What are the different parameters used to measure the size of business?



Q.1:- What are the different parameters used to measure the size of business?

 

Answer:-



Several parameters can be used to measure the size of business units. These include the number of persons employed in business, capital invested in business, volume of output or value of output of business and power consumed for business activities. Appropriate parameter may be used depending on the need and advantages or limitations of various measures.