The following points highlight the top two sources of growth of firms. The sources are: 1. Internal Growth 2. Mergers. Source # 1. Internal Growth: Many firms become large by generating internal growth. Marks and Spencer is an example. It started as a market stall selling clothes and still does this, though it has also diversified into other products. Other [...]
The following points highlight the eight things to determine before finalizing the location of a firm. The determinants are: 1. Personal Preference and Historical Factors 2. Transport Costs 3. The Cost and Skills of the Labour Force 4. The Cost of Renting Land 5. The Nearness of Power Supplies 6. The Nearness of Water Supplies 7. Good Infrastructure 8. The [...]
Get the answer of: What are the Alternative Objectives of Business Firms? A firm is a technical unit in which inputs are converted into output or saleable goods. Business firms operate with a number of objectives in view. The objective and goals to be pursued often depend on the personal motives of managers. They also attempt to minimise costs. And [...]