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Factors considered when setting up a retail business is one of the following

Factors considered when setting up a retail business is one of the following
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Capital, experience and trading
  • B Experience, term of trade and trading
  • C Capital, trading and term of trade
  • D Capital, type of goods and source of supply
Correct Answer: Option D
Explanation:
Important factors considered when setting up a retail business include the amount of capital available, the type of goods to be sold and the source of supply. Other factors include location, experience, pricing policy, terms of trade and advertising.

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