WAEC - Economics (2013 - No. 38)
The following are advantages of sole proprietorship except
quick and easy decision-making
keeping its business affairs private
assurance of raising huge capital for expansion
high level of commitment
Spiegazione
A sole proprietorship business does not have an assurance of raising huge capital for expansion, as a matter of fact, they rely on grants and loans from friends and family, plough back profit and personal savings for expansion.