A Decrease in the Demand for Pastry Chefs May Come

question 214

Multiple Choice

A decrease in the demand for pastry chefs may come about because of an increase in the:

• A)concern for healthy living.
• B)market wage rate for pastry chefs.
• C)productivity of pastry chefs.
• D)supply of other factors that pastry chefs use.

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Definitions:

Paid

The act of transferring money or compensation for services rendered or goods received.

Trade Discount

A reduction from the list price granted by a seller to a buyer in the commercial marketplace, often based on volume or trade status.

Net Price

The price of a good or service after deductions such as discounts, rebates, and allowances have been taken into account.

List Price

The manufacturer's suggested retail price (MSRP) or the price at which a product is intended to be sold before any discounts or promotions.