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

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Question

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

Short Note

Solution

The following are the various parameters that are used to measure the size of the business.

(a) Number of people hired in the business

(b) Amount of capital invested in the business

(c) Volume or value or units of output produced by the business

(d) Power consumption by the business in carrying out its activities

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Small Scale Enterprise as Defined by MSMED Act 2006
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Chapter 9: Small Business and Entrepreneurship - Short Answers [Page 227]

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NCERT Business Studies [English] Class 11
Chapter 9 Small Business and Entrepreneurship
Short Answers | Q 1 | Page 227
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