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:

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.