Question

The right choice of the form of the business depends upon ___________.
(I) Nature of business
(II) Volume of business
(III) Area of operation

• A. (I) and (II)
• B. (III) and (II)
• C. (I) and (III)
• D. All of above

Answer 1

The correct option is D All of above

The right choice of the form of the business depends upon the nature of business, volume of business and the area of operations. Nature of business includes what type of business whether labour intensive or capital intensive. Volume of business means what will be the scale of production large or small. Area of operation includes the geographic are which will be covered by the business.