Examlex

Solved

Several Factors Must Be Considered When Planning Menus

question 14

Multiple Choice

Several factors must be considered when planning menus. In descending order of importance (most to least important) , these factors are:


Definitions:

Inflation Rate

The percentage increase in the price level of goods and services in an economy over a period of time, reflecting a reduction in purchasing power.

Consumer Price Index

An indicator quantifying the mean variation over periods in the financial commitments urban consumers make towards a particular set of consumer goods and services.

Basket of Goods

A fixed set of consumer products and services whose price is monitored over time to calculate inflation through the Consumer Price Index.

Inflation Rate

The rate at which prices for a wide range of goods and services go up, causing a decline in how much can be bought with the same amount of money.

Related Questions