Post Utme Elizade University 2017 Commerce Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2017 Commerce Objective / Multiple Choice
Question 26 POST_UTME_ELIZADE_UNIVERSITY • 2017 • COMMERCE • objective

A sole trader's business is affected by the following factors: market conditions, government policies, and technological advancements. Analyze how these factors impact the business and recommend strategies for the sole trader to adapt to these changes.

Answer Options

A. Increase investment in research and development to stay competitive
Correct Answer B. Diversify the business to reduce dependence on a single market
C. Focus on cost-cutting measures to maintain profitability
D. Abandon the business and start a new venture
Correct Answer
B
Correct Option:
Diversify the business to reduce dependence on a single market

About This Question

This is Post Utme Elizade University 2017 Commerce Question 26. It is one of the objective questions from the 2017 Post Utme Elizade University Commerce examination.

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