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WAEC Marketing 2017 Question 35

Question 35

Marketing Finance

The source of finance available to a young school leaver who wants to start a small retail outlet is

  1. A.bank overdraft.
  2. B.equipment leasing.
  3. C.debenture shares.
  4. D.personal savings.
Show the answer and explanation

Answer: D (personal savings.)

Explanation

A school leaver has no business record for loans and cannot issue debentures, so personal savings are the realistic source.