Which of the following statements is NOT true about cottage industry?

Correct option is C

The correct answer is Requires advanced technological skills.

• Requiring advanced technological skills is NOT true for the cottage industry.

Information Booster:

• A cottage industry is a small-scale, decentralised manufacturing operation that is usually run from a house rather than a purpose-built facility.
• The amount of capital required to start a cottage industry, as well as the number of people employed, are used to characterise it.
• They frequently concentrate on the production of labour-intensive commodities, but they are at a major disadvantage when competing withfactory-based mass producers.
• The cottage industry is defined as tiny, mostly family-run businesses whose profits are primarily utilised to support the household's daily requirements. As a result, it is also referred to as a small-scale industry.
• Many successful instances of small-scale companies may be seen in Japan, Germany, Italy, and other developed countries, with India displaying one of the oldest and largest expansions of such businesses.