Comparing Growth
- Created by: Kathryn
- Created on: 09-06-14 13:31
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- How to compare the size of a business
- Number of employees
- some firms use production methods which employ very few people but still produce high output levels.
- Value of output
- high level of output does not mean the business is large
- Value of Sales
- could be misleading to use this to measure size of businesses that sell very different product
- Value of Capital Employed
- similar problem to 'number of employees' - a company employing many workers may use labour-intensive methods of production. These give low output levels and use little capital equipment
- Number of employees
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