Purchase of land and buildings, plants and machinery are examples of medium-term finance.

False

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True

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___is more integral to a firm’s business plan because it directly affects profitability. It is typically expensive and is used to purchase assets that have a long, useful life. This includes machinery, buildings or production plants, and other long-term investments.

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Q. Q.3. Give the classification of manufacturing enterprises in terms of investment in plant and machinery in accordance with the provisions of Micro, Small and Medium Enterprises Development Act, 2006.

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