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AGEC 340 TAMU test 1 Graded A+
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AGEC 340 TAMU test 1
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AGEC 340 TAMU test 1Every managers goal - answerMaximize the long-run profits of the firm by satisfying
customer's needs
Key functions of management - answerMarketing
Financial
Supply chain
Human resources
Marketing managment - answerDrive the actions of the company
know your attendance
financial management - answergenerating the data needed to make a good decision
activities in the marketing department - answerSelling
Advertising
Promotions
Market research
New product development
Customer service
Pricing
Financial Managment tools - answerBudgeting
Ratio analysis
Financial Forecasting
Breakeven analysis
Supply chain management goals - answerPush for Quality
Drive to lower costs
Changes in the supply chain
Be more efficient in meeting consumers demands
, Human resources focus - answerOrganizational structure
Finding and hiring people
Compensation
Evaluation of performance
Unique Dimensions of Agribusiness* - answerFood as a product:
Biological nature of production agriculture:
Seasonality:
Weather:
Types of firms:
Variety of market conditions:
Rural ties:
Government intervention:
Is it cheaper to ship raw or finished product? - answerFinished/ processed
Sectors the food system - answerFood sector
Production Agriculture sector
Input supply sector
Sector of the food system - answerFood Sector
Production Agriculture sector
Input supply sector
Attributes of an agribusiness manager - answerTechnically knowledgeable about their
product.
Effective communicator
Ability to motivate people
Proficient in the technical skills of management.
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