Shrinkflation and Skimpflation Quiz

What is shrinkflation?

• When a manufacturer reduces the size of a product instead of raising the price

• When a manufacturer increases the size of a product instead of lowering the price

• When a manufacturer changes the packaging of a product without changing the price

• When a manufacturer introduces a new product with a higher price

Why do manufacturers use shrinkflation?

• To make the product more affordable for consumers

• To increase their profit margins

• To introduce new packaging designs

• To compete with other manufacturers

What is the purpose of shrinkflation?

• To pass on a price increase to consumers without them realizing it

• To reduce production costs for the manufacturer

• To make the product more visually appealing

• To increase the shelf life of the product

What is the term for reducing the quality or quantity of ingredients in a product?

• Shrinkflation

• Inflation

• Skimpflation

• Fluctuation

Which industry is most commonly affected by shrinkflation?

• Automotive

• Technology

• Food

• Fashion

What did the French supermarket Carrefour do to raise awareness about shrinkflation?

• Slapped stickers on products accusing manufacturers of shrinkflation

• Reduced the prices of products affected by shrinkflation

• Launched a campaign against shrinkflation on social media

• Boycotted products from manufacturers practicing shrinkflation

What is skimpflation?

• When a manufacturer increases the quality of ingredients in a product

• When a manufacturer reduces the size of a product without changing the price

• When a manufacturer increases the price of a product without changing the size

• When a manufacturer reduces the quality or quantity of ingredients in a product

What is the primary ingredient in the margarine example given for skimpflation?

• Oil

• Water

• Margarine

• Cheaper ingredients

Why do manufacturers engage in skimpflation?

• To improve the taste of the product

• To reduce production costs

• To increase the nutritional value of the product

• To attract more customers

What should consumers pay more attention to in order to spot changes in products?

• The brand name

• The packaging design

• The net weight or net count on the label

• The price of the product