Which of the following is not a peculiar problem faced by Nigerian entrepreneurs?Question 2Answera.Infrastructural Problemsb.Inadequate Raw materialsc.Low standard of Business Ethics and Political Instabilityd.Financial Problems
Question
Which of the following is not a peculiar problem faced by Nigerian entrepreneurs?Question 2Answera.Infrastructural Problemsb.Inadequate Raw materialsc.Low standard of Business Ethics and Political Instabilityd.Financial Problems
Solution
The question asks which of the following is NOT a peculiar problem faced by Nigerian entrepreneurs. The options are:
a. Infrastructural Problems b. Inadequate Raw materials c. Low standard of Business Ethics and Political Instability d. Financial Problems
All of the options listed are common problems faced by entrepreneurs in Nigeria. However, the question asks for the option that is NOT a peculiar problem.
The term "peculiar" means unique or characteristic of only one group, place, or thing. In this context, it refers to problems that are unique or particularly characteristic of Nigerian entrepreneurs.
a. Infrastructural Problems - This is a common problem in Nigeria where entrepreneurs face issues such as poor road networks, inadequate power supply, etc.
b. Inadequate Raw materials - This is also a common problem in Nigeria where entrepreneurs may have difficulty sourcing the necessary raw materials for their businesses.
c. Low standard of Business Ethics and Political Instability - This could be seen as a peculiar problem in Nigeria where there may be issues with corruption and political instability affecting businesses.
d. Financial Problems - This is a common problem faced by entrepreneurs all over the world, not just in Nigeria. Entrepreneurs often struggle with securing the necessary funding to start or grow their businesses.
Therefore, the answer is d. Financial Problems, as this is a common problem faced by entrepreneurs globally and not peculiar to Nigerian entrepreneurs.
Similar Questions
Which one of the following is a challenge faced by entrepreneurs in your country.Question 18Answera.Lack of employmentb.Supportive government policiesc.Unregulated competitiond.Low interest rates
What are some of the common challenges faced by entrepreneurs in the chosen country? Question 1Answer a. access to international markets b. poor quality infrastructure c. lack of government subsidies d. low levels of demand
Which of the following is a necessary condition for entrepreneurial success in the chosen country?Question 8Answera.high levels of corruption.b.political instability.c.access to venture capital.d.low levels of education
Nigerian income depends on.......imposed on individuals, businesses and corporate bodiesQuestion 5Answera.incidence of economyb.incidence of taxc.incidence of debtd.incidence of borrowing
Which of the following is an uncommon challenge for entrepreneurs?Question 9Answera.lack of fundingb.competition from established businessesc.difficulties in finding qualified employeesd.the need to work long hours
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.