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Thursday, 30 April 2026
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One reason why small scale businesses are very common in West Africa is that

One reason why small scale businesses are very common in West Africa is that
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A They can easily float shares
  • B Their management boards are easily formed
  • C Their initial capital is easy to rise
  • D Their dividened payments are very regular
Correct Answer: Option C
Explanation:
Because they require minimal capital for start up. Most small businesses rely on loans and grants from family and friends, personal savings and plough back profit as their initial start up capital.

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