Survival of Small Firms

How do we measure the size of firms?  The size of the firm is measured on the basis of the following criteria.  The number of employees  The value of the capital employed  The value of…

Growth of Firms

What is a firm?  A firm is a unit of management trading under a particular name. It is a decision making production unit. An industry is made up of all those firms producing the same commodit…

Economies of Scale

Economies of Scale  Economies of scale refers to the fall in long run average cost of the firm due to expansion of its scale of production.  This is concerned with monetary or economic be…

MCQ: November 2012, 2281/12, Question 17

MCQ: November 2012, 2281/12, Question 19

MCQ: June 2012, 2281/11, Question 19

Growth of Firms

What is a firm?  A firm is a unit of management trading under a particular name. It is a decision making production unit. An industry is made up of all those firms producing the same commodity.  Why …

Growth of Firms

What is a firm?  A firm is a unit of management trading under a particular name. It is a decision making production unit. An industry is made up of all those firms producing the same commodity. …

Economies of Scale

Economies of Scale  Economies of scale refers to the fall in long run average cost of the firm due to expansion of its scale of production.  This is concerned with monetary or economic benef…

Survival of Small Firms

How do we measure the size of firms?  The size of the firm is measured on the basis of the following criteria.  The number of employees  The value of the capital employed  The value of th…