AGEC 340: EXAM 1 WITH ALL NEEDED
TO PASS
Manager's cPrimary cObjective c- ccorrect canswers c-Maximize cthe clong-run cprofits cof
cthe cfirm cby csatisfying ccustomer's cneeds
Goal cof cAgribusiness cManagement c- ccorrect canswers c-To cintegrate cscience cand
ctechnology cto cmaximize cbenefits cto cfarmers cand cconsumers
1. cOwnership cseparation
2. cTime cseparation
3. cSpace cseparation
4. cValue cseparation
5. cInfo cseparation c- ccorrect canswers c-5 cBarriers cto cConsumer cSatisfaction
, Ownership cSeparation c- ccorrect canswers c-inability cto ctransfer cownership
Time cSeparation c- ccorrect canswers c-Product cis cnot cavailable cwhen cdesired
Space cSeparation c- ccorrect canswers c-Product cis cnot cwhere cconsumers cneed cit
Value cSeparation c- ccorrect canswers c-Product cis cnot cin cthe cform cconsumers
cdesire
Info cSeparation c- ccorrect canswers c-lack cof cinfo cabout cproduct
Buying c& cSelling cFunction
Storage cFunction
Transportation cFunction
Processing cFunction
Facilitating cFunction
Grades c& cStandards cFunction c- ccorrect canswers c-9 cMarketing cFunctions
Buying c& cSelling cFunction c- ccorrect canswers c-overcome cthe cseparation cof
cownership cby ctransferring clegal ctitle cof cthe cproduct cfrom cthe cseller cto cbuyer
Storage cFunction c- ccorrect canswers c-overcomes cthe cseparation cof ctime cby
cmaintaining cproduct cin cgood ccondition cbetween cproduction cand cfinal csale
Transportation cFunction c- ccorrect canswers c-overcomes cseparation cof cspace cby
cmoving cproduct cwhere cit cis cproduced cto cwhere cconsumers cdesire
Processing cFunction c- ccorrect canswers c-overcomes cvalue cseparation cby
ctransforming ca ccommodity cinto ca cform cthat chas cgreater cvalue cto cconsumers
Facilitating cFunctions c- ccorrect canswers c-make cthe csystem cwork cmore cefficiently
Grades c& cStandards cFunction c- ccorrect canswers c-overcomes cinfo cseparation cby
cproviding ca cclass csystem cthat crequires cadherence cto cspecific cdescriptions cof
ccommodities cand cproducts
Form cUtility
Place cUtility
Time cUtility
Possession cUtility c- ccorrect canswers c-4 cUtilities cof cMarketing
Form cUtility c- ccorrect canswers c-comes cfrom cprocessing cproduct cinto ca cform cmore
cdesirable cto cconsumers
Place cUtility c- ccorrect canswers c-involves ctransporting cproduct cto clocation cdesired
cby cconsumers
TO PASS
Manager's cPrimary cObjective c- ccorrect canswers c-Maximize cthe clong-run cprofits cof
cthe cfirm cby csatisfying ccustomer's cneeds
Goal cof cAgribusiness cManagement c- ccorrect canswers c-To cintegrate cscience cand
ctechnology cto cmaximize cbenefits cto cfarmers cand cconsumers
1. cOwnership cseparation
2. cTime cseparation
3. cSpace cseparation
4. cValue cseparation
5. cInfo cseparation c- ccorrect canswers c-5 cBarriers cto cConsumer cSatisfaction
, Ownership cSeparation c- ccorrect canswers c-inability cto ctransfer cownership
Time cSeparation c- ccorrect canswers c-Product cis cnot cavailable cwhen cdesired
Space cSeparation c- ccorrect canswers c-Product cis cnot cwhere cconsumers cneed cit
Value cSeparation c- ccorrect canswers c-Product cis cnot cin cthe cform cconsumers
cdesire
Info cSeparation c- ccorrect canswers c-lack cof cinfo cabout cproduct
Buying c& cSelling cFunction
Storage cFunction
Transportation cFunction
Processing cFunction
Facilitating cFunction
Grades c& cStandards cFunction c- ccorrect canswers c-9 cMarketing cFunctions
Buying c& cSelling cFunction c- ccorrect canswers c-overcome cthe cseparation cof
cownership cby ctransferring clegal ctitle cof cthe cproduct cfrom cthe cseller cto cbuyer
Storage cFunction c- ccorrect canswers c-overcomes cthe cseparation cof ctime cby
cmaintaining cproduct cin cgood ccondition cbetween cproduction cand cfinal csale
Transportation cFunction c- ccorrect canswers c-overcomes cseparation cof cspace cby
cmoving cproduct cwhere cit cis cproduced cto cwhere cconsumers cdesire
Processing cFunction c- ccorrect canswers c-overcomes cvalue cseparation cby
ctransforming ca ccommodity cinto ca cform cthat chas cgreater cvalue cto cconsumers
Facilitating cFunctions c- ccorrect canswers c-make cthe csystem cwork cmore cefficiently
Grades c& cStandards cFunction c- ccorrect canswers c-overcomes cinfo cseparation cby
cproviding ca cclass csystem cthat crequires cadherence cto cspecific cdescriptions cof
ccommodities cand cproducts
Form cUtility
Place cUtility
Time cUtility
Possession cUtility c- ccorrect canswers c-4 cUtilities cof cMarketing
Form cUtility c- ccorrect canswers c-comes cfrom cprocessing cproduct cinto ca cform cmore
cdesirable cto cconsumers
Place cUtility c- ccorrect canswers c-involves ctransporting cproduct cto clocation cdesired
cby cconsumers
