Exam (elaborations)
AGEC 340 : Exam 1 questions and answers | 2024 | 2025 with 100% Guaranteed Success | Rated A+
- Course
- Institution
AGEC 340 : Exam 1 questions and answers | 2024 | 2025 with 100% Guaranteed Success | Rated A+
[Show more]
Seller
Follow
ACTUALSTUDY
Reviews received
Content preview
AGEC 340: Exam 11. Identify problem
2. Determine alternative courses
3. Analyze alternatives
4. Select best alternative
5. Implement decision
6. Follow up - correct answer-6 Steps of Decision Making
1. Ownership separation
2. Time separation
3. Space separation
4. Value separation
5. Info separation - correct answer-5 Barriers to Consumer Satisfaction
Agribusiness Manager's Goal - correct answer-maximize the long-run profits of the firm by
profitably satisfying customers' needs
Assesses how the accomplishment of the marketing plan's purpose and objective will allow
the firm to achieve its financial objectives - correct answer-Budgetting
Budget - correct answer-financial plan of management's realistic expectations for the
business's future
Buying & Selling Function
Storage Function
Transportation Function
Processing Function
Facilitating Function
Grades & Standards Function - correct answer-9 Marketing Functions
Buying & Selling Function - correct answer-overcome the separation of ownership by
transferring legal title of the product from the seller to buyer
Capital Expenditure Budget - correct answer-summarizes plant, property and equipment
expenses for next period
Cash Flow Budget - correct answer-summarizes amount and timing of cash in and out of
business for next period
Contingency Planning - correct answer-preparation for the unexpected
Converts the plans into reality - correct answer-Organizing
Efficiency - correct answer-how efficiently goods and services flow from producers to
consumers
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACTUALSTUDY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83100 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now