The factors that determine the best size of the business units (the optimum size of the firm) are studied under the following five groups: 1. Technical Factors 2. Managerial Factors 3. Financial Factors 4. Marketing Factors 5. Factors of Risks and Fluctuations. 1. Technical Factors: Technological factors underline the need for enlarging the scale and size of operations of a [...]
This article throws light upon the fourteen main reasons for the survival of small firms. 1. Intense desire of individuals to be their own masters is a significant factor underlining the survival of small firms. The independent small entrepreneur works hard, solicits cooperation of his small labour force, builds up contacts in trade and gets rewards directly related to his [...]
After reading this article you will learn about the size of units in important industries of India:- 1. Cotton Textiles Industry 2. Jute Industry 3. Cement Industry 4. Paper Industry 5. Sugar Industry 6. Coal Industry 7. Iron and Steel Industry. Cotton Textiles Industry: A mill with not less than 1,000 looms and 35,000 spindles may be reckoned as an [...]