Business Studies Multiple Choice Question – 5 October 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Business Studies
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A global think-tank predicts a world population of over 9 billion people by 2050.

This will require a 70% increase over the current global food production to be able to feed everyone.

Which one of the following options is a direct factor in the supply of food? 

Select ONE answer:

  1. Changing tastes and fashions
  2. Growth in disposable income
  3. Advertising to consumers
  4. Levels of technology

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct – changes in tastes and fashion directly affects the kind of food consumed and not the availability.
  2. Not correct – growth in disposable incomes affects the consumers’ ability to buy different kinds of food and different amounts.
  3. Not correct – advertising to consumers affects their desires for particular types of goods and services leading to changes in demand not supply.
  4. Correct – Supply is the amount a producer is willing and able to supply at a given price in a given time period. Technology can be used to increase the quantity or quality of a product supplied.  For example, the increasing use of genetically modified food to increase crop yields is a use of technology in food production.

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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