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One of the factors of determining the volume of productio...

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

View answer & explanation

Correct answer is D

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.

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