Question 35
Retail TradeSmall scale retail attracts a lot of new entrepreneurs in West Africa because
- A.many people have had good training in retail trade
- B.it is easy to succeed with the business
- C.banks are always ready to lend to retailers
- D.only a small amount of capital is needed to start the business
- E.government exempts retailers from paying tax
Show the answer and explanation
Answer: D (only a small amount of capital is needed to start the business)
Explanation
Small-scale retailing needs little capital, so it is easy to enter.