The main advantage of a sole trader is the freedom to

Assessment: JAMB UTME - Commerce - 1995 Subject: Commerce

Question 1 Report

The main advantage of a sole trader is the freedom to
Answer Details
A sole trader is a business owner who operates the business alone without any partners. The main advantage of a sole trader is the freedom to take quick decisions without having to consult with anyone else. As the sole owner of the business, he/she has complete control over all aspects of the business, from decision-making to managing finances. This allows the sole trader to make quick and effective decisions, which can be very important in a fast-paced business environment. Additionally, the sole trader can plough all the profits back into the business, which can help the business to grow and expand over time.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning