Question
Consider the following factors regarding an industry :
Which of these determine the nature and size of the industry?
- Capital Investment
- Business Turnover
- Labour Force
- Power Consumption
Which of these determine the nature and size of the industry?
Answer: Option B
Answer: (b)
The factors which are responsible for the industry are capital investment, labour force and power consumption.
However, the nature and size of business are not determined by the turnover of the business.
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Answer: (b)
The factors which are responsible for the industry are capital investment, labour force and power consumption.
However, the nature and size of business are not determined by the turnover of the business.
Was this answer helpful ?
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