Tag: size
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Different sizes of firms
Main reasons for different sizes of firms Size of market Capital Organization Barriers to enter
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Problems with methods
Problems associated with each method Number of employees A capital intensive firm will employ less employees, but achieve high output and sales because the work will be done by the machines Capital employed A labor intensive firm might not invest in machinery and employ more employees but still achieve high output and sales…
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Methods of measuring size
Different methods of measuring size of business units Number of employees Capital employed Profit Value of output and sales