L2 Agribusiness and Future Proofing Quiz

What does future proofing mean?

• Staying the same forever

• Living in the present only

• Adapting to changes for the future

• Ignoring future challenges

What is the main focus of agribusiness in New Zealand?

• Building construction projects

• Providing healthcare services

• Manufacturing electronics

• Farming and related activities

What does business viability refer to?

• Lack of customer satisfaction

• Stagnation and decline

• Ability to operate and grow

• Ignoring market trends

Why is future proofing important for agribusiness?

• To ensure long-term success

• To ignore technological advancements

• To avoid current challenges

• To focus only on short-term gains

What is the STEEPLE analysis used for in businesses?

• Predict stock market trends

• Analyze internal conflicts

• Create marketing campaigns

• Assess external factors

Which of the following is a future proofing influence on businesses?

• Technological advancements

• Historical events

• Personal preferences

• Geographical locations

What is the Maori agribusiness viability perspective focused on?

• Sustainability and cultural integrity

• Short-term profits only

• Ignoring community engagement

• Rapid expansion at any cost

What is the funnel effect in New Zealand agribusiness related to?

• Consolidation and specialisation

• Lack of market access

• Random business decisions

• Uncontrolled growth

How does the growth of CherryCorp demonstrate the funnel effect?

• Stagnation and decline

• Diversification and decentralization

• Consolidation and specialisation

• No impact on the market

What are some examples of megatrends influencing agribusiness?

• Increased use of plastic

• Decreased focus on technology

• Consumers caring about food sources

• Lack of concern for sustainability