Q1 of 11 Page 232

What are the different parameters used to measure the size of the business?

There are many parameters which are used to measure the size of the business. A few of them are mentioned below:

a. The number of people employed in the business.


b. Capital invested in the business.


c. The volume of output of the business.


d. Power consumed by the business.


More from this chapter

All 11 →
2

What is the definition used by the Government of India for Small Scale Industries?

 3

How would you differentiate between an ancillary unit and a tiny unit?

 4

State the features of cottage industries.

 1

How do small scale industries contribute to the socio-economic development of India?