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Class 11Home ScienceWork, Livelihood and CareerTraditional occupations in India - HandicraftsExpertLevel 10

What problem may occur if demand forecasting is wrong in handicrafts?

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Answer and explanation

Correct answer: Excess stock, raw material wastage or inability to fulfil orders

Wrong forecasting affects both production and cash flow. Exam tip: connect demand assessment with enterprise planning.

Tags

home-sciencedemand-forecastinginventorycash-flow

Frequently asked questions

What is the correct answer to this question?

Excess stock, raw material wastage or inability to fulfil orders

Why is this the correct answer?

Wrong forecasting affects both production and cash flow. Exam tip: connect demand assessment with enterprise 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.

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10 more MCQs
  1. 1What is the simplest meaning of handicraft?
  2. 2Why are handicrafts considered a traditional occupation in India?
  3. 3Making clay pots is an example of which traditional occupation?
  4. 4What is the main asset of an artisan in handicrafts?
  5. 5Why is use of local material important in handicraft products?
  6. 6Wood carving is related to which work?
  7. 7What mainly affects the beauty of a handicraft product?
  8. 8A handmade basket can commonly be made from which material?
  9. 9What is the main benefit of training in handicrafts?
  10. 10How can family participation be seen in a handicraft occupation?
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