Describe market fluctuations and their effects on product cost.

Description should include how supply and demand affect product availability and cost.

Process/Skill Questions:

Thinking

• What causes market fluctuations?
• How do supply and demand affect ingredient price?
• How can the weather and other natural occurrences affect product cost?
• How do seasons affect product cost?

Communication

• What is the concept of supply and demand?

Leadership

• How can food establishments counter the effects of market fluctuations in menu planning?

Management

• What management techniques can address the effects of market fluctuations on product cost?
• How can health issues related to the food supply affect product cost?
• How can national dietary trends affect product cost?

Teacher Resource:

Economic Research Service (ERS) Links to an external site., USDA