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Ag Business Flashcards | StudBud
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Ag Business
Ag Business
25 terms
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Questions
25
Answers
1
What is an export?
Facilities/labor that is ready for use
Requirement for product production
Manufacture
Sending product out of the country
2
money invested in agribusiness by an investor
venture capital
marketing
3
One enterprise interfers with another
Law of demand
Organizing
Finance
Competitive Enterprise
4
understanding how and why a product or service is appropriate for the customer
product knowledge
patronage
5
brief summary of the goals and objectives of an agribusiness
mission statement
venture capital
6
2 enterprises are independent, but one provides income to the other
capital
complementary enterprise
7
area of management involving recruitment, selection, and training of personnel
staffing
resource
input
8
product improved through processing or manufacturing
scarcity
value added
9
management of all fiscal transactions
marketing
finance
10
Define equilibrium pricing
price which the quantity supplied equals quantity demand
value of worth placed on item
11
One enterprise provides inputs for another
Supplementary Enterprise
Capital
Law of Demand
12
What is a Input?
Manufacture
What is put in to make something
Desire
13
Additional cost of each unit of input
Finance
Organizing
Capital
Marginal Cost
14
combining people and resources to accomplish business plan
marginal cost
organizing
15
facilities/labor that are ready for use
capital
Law of supply
16
activities provided for a fee to consumers
services
limited liability
17
customer with this buying motive will buy from only one place
patronage
buying motive
18
What is an output?
Price is lowered, more product available
Management of fiscal transactions
Amount that is produced
19
distribution, pricing, advertising of goods
marketing
finance
20
Price is lowered, more product purchased
Finance
Law of supply
Law of demand
Organizing
21
What is an import?
Amount that is produced
Something brought into the country
What is put in to make product
22
Define agribusiness
Facilities/labor ready for use
Management of all fiscal transactions
Manufacture/distribution of farm supplies to producers
23
Price is lowered, less product is supplied
Finance
Law of demand
Organizing
Law of supply
24
Define Finances
Management of all fiscal transactions within business
Price at which quantity supplied
25
conceptual presentation of areas of responsibility within a business
MARKETING
ORGANIZATIONAL CHART
