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How can seasonal demand be used correctly in handicrafts?

Answer and explanation

Correct answer: By planning production and inventory before festivals or tourist seasons

Demand for handicraft items may rise during festivals, fairs, and tourist seasons. An artisan should forecast this demand and plan raw materials, labour, production, and inventory in advance so that products are available on time and sales opportunities are not lost. Stopping production when demand rises is the opposite of effective seasonal planning. Exam tip: link seasonal demand with forecasting, advance production, and inventory planning.

Related tags

HandicraftsSeasonal DemandDemand ForecastingInventory PlanningTraditional OccupationsHome ScienceTraditional Occupations In India HandicraftsWorkLivelihood And Career

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