JAMB - Commerce (2016 - No. 30)
One of the factors of determining the volume of production is
availablity of forex
availability of storage facilities
the location of the business
the number of skilled manpower
Explanation
There are various factors which affect the volume of production which includes:
- Availability of natural resources.
- Availability of raw materials.
- Technology.
- Availability of capital.
- Transport facilities.
- Political conditions.
- Climate.
- Efficiency of labour.
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