What are the main factors driving the food companies to change their product lines in the beverage industry and how has the industry responded?
What will be an ideal response?
America today is different than what it was a few decades ago. It's much more diverse in ethnicity and socio-economic composition, the percentage of population which are classified as the aged and elderly is increasing, the percentage of population which is classified as obese is increasing, the incidence of cardio-vascular and cancer diseases is rising and so on. To meet the changing needs of the population, the food and beverage industry has responded by introducing new and innovative products to meet the challenges posed by the size and composition of the society.
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Suppose that over the next few years, the demand for dancing to country and western music decreases. Hence, at country and western dance clubs, the equilibrium price of admission ________, and the equilibrium quantity of dancing ________
A) rises; increases B) falls; increases C) rises; decreases D) falls; decreases E) does not change; decreases
In which of the following periods did average labor productivity in the United States grow the fastest?
A) 1929 to 1935 B) 1949 to 1973 C) 1973 to 1995 D) 1995 to 2008
Marginal analysis examines the effects of additions to or subtractions from a current situation
a. True b. False Indicate whether the statement is true or false
If inflation is expected by both borrowers and lenders, then we would expect
a. real rates to be higher than nominal rates of interest. b. real rates to be equal to nominal rates of interest. c. real rates to be lower than nominal rates of interest. d. nominal rates of interest to be less than the expected inflation rate.