What form of business enterprise would you recommend for a tailor? Give reasons for your answer.
Explanation
The sole proprietorship or the one man business would be recommended for -a tailor. This is because:
(i) It is easy to set up.
(ii)The capital required is not large for that type of business.
(iii)The tailor can easily manage the operation
without expert management from outside.
(iv) Tailors serve fragmented markets in West Africa and as such, a large operation would therefore, not be necessary
(v) Tailors need to be very familiar with their customers. The sole proprietorship is particularly suited for this.
(vi) The sole proprietorship can easily handle changing fashion and taste which the tailor's job entails.