Factors considered when setting up a retail business is one …

JAMB Commerce 2023 62 views

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

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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