In which situation is exploitation more likely in the supply chain of traditional art?
Answer and explanation
Correct answer: When the artist does not know the production cost and final selling price
A is correct. If an artist does not know the production cost or the final market selling price, intermediaries may pay the artist less while keeping a larger share of the profit. The artist then cannot negotiate a fair price, increasing the risk of exploitation. In contrast, price transparency reduces this risk. Exam tip: Link exploitation in a supply chain with unequal access to market information.
Frequently asked questions
What is the correct answer to this question?
When the artist does not know the production cost and final selling price
Why is this the correct answer?
A is correct. If an artist does not know the production cost or the final market selling price, intermediaries may pay the artist less while keeping a larger share of the profit. The artist then cannot negotiate a fair price, increasing the risk of exploitation. In contrast, price transparency reduces this risk. Exam tip: Link exploitation in a supply chain with unequal access to market information.
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 - Visual arts.
