Why is market information necessary for women?
Answer and explanation
Correct answer: To understand fair product prices and customer needs
Market information helps women understand customer preferences, demand, competing products and fair prices. This enables them to choose suitable products, set prices and improve sales. Option B is incorrect because a business needs to communicate its work and products to customers, not hide them. Exam tip: mention ‘demand, price and customer needs’ when stating the benefits of market information.
Frequently asked questions
What is the correct answer to this question?
To understand fair product prices and customer needs
Why is this the correct answer?
Market information helps women understand customer preferences, demand, competing products and fair prices. This enables them to choose suitable products, set prices and improve sales. Option B is incorrect because a business needs to communicate its work and products to customers, not hide them. Exam tip: mention ‘demand, price and customer needs’ when stating the benefits of market information.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Women and work: issues and concerns.
