MindTap, Chapter 2 Video Case: Theo Chocolate

Which of the following is NOT one of the elements of the "triple bottom line?" A. People B. Production C. Profit D. Planet

B. Production

According to the video, producers of cocoa have a hard time negotiating with chocolate manufacturers because: A. Of international laws restricting the flow of cocoa across borders. B. Cocoa is highly perishable and cannot be held back until market conditions improve. C. The barriers to entry are high in chocolate manufacturing—there are only about 12 producers—making it difficult for farmers to negotiate on price. D. Commodity price fluctuations make risk hedging difficult for farmers.

C. The barriers to entry are high in chocolate manufacturing—there are only about 12 producers—making it difficult for farmers to negotiate on price.

The fair trade practices used by Theo Chocolate help raise the price paid to farmers by: A. Forcing chocolate producers to pay a minimum amount for cocoa. B. Unionizing cocoa farmers. C. Teaching farmers how to manage finances better. D. Providing a transparent negotiating system that enables farmers to increase the quality of their product.

D. Providing a transparent negotiating system that enables farmers to increase the quality of their product.