Question

Give two suggestions to the problems of small scale industries. (60 to 100 Words)

Answer 1

Answer: The small scale industries plays an integral part of the economy , however due to some uncertainties they face the problem for their existence . By proper provision of allocation of resources , adequate financial management , dynamic technical skills and effective marketing channels .

Explanation: * Equitable allocation of resources and adequate equipment and other important components .

*Improvement in methods and techniques of  production processes. The  dynamic technical skilled workers should be hired or should be trained .

*Effective financial support should be provided or sources of finance should be evaluated .

*Marketing criterion should be the most effective , as ; the small scale units are under privileged.

* Proper industrial training should be provided to both small scale entrepreneurs as well as their workers .

Answer 2

Answer:

A small scale industry is a business that is privately owned and operated with a small number of employees and relatively low volume of sales.

Small scale industries play a very important role in the economical development of the country but these industries face a lot of challenges and problems. Some of them are:

Lack of Finance:

Many small scale industries face the problem of lack of funds. They are not able to access the domestic capital market to raise resources. They have to depend upon private money lenders who charge high interest. Banks and other financial institutions should play their role to ease the problems of small scale businesses. They should provide adequate amount of funds to these industries.

Shortage of Raw Materials:

The owner of small scale industry cannot get enough raw materials to meet their demands. They even sometimes get poor quality of raw material on higher prices which results in low production and loss of customers. Adequate supply of raw material should be provided to these industries by the market at reasonable price so that they don't face the problems of material shortage.