Factors that determine the size of a firm
Some of the factors include;
1. The amount of capital available to the firm.
2. The size of its market, i.e. the extent the products of the firm are in demand.
3. The profit margin.
4. The type of firm, either public or private firm.
5. The ownership – government or private individuals.
6. The sources of capital to the firm.
7. The nature of business of the firm.
8. The efficiency or inefficiency of the management of the firm
9. The attitude of the workers of the firm to work.
10. The number of the owners of the firm.
11. The extent of raw materials available to the firm.
12. The number of factors of production available to the firm.
13. The extent of efficiency of its factors of production.
Click here to download “Factors that determine the size of a firm” as PDF.
Click here to save this Post as PDF
