Which of the following explains why agricultural commodities are often processed?

• The processing phase ensures that there are safe foods on the market.
• The concept of processing decreases the amount of waste from commodities.
• Processing commodities makes them easier for individual consumers to use.
• Making commodities processed allows more people to handle the good.

Select the methods the Coca-Cola company should have taken before launching New Coke.

• consult other beverage companies for ideas
• making a YouTube video explaining the change
• market New Coke in catalogues
• gather sample feedback on the new product
• making a test market in one city

Argue why vertical integration is necessary for Jim in the following scenario.

Situation: Jim Smith owns a small ranch and independently sells his corn crop to food producers. His best client did not renew his contract and went with a different farmer because the other farmer offered a lower price than Jim did.

Explain why the product described in the following scenario did not succeed.

Situation: Jim's Pizza Kitchen has been a hometown fixture in Toledo, Ohio, since 1957 when it opened. Customers wait more than an hour for their city deep-dish pizza to be served. When a baseball stadium was built in the area, customers from out of town began complaining of the long wait and making comments on online restaurant ratings. To soothe these complaints, Jim decided to expand his menu and offer a traditional crust pizza. Outraged, Toledoans scolded Jim publicly for what they called "selling out."

Which option identifies the product development phase represented in the following scenario?

Alana attends a development meeting and brings a spreadsheet of necessary resources and potential vendors to use for production.