Questions for Marchant's Exam1 in VT AG MARKETING
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| show | 30%
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| show | Supply curve
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| show | Margin
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| show | Principle of Comparative Advantage
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| show | Cattle and calves
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| The port of VA is within a days drive of how many people? | show 🗑
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| show | ethanol
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| The # of VA agribusinesses that are in VA fortune 500 companies? | show 🗑
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| This is the average farm size in VA: | show 🗑
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| Buying will increase as price decreases = | show 🗑
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| What do family, storage, and transportation add to a product? | show 🗑
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| What are agribusinesses with product differentiation and low farm component? | show 🗑
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| To continue feeding the world, farmers will need to increase food production by ___ by 2025: | show 🗑
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| What is the global population? | show 🗑
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| What is the #1 commodity produced in VA? | show 🗑
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| What is a product that reduces the amount of time, effort, etc.... | show 🗑
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| show | Push marketing
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| This is the $ amount of sales that Ag in VA totals: | show 🗑
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| What is the approach that studies individuals, agencies, and businesses that perform the marketing process? | show 🗑
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| What are the two flows of of marketing? | show 🗑
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| As you make more money, the proportion of food expenditures to income becomes smaller: | show 🗑
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| show | Differentiated product
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| show | Biological lag
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| What is the average U.S. farm size? | show 🗑
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| What are the 5 levels of Maslow's Hierarchy? | show 🗑
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| List 3 reasons for value added trade growth: | show 🗑
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| What are the three marketing functions? | show 🗑
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| show | Functional Approach
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| show | Behavioral Approach
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| The performance of business activities that direct the forward flow of goods and services to customers and that accomplish the farmer's or the firm's objective: | show 🗑
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| This may involve buying, assembling, storing, financing, and transporting: | show 🗑
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| show | derived demand
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| show | 59.5
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| show | 17%
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| What percentage of farms in VA are owned by families/individuals? | show 🗑
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| What are the top 5 commodities of VA Ag? | show 🗑
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| What percentage of farms produce 90% of the Ag products in the US? | show 🗑
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| Name five Fortune 500 companies: | show 🗑
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| _______ of the Fortune 500 companies are Agribusiness companies: | show 🗑
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| The portion of food expenditures associated with the activities of firms beyond the farmgate is known as: | show 🗑
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| show | marketing channel stages
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| What is the order of the marketing channel stages? | show 🗑
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| show | value-added
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| show | Place, form, time, and possession
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| The sellers; trying to pull consumers in is known as what? | show 🗑
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| show | Push marketing
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| show | 3rd
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| show | Crop: corn and soybeans
Livestock: Cattle and calves
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| show | rivalry between firms at the same market level
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| show | bargaining relationships between buyers and sellers of food and how the consumer's food dollar is divided.
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| show | Monopolistic
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| This type of competition has a large number of sellers, a homogeneous product nature, a horizontal demand curve (price taker), entry/exit is easy, it competes on cost, and market strategies include level and timing of sales: | show 🗑
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| What do farmers compete on and what do they not compete on? | show 🗑
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| What are the four P's? | show 🗑
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| show | Exchange, physical, and facilitating
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| show | Storage, transportation, and processing/packaging
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| show | Place
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| show | Time
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| show | Form
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| What utility does the advertising function offer? | show 🗑
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| What is the sorting of unlike lots of same product into uniform categories, according to quality standards? | show 🗑
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| These are agribusinesses with none or weak product differentiation and high "farm" component (commodity handling). | show 🗑
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| These are agribusinesses with product differentiation and low "farm" component (product marketing) | show 🗑
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| show | a set of firms that move a commodity from the farm to the consumer
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| A measure of the total output produced in an industry by a given number of firms in the industry is known as: | show 🗑
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| show | 1,000
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| show | 300
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| A company that must accept the prevailing prices in the market of its products, its own transactions being unable to affect the market price is a: | show 🗑
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| show | farm to retail spread
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