Craft Fair: An Opportunity for Wally
Why would it be in Wally's best interest to go to a craft fair and sell some of his custom furniture?
A. If the cost of making the furniture was less than the price that Wally believes he would be able to sell it for
B. If there were not many other people selling custom furniture at the craft fair
C. If Wally believed that he would only be able to sell the furniture for less than the cost of the materials he used to make it
D. If Wally determined that the demand for custom furniture was low
Answer:
The correct answer is actually A.
Wally's best interest to go to a craft fair and sell some of his custom furniture would be if the cost of making the furniture was less than the price that Wally believes he would be able to sell it for. This would ensure that Wally makes a profit from selling his furniture, covering the cost of materials and labor while also earning a profit.
By selling his custom furniture at a craft fair, Wally can showcase his skills and craftsmanship to a wider audience. This can attract potential customers who appreciate handmade, custom furniture and are willing to pay a higher price for unique pieces.
Additionally, participating in a craft fair where there are not many other people selling custom furniture can give Wally a competitive advantage. With less competition, he has a higher chance of standing out and attracting more customers to his booth.
Overall, attending a craft fair to sell his custom furniture can be a profitable and rewarding experience for Wally, especially if he prices his products strategically and markets them effectively to the right audience.