Question 20
Business OrganisationsWhich of the following is necessary for the survival of small firms in West Africa?
- A.Access to land for development
- B.Inadequate collaterals for bank loans
- C.Government assistance in the form of loans and tax holidays
- D.High transportation costs
Show the answer and explanation
Answer: C (Government assistance in the form of loans and tax holidays)
Explanation
Small firms lack capital, so government loans and tax relief help them survive.