Can you think of a contemporary industry or profession that employs craft produc

Question

Can you think of a contemporary industry or profession that employs craft production principles? What are the strengths of this industry or profession? What are the weaknesses? What are the biggest threats it faces? What do you think this industry or profession needs to do to improve? Can you think of a contemporary industry or profession that employs craft production principles? What are the strengths of this industry or profession? What are the weaknesses? What are the biggest threats it faces? What do you think this industry or profession needs to do to improve? Can you think of a contemporary industry or profession that employs craft production principles? What are the strengths of this industry or profession? What are the weaknesses? What are the biggest threats it faces? What do you think this industry or profession needs to do to improve?

Explanation / Answer

Bugatti is an example of contemporary industry.

Strengths: Top brand, attractive, class, heritage, highly developed, true quality etc

Weaknesses: Less demand, high sale tax, digital payment leading to fear of cyber crimes, lack of variety etc.

Biggest threats: Increasing market competiton, decreasing demand,

Improvement:The industry need to provide some variety and to adjust their prices to some extent.

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