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1
Q:

What is the best definition of the term cottage industry?

A) goods are produced at home B) group of cottages that serves as factory
C) people of same colony work at same place D) people work at industries leaving their homes

Answer:   A) goods are produced at home



Explanation:

Cottage industry is a manufacturing activity of people operated at home. The handcrafts which were sold in the society are examples of cottage industy products. It is a small scale industry in which the labor force is mostly family members or individuals.

Subject: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO
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