Use the following information to answer this question Muyi sets up a poultry business at...
MARKETING
WAEC 2023
Use the following information to answer this question
Muyi sets up a poultry business at the outskirts of Oshogbo upon retirement from the civil service.
Muyi is regarded as
- A. a broker
- B. a retailer
- C. an entrepreneur
- D. an agent
Correct Answer: C. an entrepreneur
Explanation
Based on the information provided, Muyi, who sets up a poultry business upon retirement from the civil service, can be considered an entrepreneur. An entrepreneur is an individual who takes the initiative to start and operate a new business venture, assuming the associated risks and rewards. Muyi's decision to start a poultry business demonstrates his entrepreneurial spirit and willingness to invest his time and resources in a new venture.
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