Pricing and Food Trends Quiz

What is one of the challenges companies face when setting the price of a product?

• Reduced profit margin

• Investing in IT systems

• Increased sales

• Cutting costs

How have prices in the food business been affected by advances in technology?

• Remained the same

• Fluctuated

• Fell

• Increased

What factor has mainly contributed to pushing down prices in supermarkets?

• Government regulations

• Producers' margins

• Consumer demand

• Supermarkets' scale

Which retail company is mentioned as having tremendous power to pressure producers to cut margins?

• Nestle

• Unilever

• Cadbury

• Wal-Mart

Tags

CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RL.11-12.2

CCSS.RL.8.2

CCSS.RL.9-10.2

What is the trend mentioned regarding the size of soft drink cans in America?

• Staying constant

• Decreasing size

• Becoming more expensive

• Increasing size

Tags

CCSS.RI.11-12.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.9-10.7

What is the main reason companies are under pressure to stop selling bigger portions for less money?

• Economic factors

• Government regulations

• Health concerns

• Consumer complaints

Tags

CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RL.11-12.2

CCSS.RL.8.2

CCSS.RL.9-10.2

What is one of the challenges companies face when trying to change the trend of selling bigger portions?

• Market demand

• Competitor strategies

• Lack of resources

• Consumer preferences

What is the primary goal of companies in giving people bigger portions of food?

• Reducing waste

• Boosting sales

• Increasing customer satisfaction

• Promoting healthy eating

What is one of the potential effects of cheap food on people's health?

Tags

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.8.3

What is one way food companies try to make people buy more food?

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1