Exam Agribusiness For Ap

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Date: __________

Wolaita Sodo AVET College

Department of Basic Science Time allowed: 30 Mns

Implement Agribusiness marketing

Summative Exam

Name: ______________________ Id.No:______Department:_______Section______


Part I: choose the best answer and encircle the letter of your choice

1. Which one of the following is NOT true about marketing functions?


A. It is identical with business activities
B. It involves in the movement of goods from the producer to consumer
C. Risk-taking is one of the facilitating functions of marketing
D. Processing is one of the facilitating functions of marketing
2. Which one of the following types of contact farming specifies the manner in which the
commodity is to be grown, such as the planting density, use of pesticides, and timing of harvest?
A. Resource providing contract B. Product management contract C. Marketing contract D. All
3. Which one of the following is NOT true about marketing plan?
A. It is an operational document
B. It is developed after starting business activities
C. It consists of not only marketing strategy but also an action plan.
D. It is your road map for achieving your marketing goals.
4. Which of the following types of market structure occurs when there are a large number of
small companies competing against each other?
A. Oligopoly B. Monopoly C. Perfect Competition D. Monopolistic competition
5. Which one is usually entirely used up in the annual production cycle?
A. Fixed resources B. Short-term or variable C. operational resources D.B&C
6. An agreement between farmers and marketing firms for the production and supply of
agricultural products under forward agreements, frequently at predetermined prices is____
A. Contract farming B. Contract Farming Requirement
C. Contract farming systems D. Agricultural products
7. Among models of contract farming, which one include trader-farmer arrangements whereby
the trader buys up (part of) the farmers' harvest before the actual harvest has taken place?
A. Intermediary model B. Informal model C. Multipartite models D. Centralized model
8. Which of the following is/are about characteristics of agribusiness?
A. Seasonality B. Vagaries of nature C. Diverse nature of business D. All
9. One of the following is NOT among the ways of Collecting Customer Feedback.
A. Reporting B. Talking to Customers C. Customer Incentives D. Survey Organizations
10. Among following four types of utilities of the product, which one is changing the raw
material into a finished form?
A. Form utility B. Place utility C. Time utility D. Possession utility
Part II. Matching.
Match items under column “A” with items in column “B”.
No “A” “B”
:
1. Needs A The state of felt deprivation of some basic
satisfaction
2. Wants B. Wants which are supported by ability and
willingness to buy
3. Demand C. Overall capacity of product to satisfy need and
want.
4. Product D. A bundle of satisfaction, physical and
psychological
5. Utility E. Desire for specific satisfiers to meet specific
need

Part III: Workout


Assume that you are planning to produce milk and, you have 10 dairy cows. Additionally, you
require labor, feed, medicine and health services. The summarized costs and benefits of dairy
production are specified in Ethiopian birr (ETB) as follows;
Costs of maize Amount(ETB Benefits of maize Amount(ETB)
)
Feed cost 450,000 Benefit from the sale of milk 2,700,000
Labor cost 70,000 Benefit from the sale of cow 15,000
dung
Health and 10,000
medication costs
Total cost _______ Total benefit _______
Answer the following questions, based on the information given in above table:

A. Estimate total costs and benefits of the dairy production

B. Calculate cost-benefit ratio

C. Interpret the results.

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