Factors considered when setting up a retail business is one of the following _________
Answer Details
The term you are referring to is "capital, type of goods, and source of supply."
When setting up a retail business, these three factors are some of the most important considerations.
Capital refers to the financial resources or funds available to start and run the business. It is important to have enough capital to cover the costs of setting up the business, purchasing inventory, and operating expenses until the business becomes profitable.
The type of goods the business will sell is also important to consider. This includes deciding on the product line, target market, and competition.
Finally, the source of supply is an important factor to consider. A retail business needs a steady and reliable source of products to sell, and it is important to establish relationships with suppliers who can provide the right products at the right price and quality.
By carefully considering these factors, a retail business can increase its chances of success and sustainability.