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 – capital, type of goods and source of supply
Explanation
Capital is one of the major factor that determines the form and size of a business and must be considered when starting a retail business.
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 determines what the product is.
