

InterviewSolution
Saved Bookmarks
1. |
Five features of small scale industry |
Answer» The features of small scale industries are as follows:\tPersonal character : SSIs enjoy personal character.\tIt is generally owned by a single entrepreneur or partnership.\tSimple managerial structure : It is managed by owners only. Thus, can reap the benefits of direct motivation, secrecy, flexibility, etc.\tLabour incentive techniques : There is pre-dominance of labour. These units use labour incentive techniques of production instead of mechanised methods of production.\t.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.\tSimple technology : The machinery and equipments used for production of goods are operated manually and are not very sophisticated. | |