A Significant Reason That Increases in Demand for Agricultural Products

question 50

Multiple Choice

A significant reason that increases in demand for agricultural products have been relatively small is because increases in the

• A) population of the United States have been greater than increases in the productivity of agriculture.
• B) population of the United States have been greater than decreases in the productivity of agriculture.
• C) incomes of U.S. consumers result in more than proportionate increases in their spending on agricultural products.
• D) incomes of U.S. consumers result in less than proportionate increases in their spending on agricultural products.

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Definitions:

Unrelated Diversification

A growth strategy whereby a new business lacks any common elements with the present business.

Growth Strategy

A plan of action designed to increase the market share, sales, revenues, or profits of an organization.

Frozen Foods Industry

A sector of the food industry focused on the production, marketing, and sale of foods preserved by freezing.

Product Development

The complete process of bringing a new product or service to market, from initial concept through design, development, and introduction to consumers.