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Nature, Purpose and scope of Business — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMNature, Purpose and scope of Business2 Marks
Question
How is change in technology stands as a risk for business?
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Answer

  • With the change in technology process of production has to be changed.
  • New technology is to be adopted to make high quality products.
  • New machinery has to be adopted. Old machinery is replaced by New. as a result, old capital investment is taken.

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