What Type of Product Modification Is Likely to Make the Greatest

question 15

Multiple Choice

What type of product modification is likely to make the greatest impact on a food product?

• A) Quantity
• B) Aesthetic
• C) Functional
• D) Versatility
• E) Texture

---

Definitions:

Price Paid

The actual amount of money exchanged for a good or service.

Supply and Demand

Fundamental economic model describing how prices and quantities of goods and services are determined in a market based on the relationship between the quantity supplied and the quantity demanded.

Price Floor

A government or regulatory minimum price set for a commodity, below which it cannot legally be sold.

Farm Incomes

The earnings from agricultural activities that farmers receive, including profits from selling crops and livestock.