What is one of the challenges companies face when setting the price of a product?
Pricing and Food Trends Quiz

Quiz
•
English
•
12th Grade
•
Medium

Peter Johnson
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Reduced profit margin
Investing in IT systems
Increased sales
Cutting costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How have prices in the food business been affected by advances in technology?
Remained the same
Fluctuated
Fell
Increased
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factor has mainly contributed to pushing down prices in supermarkets?
Government regulations
Producers' margins
Consumer demand
Supermarkets' scale
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which retail company is mentioned as having tremendous power to pressure producers to cut margins?
Nestle
Unilever
Cadbury
Wal-Mart
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the trend mentioned regarding the size of soft drink cans in America?
Staying constant
Decreasing size
Becoming more expensive
Increasing size
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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