U4L11 Agricultural Business Models

What type of agricultural enterprise is typically family-owned and focuses on niche markets or specialty products?

• Multinational

• Cooperative

• Small Business

• Corporate

Which agricultural enterprise allows individuals to operate under a recognized brand while following established business models?

• Franchise

• Share Farming

• Contract Farming

• Cooperative

What is a primary advantage of small businesses in agriculture, characterized by personalized service and strong community engagement?

• Limited flexibility

• High initial costs

• Personalized service

• Market domination

What is a significant disadvantage of small agricultural businesses, which may lead to vulnerability in market fluctuations?

• Ability to adapt quickly

• Strong community support

• Limited resources

• Personalized marketing

In which agricultural enterprise do farmers pool resources to achieve better pricing on inputs and marketing of their products?

• Corporation

• Cooperative

• Franchise

• Multinational

What is a disadvantage of cooperatives, which are formed by groups of farmers to share resources?

• Shared resources

• Collective bargaining power

• Decision-making challenges

• Profit sharing

Which type of agricultural enterprise often operates large-scale and invests in advanced technologies and research?

• Corporate

• Small Business

• Franchise

• Share Farming

What is a potential drawback of multinational agricultural companies that operate in multiple countries?

• Access to technology

• Market dominance

• Global market access

• Investment in innovation

What is a common characteristic of corporate farms that focus on high-volume production?

• Personal touch with the community

• High levels of local investment

• Economies of scale

• Limited production capacity

Which agricultural enterprise model, involving a landowner and a farmer, allows access to land without significant capital investment?

• Franchise

• Share Farming

• Cooperative

• Corporate