One of the factors of determining the volume of production is?

A. availability of forex
B. availability of storage facilities
C. the location of the business
D. the number of skilled manpower

Correct Answer:

Option D – 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.