The 1990 Farm Act Resulted in All of the Following

question 46

Multiple Choice

The 1990 Farm Act resulted in all of the following except

• A) A reduction in the target prices for farm products.
• B) A reduction in the amount of set-aside acreage.
• C) More market surpluses being sold rather than stored in government warehouses.
• D) An increase in government purchases of surpluses.

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Definitions:

Self-service Approach

A business model that enables customers to access services and perform tasks without direct assistance from staff.

Narrow, Deep Assortment

Strategy that involves stocking a lot of different items within a single product category.

Quick Response

A strategy or system aimed at increasing efficiency and reducing response times, often used in supply chain management and manufacturing.

Just-in-time Delivery

A supply chain management strategy aimed at reducing inventory costs by receiving goods only as they are needed in the production process.