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What problem can arise if the price of a handicraft product is based only on raw material?

Answer and explanation

Correct answer: Artisan time, skill and profit are ignored

Handicraft pricing must include labour and skill too. In exams, remember cost plus skill pricing.

Related tags

HandicraftsPricingLabour-CostArtisan-IncomeTraditional Occupations In India HandicraftsWorkLivelihood And CareerWork Livelihood And CareerHome Science

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