Comparing with market prices helps set a competitive yet fair price. It ensures the produce aligns with market demand while covering production costs, benefiting both the seller and buyers with appropriate pricing.
Class 6 NCERT Vocational Education Kaushal Bodh Part 1 Work with Life Forms Project 1 School Kitchen Garden
Class 6 Vocational Education Kaushal Bodh Textbook chapter 1 School Kitchen Garden question answer
Market price comparison is a critical step in setting a fair price for your produce. It provides an understanding of the current demand and prevailing rates, allowing you to align your pricing with market expectations. While ensuring the price covers production costs, this practice also helps maintain competitiveness and fairness. Accurate comparison prevents overpricing, which may deter buyers, or underpricing, which can lead to losses, fostering a balanced approach to selling the harvested crops.