What is the correct purpose of product diversification in a visual art enterprise?
Answer and explanation
Correct answer: Reduce income risk and add new customers
Diverse products reach customers with different demand and budgets. In exams connect diversification with risk management.
Frequently asked questions
What is the correct answer to this question?
Reduce income risk and add new customers
Why is this the correct answer?
Diverse products reach customers with different demand and budgets. In exams connect diversification with risk management.
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.