Table 5 carries respondents‟ opinon on how much time SMEs spent on PEST analysis as a condition needed to
chose their growth stategy. The highest response rate being 29.60% implies that majority of SMEs operators do
not give reasonable consideration to PEST analysis before adopting tehir growth strategy. The corresponding
hypothesis was that “there is no significant relationship between risk benefit ofPEST and SMEs growth strategies.
The result of the test is contained on Table 6 below