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WAEC Economics 2009 Question 9

Question 9

Business Organisations

The main objective of setting up a private business organization is to

  1. A.protect the interest of the owners
  2. B.promote exports
  3. C.provide infrastructure
  4. D.maximize profits.
Show the answer and explanation

Answer: D (maximize profits.)

Explanation

Private businesses are set up mainly to make as much profit as possible.