One reason why small scale businesses are very common in West Africa is that

  • 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
waec 2012economics

The correct answer is C. their initial capital is easy to rise

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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