answersLogoWhite

0


Best Answer

Globalization allow small businesses to take advantage of inexpensive labor and lower wholesale costs, like larger businesses. A small business can quickly turn into a lucrative enterprise if managed appropriately.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Impact of globalization on cottage and small scale industries?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the impact of Multinational companies on small scale industries in India?

Small scale industries have felt the impact of globalization. Because globalization puts everything on such a large scale, small businesses have struggled with things like obtaining credit, and finding a client base.


Where are Small scale and cottage industries in sikkim?

gangtok


Difference between cottage industries and small industries?

Cottage industries are usually small units run at homes.When a cottage industry starts expanding,and begins to employ labourers with the increased used of machines and powers,it becomes small scale industry.


Impact of recession on small scale industries?

yes


How many types of industries are there?

There are three types of industry. They are cottage and small-scale industry medium and large-scale industry tourist industry


What are the welfare schemes done by mahatma Gandhi?

Mahatma Gandhi was interested in promoting cottage industries and small scale industries to erase the gap between urban and rural area .


Short note on small scale industry?

Cottage industry or Home industry means the manufacturing of goods at home by hands, with small capital and on a small scale by the members of a family. In the past cottage industries played an important role in the economy of our country. They provided employment to a large number of people. The destruction of the cottage industries is one of the main causes of poverty in our country. In India cottage industries have a more important part to play than any other country. They can help a lot in solving the problem of unemployment and poverty. For more than four months in a year, our cultivators have no work to do. Cottage industries can give the cultivator useful employment during spare time. Cottage industries have some real and practical advantages. They make the best use of woman labour. They make the work joyful and pleasant. There is no corruption and no exploitation of the poor by the rich. In cottage Industries there is no fear of a quarrel between the labour and factory owner.


What are the categories of entrepreneurship?

microenterprise,large scale,medium scale,cottage microenterprise,large scale,medium scale,cottage


What is the meaning of medium scale industries?

The meaning of medium scale industries is industries that are in-between large scale and small scale industries. These are average industries that have a higher production capacity that small scale industries but lower than large scale industries.


What is the process of conducting business on a global scale is called?

Globalization- Growth to a global or worldwide scale; "the globalization of the communication industry"


What are some of the small scale cottage industries in India?

agarbatti, crackers, pickles, and many more


Difference between large scale industries medium scale industries and small scale industries?

The difference between large scale industries, medium scale industries and small scale industries is found in three areas. It depends on the number of employees each industry employs, the amount of capital that was invested and the availability of the company's assets.