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AGBE 3302 Exam 2 Questions & Answers 2024/2025
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AGBE 3302 Exam 2 Questions & Answers 2024/2025
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AGBE 3302 Exam 2 Questions &Answers 2024/2025
types of transportation (price low to high) - ANSWERSbarges, railroads(accessible), trucks (accessible), air
organized markets - ANSWERSorganized to give buyers and sellers access to each other. free and
vigorous competition. also known as public markets. Can be electronic. (Chicago Mercantile Exchange)
top 4 countries providing ag imports for US - ANSWERSCanada, China, Mexico, Japan, European Union-
28
top 4 countries providing markets for US - ANSWERSMexico, Canada, European Union-28, China,
Indonesia
government price setting - ANSWERSprice ceiling rare; price supports more common
working inventory - ANSWERSminimum amount of inventory needed for normal
manufacturing/operation
marketing year - ANSWERS12 mo between harvests of an annual crop
carry over - ANSWERSvolume of inventory left at the end of the marketing year
grading contributes to - ANSWERSoperational and pricing efficiency
brands vs grading - ANSWERSbrands identify the product and quality with manufacturer and seller.
grades identify a particular quality with the product regardless of seller
vertical integration - ANSWERSownership of contiguous stages in the marketing channel (JBS)
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