A person who runs a business on his own account is called a

JAMB Commerce 2024 116 views
Source: JAMB · 2024

A person who runs a business on his own account is called a

  1. customer
  2. director
  3. partner
  4. sole trader ✓
Explanation

A sole trader owns a business alone. They keep all profits but also bear all risks.

Partners share a business. Directors manage companies. Customers buy products.

Sole trading is the simplest form of business organization.

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