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Financial Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesFinancial Management1 Mark
Question
How does the 'Level of Competition' affect the working capital requirement?
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Answer

High level of competition increases the need for more working capital. In order to face competition, more stock is required for quick delivery and credit facility for a longperiod has to be made available.

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