Which of the Following Increases the Demand for Chicken

question 22

Multiple Choice

Which of the following increases the demand for chicken?

• A) an increase in the price of the grain used to feed chickens
• B) an increase in the number of chicken farmers
• C) an increase in the price of beef, a substitute for chicken
• D) a fall in the price of chicken

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Definitions:

Procurement Process

A cross-functional business process that originates when a company needs to acquire goods or services from external sources, and it concludes when the company receives and pays for them.

Production Process

A sequence of steps or operations undertaken in the manufacturing of goods or services.

Cloud-Based ERP

Enterprise resource planning systems hosted on cloud computing platforms, enabling businesses to access their business-management applications over the internet.

Cost

An amount that must be paid or spent to buy or obtain something, including the effort or loss necessary to achieve a goal.