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JAMB Commerce 2009 Question 25

Question 25

Business Units

One of the major problems of a sole proprietor is sourcing for

  1. A.raw materials
  2. B.labour
  3. C.machineries
  4. D.funds
Show the answer and explanation

Answer: D (funds)

Explanation

A sole trader relies on his own savings and small loans, so lack of capital is his main problem.