A small business or manufacturing activity is called a cottage industry?

• True

• False

A business or manufacturing activity carried out in people's homes is called _____

• A Small Business

• A Medium Enterprise Business

• A Cottage Industry

• A Limited Company

Which of the following is not one one of the key features of a cottage industry?

• Carried out in persons homes

• Typically use traditional or small scales technology

• Often use local raw material

• Usually hire employees from the community

Which of the following is NOT a disadvantage of operating a cottage industry?

• Operators may lack marketing skills

• Raw materials may be hard to obtain

• Cottage industry usually offers low and attractive prices

• Long hours of work usually required

Which of the following falls under cottage industry?

• The Village Corner Store operated by Tanty Pam on the busy junction.

• The local barbershop operated in the community mall.

• The large supermarket at the mall.

• The seamstress operating at her home.

Which is NOT a characteristic of cottage industry?

• Based at home

• Labour- intensive production

• Use of local resources

• Highly trained employees

Which of the following businesses may be BEST categorized as a cottage industry?

• Linda's Hear Dressing Salon

• Otis Mini Mart

• Vicky's Handicraft

• Eva Brewery Ltd.

All of the following can be considered disadvantages of cottage industries EXCEPT _____

• Flexibility in working hours

• High cost of production

• Lack of standardisation in output

• Dependence upon local raw materials

A cottage industry can BEST be described as ____

• A business with one person responsible for all aspects

• A business that builds homes

• A business carrying out production at home

• A business catering to the needs of the local community

Cottage Industries benefit from economies of scale.

• False

• True