III. Answer the following.
1. Mention three features of small industries.
2. Define :- Labour Scale
3. Define :- Linear scale.
Answers
Answer:
1) Labour intensive.
Flexibility
One-man show
3)A linear scale, also called a bar scale, scale bar, graphic scale, or graphical scale, is a means of visually showing the scale of a map, nautical chart, engineering drawing, or architectural drawing. A scale bar is common element of map layouts
Explanation:
1.Labour intensive:
small -scale industries are fairly labour intensive.The provide an economic solution by creating employment opportunities in urban and rural areas at a relatively low cost of capital investment.
2.Flexibility
small scale industries are flexible in their operation.They adopt quickly to various factors that play large part in daily management.Their flexibility makes them best suited to constantly changing environment
3.One-man show:
A small -scale industries unit is generally a one-man show.It is mostly set up by individuals.Even some small units are run by partnership firm or company,the activities are mainly carried out by one of the partners or directors.Therefore;they provided an outlet for expression of the entrepreneurial spirit.As they are their own boss, the decision making process fast and at times more innovative.