Highlight five methods that can be used to determine the size of the firm

      

Highlight five methods that can be used to determine the size of the firm

  

Answers


johnson
- The number of employees – The higher the number of employees, the larger the firm

- Volume of output – A firm with a high output may be considered to be large

- Floor area covered by premises – A firm with large floor area covered is said to be large

- Capital invested – The larger the capital of the firm in terms of assets the larger the firm

- Production methods – Modern methods is associated with larger firm (and vice versa)

- Market served – A firm serving a large market/with many branches is considered large

- Sales volume – Larger sales signify a large firm
johnson mwenjera answered the question on January 6, 2018 at 19:50


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