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What determines the cost of food ? Food in Europe Comenius group no. 3 – Grzegorz Rybak, Paulina Swietochowska, Danijela Grubisic, Martina Abbondio, Eda Sancer, Davide Checcucci, Filip Jurek
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What does “cost” mean ? Cost is an amount of money that we have to pay to get something. Cost means value of some products or service.
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How is the cost of Production Determined ? Mostly, the production cost is connected with technology of machines. If machine is not effective price grows.
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What determines the cost of food? Producer Seller Government Technology, development
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Producer The cost of transportation, The cost of production, Feeding of animals in the farms, The quality of food
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Seller The cost of transportation, Rarity of product around the world, The quality of food, The popularity of the product in each country
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What Determines the Price of a Food Items at the Grocery Store ? The amount of money it takes to manufacture the package. How much demand there is for that product? How much supply the distributor can provide? The employers wages.
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Government Taxes Inflation Import/export
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Technology,development Technological development The increase in the cost of goods needed to produce especially energy and fertilizer Agro fuels
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Links http://www.answers.com/Q/What_determines_the_price _of_a_food_item_at_the_grocery_store http://www.businessdictionary.com/definition/cost.html#ix zz3EI8oMGsH http://bismarcktribune.com/business/local/what- determines-food-prices/article_1348dbe8-cd2f-11e1- b02b-0019bb2963f4.html http://amarillo.com/news/local-news/2012-08-03/several- factors-determine-food-prices-grocery-stores
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