Question

four features on cottage industry and small scale industry

short point

Answer 1

in cottage industry Simple equipments : Simple equipments are used in the production of goods.
Indigenous technology : Indigenous technology is used for producing goods.
Individuals : The industries are organised by individuals having private resources.
Investment: Small amount of capital is invested in the production.
Simple products: Production of simple products in their own premises.
Family labour: Cottage industries use family labour and locally available talent

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Write the features of small scale industries (SSI)
CBSE Class 11 CBSE Class 11 Business Studies small-business cbse

prasanna
Aug '16
The features of small scale industries are as follows:

Personal character : SSIs enjoy personal character.
It is generally owned by a single entrepreneur or partnership.
Simple managerial structure : It is managed by owners only. Thus, can reap the benefits of direct motivation, secrecy, flexibility, etc.
Labour incentive techniques : There is pre-dominance of labour. These units use labour incentive techniques of production instead of mechanised methods of production.
4.Local area of operations : The operations of a unit are localised. It depends mainly on local resources but products are exported all over the world.
Simple technology : The machinery and equipments used for production of goods are operated manually and are not very sophisticated.

Answer 2

Small scale industry :- It is defined into reference to the maximum investment allowed on the assets of a unit. This limit has changed over a period of time. At present the maximum investment allowed is Rs. 1 crore.