Agec 333 final - Study guides, Class notes & Summaries

AGEC 333 Final Actual Exam Questions and CORRECT Answers A price taker is one who has little say over establishing an asking price - CORRECT ANSWER- True Storage, transportation, and financing are facilitating functions of marketing - CORRECT ANSWER- False Farmer's marketing programs are typically not as strong as the procurement programs of their buyers - CORRECT ANSWER- True

AGEC 333 Final UPDATED Actual Exam Questions and CORRECT Answers 1. A price taker is one who has little say over establishing an asking price. - CORRECT ANSWER- True 2. storage, transportation, and financing are facilitating functions of marketing. - CORRECT ANSWER- False 3. farmers marketing programs are typically not as strong as the procurement programs of their buyers - CORRECT ANSWER- True

AGEC 333 Final Exam Questions and Answers with complete solution

A price taker is one who has little to say over establishing an asking price - True Storage, transportation, and financing are all facilitating functions of marketing - False - Processing, Storage, Transport Farmers marketing programs are typically not as strong as the procurement programs of their buyers - True In terms of the market covered in chapter 2 the fast food restaurant industry is most like perfect competition. - False - Most like monopolistic Micro marketing is more complex fo...

A price taker is one who has little to say over establishing an asking price - True Storage, transportation, and financing are all facilitating functions of marketing - False - Processing, Storage, Transport Farmers marketing programs are typically not as strong as the procurement programs of their buyers - True In terms of the market covered in chapter 2 the fast food restaurant industry is most like perfect competition. - False - Most like monopolistic Micro marketing is more complex fo...

Which of the below statements are consistent with processors "make or buy" decisions? a) Procurement through cash (spot) markets, bargaining cooperatives, and procurement contracts are examples of processors choosing to buy b) Production contracts are examples of processors choosing to buy c) Vertical integration with industrial labor is an example of a processor choosing to make. d) All of the above e) Only a and c - E Which of the following is true of perfect competition? a) Many com...

Which of the below statements are consistent with processors "make or buy" decisions? a) Procurement through cash (spot) markets, bargaining cooperatives, and procurement contracts are examples of processors choosing to buy b) Production contracts are examples of processors choosing to buy c) Vertical integration with industrial labor is an example of a processor choosing to make. d) All of the above e) Only a and c - E Which of the following is true of perfect competition? a) Many com...