WAEC Economics 2002 Question 17

Question 17

Business Organisations

Small firms are important for the development of a country because

  1. A.the prices of their products are usually high.
  2. B.they render personalized services to the consumers.
  3. C.they usually produce goods for the elite.
  4. D.they do not normally provide after sales services.
Show the answer and explanation

Answer: B (they render personalized services to the consumers.)

Explanation

Small firms deal directly with customers and give personal attention to their needs.