ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Increase of currency
|
|
|
Uses of latest technology
|
|
|
Global Halal Standard
|
|
|
None of the above
|
Detailed explanation-1: -As the world’s population continues to grow, the demand for convenience food is also growing at a rapid rate. Globally, rising living standards, improving lifestyles, and rising disposable incomes are the primary reasons driving the global halal food market forward in the near future.
Detailed explanation-2: -As the Muslim population is expected to grow twice as fast as the world population and reach 3 billion, about 31.10 per cent of the global population, by 2060, the halal market is expected to grow. Moreover, halal is increasingly tied to tayyib, which means clean and pure in Arabic.
Detailed explanation-3: -The halal food market size is expected to grow to $2, 583.18 billion in 2027 at a CAGR of 14.5%. The rising Muslim population across the world is significantly contributing to the growth of the halal food market. The Muslim population is a community of Islamic people who practice Islam.