The size of an enterprise is determined by?

By: |Published on: Mar 15|Categories: Commerce WAEC| 0 comments

A. number of customers of the enterprise
B. length of the time the firm has been in operation
C. amount of capital invested
D. type of work done

Correct Answer: Option C

C. amount of capital invested

Explanation

Measures of Size:

  1. 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.
  2. Value of the Product:
  3. The Number of Wage-earners Employed:
  4. Power Used
  5. Amount of Raw Materials Consumed
  6. Volume of Output
  7. Productive Capacity of the Plant

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