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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:
Capital, type of goods and source of supply are important factors when setting up a retail business. Capital determines the funds available for starting and operating the business, the type of goods determines what will be sold, and the source of supply determines where the retailer will obtain the goods.

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