Agec 101 uwrf - Study guides, Class notes & Summaries

Which of the following parts of the SWOT analysis are internal to the business? A. Strengths B. Weaknesses C. Opportunities D. Threats - Answer-A and B. Strengths and Weaknesses The Law of Demand states: A. There us a direct relationship between price and quantity demanded B. There is an inverse relationship between price and quantity demanded. C. There is no relationship between price and quantity demanded D. The law of Diminishing Marginal Utility holds - Answer-B. There is an inverse...

What are the six parts of the global agri-food system? - Answer-Food distributors, food manufacturers, commodity processors, producers, input suppliers and food retailers Which of the following is an example of a commodity? A. Pasta B. Flour C. Bread D. Wheat - Answer-D. Wheat T/F The study of agriculture only pertains to farm activities - Answer-False T/F Farm Labor accounts for 1% of the nations GDP - Answer-True The number of farms in the U.S has been increasing over the last century...