WAEC - Commerce (2016 - No. 31)
the size of an enterprise is determined by?
number of customers of the enterprise
length of the time the firm has been in operation
amount of capital invested
type of work done
Explication
Measures of Size:
- Capital Invested: The Amount of capital invested is one measure of size that can be used to compare the size of like and unlike firms.
- Value of the Product:
- The Number of Wage-earners Employed:
- Power Used
- Amount of Raw Materials Consumed
- Volume of Output
- Productive Capacity of the Plant