BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Growth of business
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Change in technique
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Technological Upgradation
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Choice of Technique
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Detailed explanation-1: -Technology upgradation is an initiative that encourages entrepreneurs to adapt to modern technology to enhance their competitiveness in the global market.
Detailed explanation-2: -What are examples of technological changes? Automobiles, smartphones, laptops, and wind turbines are some examples of technological changes.
Detailed explanation-3: -Examples of this include cars, trains, computers, and lights. Machines allow humans to tremendously exceed the limitations of their bodies. Putting a machine on the farm, a tractor, increased food productivity at least tenfold over the technology of the plow and the horse.
Detailed explanation-4: -Replacement Equipment means equipment of similar capacity to existing equipment provided when the primary equipment is out of service.