MyQuestionIcon

2

You visited us 2 times! Enjoying our articles? Unlock Full Access!

Business Studies

Assistance

Which type of...

Question

Which type of industry uses family labour and local available talent while running the business?

A

Ancillary industry

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Cottage industry

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Tiny enterprise

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Women enterprise

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Cottage industry

Cottage industry uses family labour and local available talent while running the business.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Read the following statements and choose the appropriate option.

Statement 1: Cottage industries involve the usage of basic tools and equipments.

Statement 2: Generally, the cottage business can be run from the home of the artisans.

Statement 3: Easy and cheap finances are available for artisans.

Q. Long Answer Type Questions :
Explain the meaning and features of Joint Hindu Family Business.

Q. In international, labour, family and community disputes which method of negotiation is extensively used ____________.

Q. The capital owned by a group of people or a business, which is run by a family or a group, is known as __________.

Q. State with reasons whether the following statements are true of false.
1.Wholesaler is in direct contact with ultimate consumers.
2.Commerce is a wider term than business.
3. Risk is inevitable in business activities.
4.Tertiary industry depends upon primary and secondary industry.
5.Internal Trade handle import and export.
6. Business can be expanded with the help of mercantile agents.
7.Transport creates place utility.
8. Industrial activities take place after commerce finishes his role.
9.Changing fashions is one of the important cause of business risk.
10. Available resources should be used to its maximum.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Small Business Further Explored

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon