Factors considered when setting up a retail business is one of the following
- 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 is one of the major factors that determine the form and size of a business and must be considered when starting a retail business.
The Source of supply has to do with where and how to get the goods to be sold, either from the wholesaler or manufacturer.
Types of goods determine what the product is.