A Decrease in the Demand for Eggs Caused by Concerns

question 45

Multiple Choice

A decrease in the demand for eggs caused by concerns over cholesterol is most likely attributable to which demand shifter?

• A) income
• B) prices
• C) consumer preferences
• D) prices of other goods

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Definitions:

Standards

Established norms or criteria that act as baseline measures for quality, behavior, or performance.

Corrective Action

Measures that are taken to identify and rectify problems, faults, or non-compliance within processes or systems.

Organizational Performance

the measure of how effectively and efficiently an organization meets its objectives and goals.

Administrative Leadership

Leadership focused on the management, policies, and administrative processes of an organization to ensure its proper operation.