Yazid

Nowadays the increasing price of oil is very high compared to the previous price. This issue will have a significant impact to our daily life such as increasing cost of petrol and the increasing of world oil price also give an impact to the business in all over the world.

This research will find out the impact of high world oil price to small and medium enterprise exporters especially in Malaysia. There are many factors that influence the increasing of world oil price such as war, demand and supply and many more. These factors will reduce the supply of oil from the supplier such as from Iraq, Iran and many other suppliers.

In this study, the researcher focuses on the production, productivity and competitiveness of small and medium enterprise exporters. This is because these three (3) variables have a significant impact due to the increasing of world oil price. The researcher will find out what is the strategy used by the small and medium enterprise exporters in order to overcome issue of increasing of world price to the business. The result of this study shows the impact of high oil price to the small and medium enterprise and also the strategy used by small and medium enterprise in order to overcome the issue of high world prices.