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

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CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RL.11-12.2

CCSS.RL.9-10.2

CCSS.RL.8.2

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

• Staying constant

• Decreasing size

• Becoming more expensive

• Increasing size

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CCSS.RI.11-12.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.8.7

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

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CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RL.11-12.2

CCSS.RL.9-10.2

CCSS.RI.8.2

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?

(a)  

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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?

(a)  

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CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1