Question

What are the characteristics of small scale enterprises?

Answer 1

The characteristics of small scale industries are as follows:

1. The business is managed by one owner, therefore, most of the businesses are sole proprietorship businesses.
2. The owner manages all the administrative decisions.
3. Area of operations is restricted.
4. These industries are more labour intensive.
5. These kinds of businesses are flexible in their approach.
6. Utilisation of local resources is done with minimum wastage.

Also read:

• Role and Importance of Small Scale Industries
• Small Scale Industries
• Administrative Setup for Small Scale Agro and Rural Industries
• Large Scale Industries

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