5-7

Question 1

Agribusiness

Answer 1

large corporation that provides a ast array of goods and services to support the agricultural industry

Question 2

vertical Integration

Answer 2

ownerships of other businesses involved in the steps of producing a particular good

Question 3

Commodity Chain/Supply Chain

Answer 3

series of links connecting a commodity’s many places of production and distribution.

Question 4

Economies of scale

Answer 4

cost advantages gained by an increased level of production