The Davis Family's Organic Vegetable Farm: Factors Affecting Profit
The Davis family grows organic vegetables to sell at a local farmer's market.
B. A rise in demand for organic produce
C. An increase in customers at the market
D. A change in the market price for non-organic fruit
E. A sale on organic meats at the market
Factors that directly affect the profit of the Davis family growing organic vegetables to sell at a local farmer's market are:
- A rise in demand for organic produce.
- An increase in customers at the market.
Therefore, the correct options are:
- A rise in demand for organic produce.
- An increase in customers at the market.
Final answer:
Factors directly affecting the Davis family's profit from their organic vegetables include an increase in farming equipment costs, a rise in demand for organic produce, and an increase in customers at the market. Changes in prices or sales of unrelated products like non-organic fruit or organic meats do not directly affect their profit.
Explanation:
The factors that directly affect the Davis family's profit from their organic vegetables sold at a local farmer's market include various elements that impact their costs, demand, and customer base. These encompass:
- An increase in the cost of farm equipment - if the cost of the tools and machinery necessary for farming increases, this escalates the Davis family's expenses, therefore reducing their profit.
- A rise in demand for organic produce - an increase in the demand for organic vegetables would lead to more sales and higher profits.
- An increase in customers at the market - more customers present at the market logically implies a potential increase in sales and thus, profits.
The Davis family grows organic vegetables to sell at a local farmer's market. Which are factors that directly affect their profit? Check all that apply.
Factors directly affecting the Davis family's profit from their organic vegetables include an increase in farming equipment costs, a rise in demand for organic produce, and an increase in customers at the market. Changes in prices or sales of unrelated products like non-organic fruit or organic meats do not directly affect their profit.