Examlex
Which of the following critical control points are more important in ready prepared foodservices than in conventional foodservices?
Income Elasticity
A measure of how much the demand for a good will change in response to a change in consumer's income.
Cross Elasticity
An indicator of the sensitivity in demand for a certain product in response to price fluctuations of a different product.
Percentage Change
A mathematical calculation that shows how much a number has increased or decreased compared to its previous value, expressed as a percentage.
Complementary Goods
Goods and services that are used together; when the price of one falls, the demand for the other rises (and conversely).
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