Question : Small-scale industries are characterized by:
Option 1: High capital investment
Option 2: Mass production
Option 3: Limited workforce and production capacity
Option 4: Extensive global distribution networks
Answer (1)
24th Jan, 2024
Correct Answer: Limited workforce and production capacity
Solution : Small-scale industries are characterized by limited workforce and production capacity, often focusing on local or niche markets with lower capital investment.
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