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Why is creating a product portfolio useful in handicrafts?

Answer and explanation

Correct answer: Options are available for different price ranges, uses and customer groups

A product portfolio includes products with different designs, uses and price ranges. It helps an artisan meet the needs of varied customer groups, such as gift buyers, household users and customers seeking premium items. Therefore, option A is correct. Making only one type of product would limit customer choice and market reach, so option B is incorrect. Exam tip: remember a product portfolio as a planned range of products for diverse customer needs.

Related tags

Home ScienceHandicraftsProduct PortfolioCustomer SegmentationMarketingTraditional OccupationsTraditional Occupations In India HandicraftsWorkLivelihood And Career

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