Which of the following is an advantage of a sole trader?

Assessment: WAEC SSCE - Commerce - 2013 (Objective) Subject: Commerce

Question 1 Report

Which of the following is an advantage of a sole trader?

Answer Details
One advantage of being a sole trader is "quick decision-making." As the sole owner and operator of the business, the sole trader has complete control over all aspects of the business, including decision-making. This means that they can make decisions quickly without having to consult with other partners or shareholders, which can help the business to be more agile and responsive to changes in the market. In other words, "Quick decision-making" is the correct answer.
Read lesson note on Occupation (JAMB)
Read lesson note on Trade (JAMB)
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