In what way did the pressure of competition affect the workers in the garment industry?
Decreased the working hours
Reduced cost of raw materials
Protection to workers
Reduced the labour cost
Classify the following into fixed costs and variable costs :
(i) Salary of the permanent staff
(ii) Interest payment
(iii) Wages to daily workers
(iv) Expenditure on raw materials
(v) Excise duty
(vi) Sales tax