True or false
Small scale industries are more flexible
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true is small scale industries are more flexible
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True, Small scale industries are more flexible.
- Small scale industries are those industries that have manufacturing and services on a very small scale.
- They generally don't invest more than once in PPE which will not exceed the amount of 10 crore and annual profit is also not more than 50 crore.
- One of the characteristics of Small scale industries is that they are more flexible to changes to the business environment.
- They can adapt easily to any amendments or sudden growth.
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