When a large organisation operates at a higher level it needs bigger plant, more space etc. The factor affecting the requirement of fixed capital refe
Question
When a large organisation operates at a higher level it needs bigger plant, more space etc. The factor affecting the requirement of fixed capital referred here is-
A.
Choice of technique
B.
Nature of business
C.
Scale of operations
D.
Growth prospects
Correct option is C
The factor affecting the requirement of fixed capital is referred here is “Scale of operations”.