MP Board · Class 11 · Business Studies · Small Business and EnterprisesCottage industries are generally associated with which of the following characteristics?
Step-by-Step Solution
Cottage industries are characterized by being run by family members using locally available raw materials and simple tools, operating mainly from homes.
Detailed Options Breakdown
Option : Heavy machinery and large factories
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Small Business and Enterprises.
Option 1: Operation by family members at home (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Employment of thousands of workers
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Small Business and Enterprises.
Option 3: Large-scale exports
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Small Business and Enterprises.
💡 Study Guide: This question tests core syllabus concepts from Small Business and Enterprises. For formulas, key summaries, and mock exam reference guides, read the full Small Business and Enterprises Revision Notes.