When Jamel lost his job in a fruit and vegetable shop that closed down, he decided to open his own store .He had good contacts with suppliers .They said they would give him one months credit before he paid for supplies .Jameel had $500 in saving to invest in the shop..He thought this would be sufficient to start his business .He is an independent man. He never liked taking the managers orders in the food shop.!He wanted to operate his new business as a sole trader. Answer the questions below referring to the given notes. (a) Define a sole trader (2) (b) Identify two other types of a business (2) (c) Outline two benefits of Jameel operating his business as a sole trader(4) (d) Explain two drawbacks to Jameel of operating his business as a sole trader (6)
