One of the factors of determining the volume of production is
-
A.
availablity of forex -
B.
availability of storage facilities -
C.
the location of the business -
D.
the number of skilled manpower
Correct Answer: Option D
Explanation
There are various factors which affect the volume of production which includes:
- Availability of natural resources.
- Availability of raw materials.
- Technology.
- Availability of capital.
- Transport facilities.
- Political conditions.
- Climate.
- Efficiency of labour.