FACTORS AFFEVTING TO THE SUCCESS OF SPARE PART IMPORTING BUSINESSES IN GAMPAHA DISTRICT OF SRI LANKA

Abstract

Spare parts are required for every vehicle. Because vehicles are depreciating from the very first day of it use. Automobile spare part businesses are needed when vehicles need to replace its parts if any damage caused. Other than that modifying parts are also required. Spare part importing and retail businesses are the one who fill this requirement. Starting and doing an auto part business is not a simple thing. Knowledge and experience is the key success an auto part importing business. There for the aim of this study is to provide adequate information for the parties who are looking forward to start an auto part importing business. The factors affecting to the success of spare part importing businesses is discussed through this research paper. And analyze what is the relationship between each variables and the relation between those factors and the level of business success. This research is based on the quantitative approach. 148 Spare part importing businesses were selected from Gampaha district as the sample of the study. Random sampling method is used as the sampling method by the researcher. The data were analyzed using descriptive statistics, correlation and multiple regression analysis. As on the descriptive statistics variables that considering the research is high level with the success of the business at the initial stage. All variables have positive correlation with the success of auto part importing businesses. And all factors are significant with the dependent variable expect awareness of paper works is not significant with the success of auto part importing business at the start up.