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true or false questions 1) Developing countries will represent most of the future global demand for meat products 2) Basis narrows at harvest time. 3)

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1) Developing countries will represent most of the future global demand for meat products 2) "Basis" narrows at harvest time. 3) "Futures Price" is today's price for products to be delivered in the future. 4)) In a "Mature" market for food (like the US) most of the increase in total food consumption comes from population growth. 5) Hedgers are traders who attempt to profit from future price movements but have neither the capability nor the interest in taking or making delivery at contract maturity 6). Bears are futures traders who think that prices will decline, so they go "short" 7) If the US Seuro exchange goes from 1.10 S/euro to 1.205/euro, the US S became stronger 8) Five Rivers is a company belonging to JBS 9) Checkoff fees are lump-sum payments made by manufactures to retailers in order to stock a new product 10) The FOUR Ps of Modern Marketing are Product, Price, Place, and Profit 11) In the retail industry, SKU stands for Stock Keeping Unit 12) Slotting Fee is the assessment amount of money) collected from producers by their organizations to support generic promotional programs like "got milk" 13) Income is a Supply shifter. S R

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