Factors considered when setting up a retail business is one …

JAMB Commerce 2023 222 views
Source: JAMB · 2023

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

  1. capital, experience and trading
  2. experience, term of trade and trading
  3. capital, trading and term of trade
  4. capital, type of goods and source of supply ✓
Explanation

Before opening a shop, you must think about how much capital you have, what type of goods to sell and your source of supply. Without a supplier, you cannot stock the shop.

Other options include things that are not real planning factors, like ‘trading’.

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