In which situation is a pre-order model most useful in handicrafts?
Answer and explanation
Correct answer: When demand is uncertain and raw material cost is high
Pre-orders can reduce unnecessary stock and cash risk. Exam tip: connect it with production planning.
Frequently asked questions
What is the correct answer to this question?
When demand is uncertain and raw material cost is high
Why is this the correct answer?
Pre-orders can reduce unnecessary stock and cash risk. Exam tip: connect it with production planning.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Handicrafts.