Enlist the factors determining working capital. Indicate the approaches to managing working capital.

Enlisting the factors determining working capital and indicating approaches to managing it is crucial in the dairy management and entrepreneurship sector. Working capital, often referred to as the lifeblood of any business, is the capital required to carry out day-to-day operations effectively. In the context of dairy management and entrepreneurship, where operations involve procurement, processing, distribution, and marketing of dairy products, managing working capital efficiently is paramount for sustaining and growing the business. Below, I outline the factors determining working capital and approaches to effectively managing it within the dairy industry:

Factors Determining Working Capital:

1. Seasonality of Milk Production: In dairy farming, milk production is often seasonal due to factors such as breeding cycles, weather conditions, and feed availability. This seasonality affects ______ __________ ________ ___ ___ ______ _____ ____ _______ ______.
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