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Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipResource Mobilization1 Mark
Question
When is a unit referred to as “micro-business enterprise"?
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Answer

A unit is known as ‘micro-business enterprise', if its investment in plant and machinery does not exceed ₹ 25 lakhs for manufacturing industries and ₹ 10 lakhs for service industries.

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