Question

Prepare a profile of anyone MSME operating locally in your area. Prepare a questionnaire to find out: (a) The growth prospects of the unit. (b) Use of local resources and indigenous skills used. (c) The actual problems faced by an owner of a MSME. Prepare a project report on it. (d) Marketing of products and services

Accepted Answer

PROJECT REPORT: PROFILE OF A LOCAL MSME Name of Unit: Sharma Handicrafts (Micro Enterprise) Location: Local industrial area Product: Handmade wooden furniture and decorative items Year of Establishment: 2018 Investment: ₹8 lakh Employment: 12 workers QUESTIONNAIRE: (a) Growth Prospects: 1. What is the current production capacity? 2. Has the unit expanded since inception? 3. Are there plans for diversification? 4. What is the expected growth rate? (b) Use of Local Resources and Indigenous Skills: 1. What local raw materials are used? 2. Which indigenous skills are employed? 3. Are local artisans hired? 4. How does the unit promote regional skills? (c) Problems Faced: 1. What are the difficulties in procuring raw materials? 2. Is finance availability a challenge? 3. Do you face issues with modern technology adoption? 4. What marketing problems exist? (d) Marketing of Products: 1. What is the target market? 2. Which marketing channels are used? 3. Do you participate in exhibitions or fairs? 4. How do you compete with large-scale industries? FINDINGS: The unit uses local resources like wood and employs indigenous skills of local artisans. Major problems include limited finance, lack of modern technology, and marketing challenges. Growth prospects are positive due to rising demand for handmade products. — This is a project-based question requiring students to create a practical report. The answer demonstrates how students should prepare a profile and questionnaire covering all…

Explanation

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