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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
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Correct Answer: Option D
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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