Rizul Bhattacharya after leaving his job wanted to start a Private Limited Company with his
son. His son was keen that the company may start manufacturing of mobile phones with
some unique features. Rizul Bhattacharya felt that the mobile phones are prone to quick
obsolescence and a heavy fixed capital investment would be required regularly in this business.
Therefore he convinced his son to start a furniture business. Identify the factor affecting fixed
capital requirements which made Rizul Bhattacharya to choose furniture business over mobile
phones.
[CBSE (AI) 2016)
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Answer:
technology upgradation
Explanation:
as the technology need to be upgraded again and again . The growth in this sector is so vast that if you can't cope up with them ...then you will lag behind . similarly rizul bhattacharaya may find it difficult as financial requirement is much needed because with only we can buy upgradation ...so he decided for furniture business over mobile business
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