Overview of Agribusiness Unit one: Overview of Agribusiness and possible careers in the industry alexandra_lacyy published on September 07, 20161 response 0 5.0★ / 5 Questions in vertical order What are the three sectors of agribusiness? Input, Output, Median Supply, Demand, Quality Input, Production, Marketing What is the definition of agribusiness? The study of marketing principles in the agriculture industry An economic system that is involved in providing agricultural products Set of different elements put together to form a process of progression If supply and demand increase, what happens to the price? Increases Remains the same Decreases Intellectual property means? Type answer (28 letters) Price=marginal cost=? Revenue efficiency Allocative efficiency Production efficiency Four untilities to agrimarketing include, Form, Production, Place, Time Form, Posession, Time, Place Product, Price, Place, Form Price=minimum average cost=? Allocative efficiency Production efficiency Demand efficiency Five elements of agribusiness (five p's) Product, place, price, promotion, people Posession, place, people, price, promotion Product, place, production, possession, promotion Five approaches to agribusiness include Production, product, time, selling, marketing Product, production, selling, marketing, societal marketing Place, time, form, marketing, selling What is equilibrium? Type answer (28 letters)
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