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Agribusiness 101
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Agribusiness 101

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Questions and Answers

What is the primary goal of agribusiness?

  • Minimize costs and maximize profit
  • Maximize profit and consumer needs (correct)
  • Maximize productivity of land, labor, and capital
  • Maximize profit and minimize consumer needs

    • What are the key factors for successful agricultural businesses?

  • Cost-efficiency and unfavorable environments
  • High costs and unfavorable environments
  • High costs and favorable environments
  • Cost-efficiency and favorable environments (correct)

    • Agribusiness is limited to farming.

  • True
  • False (correct)

    • What elements does the agribusiness system include?

    <p>All of these</p> Signup and view all the answers

    What other names does agribusiness go by?

    <p>Both of these</p> Signup and view all the answers

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