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JAMB Commerce 1994 Question 14

Question 14

Business Units

Sole enterprise may flourish best in

  1. A.a mining business
  2. B.a retailing business
  3. C.an oil exploration business
  4. D.a car assembly business.
Show the answer and explanation

Answer: B (a retailing business)

Explanation

Retailing needs little capital and personal attention to customers, which suits a sole trader. The others need huge capital.