1
AGEC 340 Questions with Answers (100% Correct
Answers)
USDA's Foreign Agricultural Service (FAS) cited "------", "------", and "--
----" as the top three markets for U.S. agricultural exports. Answer:
Canada, China, Mexico
The Food and Agriculture Organization (FAO) of the United Nations
defines "------" as the state of affairs where all people at all times have
access to safe and nutritious food to maintain a healthy and active life
Answer: Food Security
Two key factors responsible for the growth in the U.S. food industry
are: "------" and "------". Answer: Trade, Investment
The U.S. exports are composed of two categories: "------" and bulk
commodities. Answer: Value Added- Products
The General Agreement on Tariffs and Trade (GATT) was developed
in what year? Answer: 1947
© 2025 All rights reserved
, 2
Global recognition of corporate logos and brands increases both the
efficiency and effectiveness of a company's advertising efforts. This is
known as: "------" Answer: Brand Recognition
International trade, both imports and exports of food and food
products, is increasing faster than "-----" Answer: Domestic sales
"------" is the set of socially transmitted behaviors, acts, beliefs, and
speech, and all products of human work and thought, that characterize
a particular population. Answer: Culture
This determines the worth of one country's currency relative to that of
another country. Answer: Exchange Rates
According to the text, this state is a clear leader in ethnic "mixing" in
North America. Answer: California
This type of management includes a broad spectrum of decisions and
activities that center on effectively reaching your customers, prospects,
public, and providing them with products or services that meet their
needs and wants. Answer: Marketing Management
Marketing is the process of anticipating the needs of targeted
customers and finding ways to meet those needs. Answer: Profitability
© 2025 All rights reserved
AGEC 340 Questions with Answers (100% Correct
Answers)
USDA's Foreign Agricultural Service (FAS) cited "------", "------", and "--
----" as the top three markets for U.S. agricultural exports. Answer:
Canada, China, Mexico
The Food and Agriculture Organization (FAO) of the United Nations
defines "------" as the state of affairs where all people at all times have
access to safe and nutritious food to maintain a healthy and active life
Answer: Food Security
Two key factors responsible for the growth in the U.S. food industry
are: "------" and "------". Answer: Trade, Investment
The U.S. exports are composed of two categories: "------" and bulk
commodities. Answer: Value Added- Products
The General Agreement on Tariffs and Trade (GATT) was developed
in what year? Answer: 1947
© 2025 All rights reserved
, 2
Global recognition of corporate logos and brands increases both the
efficiency and effectiveness of a company's advertising efforts. This is
known as: "------" Answer: Brand Recognition
International trade, both imports and exports of food and food
products, is increasing faster than "-----" Answer: Domestic sales
"------" is the set of socially transmitted behaviors, acts, beliefs, and
speech, and all products of human work and thought, that characterize
a particular population. Answer: Culture
This determines the worth of one country's currency relative to that of
another country. Answer: Exchange Rates
According to the text, this state is a clear leader in ethnic "mixing" in
North America. Answer: California
This type of management includes a broad spectrum of decisions and
activities that center on effectively reaching your customers, prospects,
public, and providing them with products or services that meet their
needs and wants. Answer: Marketing Management
Marketing is the process of anticipating the needs of targeted
customers and finding ways to meet those needs. Answer: Profitability
© 2025 All rights reserved
