AGBE 3304 Exam 1 Questions & Answers 2024/2025
Global Agri-food System (Input Suppliers) - ANSWERSSell inputs like feed or fertilizer
Global Agri-food System (Producers) - ANSWERSFirms that purchase items
Global Agri-Food System (Processors) - ANSWERSBuy ag commodities from farmers and r...
Global Agri-food System (Input Suppliers) - ANSWERSSell inputs like feed or fertilizer
Global Agri-food System (Producers) - ANSWERSFirms that purchase items
Global Agri-Food System (Processors) - ANSWERSBuy ag commodities from farmers and ranchers
Global AFS (Input) - ANSWERSGMOs
High Yielding Varieties
Fert. Production Capactity
Global AFS (Production) - ANSWERSSince 1950 number of farms has decreased by two-thirds
Farm Size has doubled
Productivity - ANSWERSSame level of input produces 3x as much output
Kinsey's Hierarchy - ANSWERSTop- Status and Causes
Living Well
Promoting Health
Convenience
Tastes Good and Variety
Nutritious, Safe and Affordable
The Agribusiness Manager (3Es) - ANSWERSEfficient
Effective
, Enhance Economic Well Being
The Agribusiness Manager (Efficient) - ANSWERSDo things well
Return on Invested Capitol
The Agribusiness Manager (Effective) - ANSWERSDo the right things
Provide Value to the customers
The Agribusiness Manager (Enhance Economic Well Being) - ANSWERSCustomers
Employees
Investors
4 Functions of Management - ANSWERSPlanning
Directing/Adjusting
Organizing/Implement
Controlling
Functions of Management (Planning Definition) - ANSWERSPut the firm in the best possible position
relative to future business conditions and customer demands
Starts with developing a marketing plan
Functions of Management (Planning) - ANSWERSStrategic-Course of Action
Tactical- Short-term plans
Contingency
SWOT analysis - ANSWERSExamines both internal and external factors of an organization to better
prepare and manage
Role Of Marketing (Middlemen) - ANSWERSEconomies of Specialization
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