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Five features of small scale industry

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Five features of small scale industry

Posted by Parampreet Singh 5 years, 8 months ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 5 years, 8 months ago

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.
.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.

2Thank You

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