What is the most important use of market research in handicrafts?
Answer and explanation
Correct answer: Understanding customer preference, price range and demand trend
Market research improves product and pricing decisions. In exams, link market research with planning.
Frequently asked questions
What is the correct answer to this question?
Understanding customer preference, price range and demand trend
Why is this the correct answer?
Market research improves product and pricing decisions. In exams, link market research with 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.