Classification Of Industries Based On Size

Q. If the investment in a business is between one crore and ten crores, the business is considered a .

1. tiny industry
2. micro industry
3. small industry
4. large industry

Q. On what basis are firms classified into large, medium, small, micro, or tiny industries?

1. Number of workers
2. Volume of raw material
3. Ownership
4. Scale of investment or sales