Z ltd. Of manufacturing electric wires which is used for various purpose.
One day owing to short circuit there was fire in the factory a large quantum
of raw material was damaged. The company was insured through an
appropriate fire insurance policy. However , the receipt of insurance claim
would take some time. During this period , the company needs funds
amounting to Rs. One crore from external source to keep the
factory active.
Suggest the company the most appropriate sources of raising funds for meeting with requirements
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Answer:
Export of manufactured goods expands trade and commerce , and brings in much needed foreign exchange.
Questions
a) How do manufacturing industries help the people?
b) Why industrial development consider important for tribal areas?
c) Why are export of manufacturing goods important for economy?
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