YEAR 9 FIRST TERM PRICING OF AGRICULTURAL PRODUCTS

What refers to the cost required to gain possession of something?

• Price

• Pricing

• Selling

• Marketing

The amount that both the buyer and the seller agree to exchange the product is referred to as _______

• Oligopolistic marketing

• Monopolistic pricing

• Utility balancing

• Price of agricultural produce

The process of placing a price on different harvested farm produce that will suit the customers and fetch higher income for the farmer is CALLED

• Advertisement

• Grading

• Marketing

• Pricing

To determine the price for your product, it is important to use your cost of production as your base. Therefore, you must know your production cost so a selling price can be established.

What type of price determinant does the statement above agree to?

• Cost of production

• Government policies

• Cost of transportation

• Quality of produce

The greater the quantity produced, the less the unit selling price of farm produce. The statement above is in agreement with what determinant of the price of agricultural products?

• Quality of produce

• Quantity of produce

• Season of production

• Number of producers

When the price of oil and gas is higher, it costs more to transport produce from the farm to the store.

What price determinant does the statement above represent?

• Advertisement cost

• Transportation cost

• Market forces

• Government policies

Farm products are cheaper during harvest seasons and they become expensive during off-seasons.

What price determinant does the statement above submit to?

• Taxation method

• Season of production

• Cost of production

• Effects of natural disaster

A type of market where there is only one major supplier of goods and services is CALLED a(n) _______

• International market

• Monopoly market

• Village market

• Duopoly market

A market structure where there are two major suppliers of goods is CALLED

• Duopoly market

• Oligopoly market

• Supermarket

• Fruits market

Which of the following Southern states is your Agricultural Science teacher from?

• Cross River

• Delta

• Bayelsa

• Edo