1.2.4 - Raw Materials and Money in Hand
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Practice Questions
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What are raw materials?
💡 Hint: Think of items used before making a final product.
What is working capital?
💡 Hint: It helps in the short-term production process.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What are raw materials?
💡 Hint: They are what you start with before making something.
True or False: Working capital includes only cash.
💡 Hint: Consider the meaning of raw materials.
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Challenge Problems
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A small farmer in Palampur wants to modernize his equipment but lacks working capital. Discuss a strategy to secure funding and the potential risks involved.
💡 Hint: Look beyond immediate borrowing; Think about alternative funding sources.
Analyze how changes in the availability of raw materials affect the production line of a farming operation in Palampur.
💡 Hint: Think about the supply chain and its impact on production efficiency.
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