If a Foodservice Manager Wants to Determine the Likelihood That

question 14

Multiple Choice

If a foodservice manager wants to determine the likelihood that customers would purchase a new product,which of the following would be best to use to gain information for that decision?

• A)discrimination sensory test with a consumer panel
• B)description sensory test with a trained panel
• C)discrimination sensory test with a trained panel
• D)acceptance sensory test with a consumer panel

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Definitions:

Economic Rent

The extra income earned by a resource over and above its opportunity cost, often due to natural advantages or market conditions.

Inelastic Demand Curve

Represents a situation where the demand for a product changes by a smaller percentage than changes in its price, indicating consumers' insensitivity to price changes.

Perfectly Elastic

A situation where the demand or supply for a product is infinitely responsive to changes in price, shown as a horizontal line on a graph.