Factors considered when setting up a retail business is one of the following
COMMERCE
JAMB 2023
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: D. capital, type of goods and source of supply
Explanation
The factors are: capital, pricing policy, source of supply, type of goods, terms of trade, experience, advertising, location of the business.
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