Factors affecting the working capital requirement are:

(A) Nature of Business

(B) Seasonal factors

(C) Credit availed

(D) Stock market conditions

Choose the correct answer from the options given below:

Option 1 -> Excludes credit availed (C) which is a key factor in working capital management through accounts payable terms.

Option 2 -> Includes nature of business, seasonal factors, and credit availed - all direct determinants of working capital needs.

Option 3 -> Incorrectly includes stock market conditions which affect investment decisions, not operational working capital requirements.

Option 4 -> Excludes nature of business (A) which is fundamental in determining working capital requirements across different industries.

Hence, Option 2: (A), (B) and (C) only -> Nature of business determines the operating cycle and inventory needs; seasonal factors create fluctuations in demand and stock requirements; credit availed from suppliers directly reduces immediate cash requirements by extending payment periods. Stock market conditions affect capital raising and investments but not the day-to-day working capital requirements for operations -> correct