Overview of Agribusiness Unit one: Overview of Agribusiness and possible careers in the industry alexandra_lacyy published on September 07, 2016 Stacked 1/10 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 2/10 Four untilities to agrimarketing include, Form, Production, Place, Time Form, Posession, Time, Place Product, Price, Place, Form 3/10 Price=marginal cost=? Revenue efficiency Allocative efficiency Production efficiency 4/10 What are the three sectors of agribusiness? Input, Output, Median Supply, Demand, Quality Input, Production, Marketing 5/10 If supply and demand increase, what happens to the price? Increases Remains the same Decreases 6/10 Five approaches to agribusiness include Production, product, time, selling, marketing Product, production, selling, marketing, societal marketing Place, time, form, marketing, selling 7/10 Intellectual property means? Type answer. Hint: 28 characters 8/10 What is equilibrium? Type answer. Hint: 28 characters 9/10 Five elements of agribusiness (five p's) Product, place, price, promotion, people Posession, place, people, price, promotion Product, place, production, possession, promotion 10/10 Price=minimum average cost=? Allocative efficiency Production efficiency Demand efficiency