Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

What is the biggest long-term loss of underpricing in handicrafts?

Answer and explanation

Correct answer: The artisan does not receive fair value for labour, skill, and material costs

Underpricing means setting a price so low that the artisan does not recover fair value for labour, skill, raw materials, and other costs. In the long run, this makes income unsustainable and may prevent artisans from maintaining quality or continuing production. Customer loyalty does not automatically result merely from a low price. Exam tip: Fair pricing should cover costs, recognise skill, and allow a reasonable livelihood margin.

Related tags

HandicraftsUnderpricingArtisan LivelihoodFair PricingTraditional OccupationsHome ScienceTraditional Occupations In India HandicraftsWorkLivelihood And Career

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.