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Explain the Following as Factor Affecting the Requirements of Fixed Capital: Choice of Technique - Business Studies

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प्रश्न

Explain the following as factor affecting the requirements of fixed capital:

Choice of technique

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उत्तर

Choice of technique: A company may use labour-intensive or capital-intensive techniques. A company using capital-intensive techniques will require larger fixed assets, whereas a company using labour-intensive technique will require less fixed assets.

Capital-intensive organisation ⇒ Higher investment in fixed assets

Labour-intensive organisation ⇒ Lower investment in fixed assets

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