How does the relative distance traveled by food products impact the Research Paper

How does the relative distance traveled by food products impact the price of those food products - Research Paper Example The research includes related literature. David Kault stated: â€Å"When it is not feasible to measure all the individuals in which we are interested, we measure a selection of them. Usually the selection is a small or infinitesimal fraction of the number of individuals in which we are interested. In the case of women's heights, we would measure a small selection of women. The statistical term used here is that we take a ‘sample’ from the population†. Patrick Westhoff emphasized the cost of transportation is one important factor affecting food prices of competing products. For example, soybeans that are harvested in Illinois are priced lower than imported European soybeans because it is cheaper to ship the soybeans through the Mississippi river compared to shipping the soybeans through the wide expanse of the Atlantic Ocean. From 2004 to 2006, soybeans were sold at an average of $202 per metric ton in the markets central Illinois. On the other hand, the soybeans t hat were imported from Netherlands were sold at the higher $261 per metric ton in Illinois. The difference in the food price per metric ton is due to the increase in the transportation fuel prices. In addition, Moshe Milevsky reiterated fuel costs directly affect the prices of food products. In high income nations, including the United States, the consumer’s average food money is allocated for the reimbursement of the store’s expenses.... The three competing food stores are Wal-Mart food store, Netgrocer food store, and Netfoodex.Com food store. Research assignment The research includes related literature. David Kault (Kault, 2003) stated: â€Å"When it is not feasible to measure all the individuals in which we are interested, we measure a selection of them. Usually the selection is a small or infinitesimal fraction of the number of individuals in which we are interested. In the case of women's heights, we would measure a small selection of women. The statistical term used here is that we take a ‘sample’ from the population†. Patrick Westhoff (Westhoff, 2010) emphasized the cost of transportation is one important factor affecting food prices of competing products. For example, soybeans that are harvested in Illinois are priced lower than imported European soybeans because it is cheaper to ship the soybeans through the Mississippi river compared to shipping the soybeans through the wide expanse of t he Atlantic Ocean. From 2004 to 2006, soybeans were sold at an average of $202 per metric ton in the markets central Illinois. On the other hand, the soybeans that were imported from Netherlands were sold at the higher $261 per metric ton in Illinois. The difference in the food price per metric ton is due to the increase in the transportation fuel prices. In addition, Moshe Milevsky (2010) reiterated fuel costs directly affect the prices of food products. In high income nations, including the United States, the consumer’s average food money is allocated for the reimbursement of the store’s expenses. The expenses include the cost of transporting the goods from the farm to the entity’s store