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WAEC Marketing 2025 Question 26

Question 26

Marketing Finance

Funds sourced by a baker from previous year's profit for expansion is

  1. A.personal savings.
  2. B.bank loan.
  3. C.bank overdraft.
  4. D.retained earning.
Show the answer and explanation

Answer: D (retained earning.)

Explanation

Profit kept in the business and reinvested is retained earnings (ploughed-back profit).