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Small Business — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesSmall Business1 Mark
Question
When is a unit said to be a 'medium-scale enterprise'?
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Answer

A unit is said to be a 'medium-scale enterprise' when investment in its plant and machinery exceeds ₹ 5 crore but is less than ₹ 10 crore for manufacturing industries and for service industries, the investment exceeds ₹ 2 crore but is less then ₹ 5 crore.

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