Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following parameters help/s us to classify industries into micro-scale, small-scale, medium-scale, and large-scale?

• A. Turnover
• B. Investments
• C. Interest
• D. Profit

Answer 1

Answer: (A), (B)

Investments

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Size of the industry can be defined through investments and turnovers. Investment refers to the amount of money that has been put in to set up the industry and its plant and machinery or equipment. Turnover refers to the value of goods or services sold during a particular period of time.