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WorksheetsAgribusiness-Management & Price, Supply & Demand
Total questions: 18
Worksheet time: 6mins
An enterprise which derives a significant portion of its revenue.
Agribusiness
Business Mangement
Business
Agricultural Services
Develop products for distribution from raw goods, such as forestry, farming & mining
Producers
Processors
Intermediaries
Service Firms
Change raw goods into a more finished form using facilities such as cotton mils, oil refineries, textile mills
Processors
Producers
Manufacturers
Intermediaries
Change raw or processed goods using facilities such as boot factories, furniture factories, cotton processing and citrus fruit processing
Producers
Processors
Manufacturers
Intermediaries
Move finished goods from one business to another, also known as the "middlemen"
Processors
Manufacturers
Producers
Intermediaries
Provide intangible goods to consumers and other businesses
Intermediaries
Service firms
Intangible good
Agricultural Co-op
A good which cannot be physically touched; usually involving a service, such as going to the doctor
Manufactured good
Intangible good
Tangible good
Processed good
Organization in which agriculturalists bring together their resources in a specific area of activity
Non-Profit Organizations
Service Firms
Agricultural Co-ops
Ag businesses
Provides goods and services to individuals and operates on donations, volunteers, and philanthropists
Non-Profit Organizations
Service Firms
Agricultural Co-ops
Ag businesses
Encourages appropriate standards of conservation, restoration management and the proper use of soil, water and natural resources
National Cattlemen's Beef Association
Farm Bureaus
National Pork Producers Council
The Association of Soil and Water Conservation Districts
Enhances profit opportunities for cattle & beef producers by increasing business and creating consumer demand
National Cattlemen's Beef Association
Farm Bureaus
National Pork Producers Council
The Association of Soil and Water Conservation Districts
Supports the members management of the financial risks of everyday life and successfully recover from any insured loss
National Cattlemen's Beef Association
Farm Bureaus
National Pork Producers Council
The Association of Soil and Water Conservation Districts
Increases opportunities for the success of US pork producers and other industry stakeholders
National Cattlemen's Beef Association
Farm Bureaus
National Pork Producers Council
The Association of Soil and Water Conservation Districts
Which of the following is NOT a factor that price is determined by?
Supply of the item
Demand of the item
Time the item has been manufactured
General price level
The quantity of a product that is available to buyers at a given time
Supply
Credit
Demand
Economics
Which of the following is NOT a factor that influences the supply of products?
Weather
Ability to buy items needed to produce that product
Cost & availability of credit
Quantity of delivery trucks
Defined as the quantity of a product that buyers will purchase at a specific given price at a given time
Supply
Demand
Quantity
Service
Which of the following is NOT a factor that affects demand?
Desire to purchase
Weather
Quantity available and price
Population growth
