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WAEC Marketing 2023 Question 35

Question 35

Entrepreneurship

Use the following information to answer questions 35 and 36.
Muyi sets up a poultry business at the outskirts of Oshogbo upon retirement from the civil service.
Muyi is regarded as

  1. A.a broker
  2. B.a retailer
  3. C.an agent
  4. D.an entrepreneur
Show the answer and explanation

Answer: D (an entrepreneur)

Explanation

Muyi started his own business and bears its risk, so he is an entrepreneur.