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AGRIBUSINESS > L1-3 Agribusiness > Flashcards

L1-3 Agribusiness Flashcards

1
Q

10 components of agribusiness

A

input providers, capital providers, producers, researchers, storage, processors, logistics, distributors, marketers, consumers

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2
Q

3 key elements of the agribusiness system

A

input sector, production/output sector, processing-manufacturing sector

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3
Q

8 impacts of agricultural economics

A

land use, water consumption, deforestation, soil degradation, economic contribution, employment, food security, & trade

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4
Q

advertise to promote the business’ food products

A

marketers

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5
Q

agricultural expansion often leads to deforestation

A

deforestation

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6
Q

agricultural products are significant in international trade

A

trade

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7
Q

agriculture + business = ???

A

agribusiness

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8
Q

animal husbandry, forestry, fishery, & other related activities

A

agriculture

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9
Q

art of cultivation various categories of crops

A

agriculture

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10
Q

true or false: both demand and supply together determine the market price & quantity of goods exchanged in the economy

A

true

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11
Q

buying, transporting, storing, warehousing, processing, packing, retailing, merchandising

A

product/output sector

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12
Q

provide financing for agricultural production

A

capital providers

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13
Q

commercialization of any enterprise

A

business

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14
Q

economic unit which aims to sell goods & services to customers

A

business

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15
Q

ensures the production of food

A

food security

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16
Q

farmers/ranchers that cultivate crops & raise livestock

A

producers

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17
Q

Handles the output of the nation’s farms

A

processing/manufacturing sector

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18
Q

how many % did the agriculture sector expand during 2022

A

only 0.6%

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19
Q

how many percent were employed in the labor force as of november 2023

A

25% of the 49.7M Filipinos

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20
Q

increase in price increase in ______

A

supply

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21
Q

input providers, capital providers, producers, processors, storage managers, researchers, logistics & transportation, distributors, marketers, & consumers are __________ of Agribusiness

A

components of agribusiness

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22
Q

intensive farming practices can lead to soil erosion & depletion of soil nutrients

A

soil degradation

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23
Q

large areas are dedicated to crop cultivation; livestock grazing, & other agricultural act

A

land use

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24
Q

largest consumer of freshwater

A

water consumption

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25
Q

major source of employment

A

employment

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26
Q

many countries export agricultural goods, which contribute to their GDP & provide income for farmers & agribusiness

A

trade

27
Q

occurs when the quantity demanded equals the quantity supplied

A

market equilibrium

28
Q

provides the raw materials for food production, which is essential for human survival

A

economic contribution

29
Q

public agriservices department of agriculture

A

office of the secretary
agricultural credit policy council
bureau of fisheries and aquatic resources
national fisheries research and development institute
national meat inspection services
philippine carabao center
philippine center for post-harvest development and mechanization
philippine council for agriculture and fisheries
philippine fiber industry development authority

30
Q

purchase & consume the final products

A

consumers

31
Q

reduces poverty & hunger worldwide

A

food security

32
Q

refers to commerce in farming & farm-related activities

A

agribusiness

33
Q

roles of agriculture in the economic development are essential since it

A

gives efficiency & sustainability of agricultural production & improve FOOD PRODUCTION

34
Q

store & prevent crops for quality maintenance

A

storage managers

35
Q

sub-sector that focuses on planting, harvesting, breeding, etc.; crucial component of agricultural value chain

A

farm sub-sector

36
Q

sum total of all operations

A

agribusiness

37
Q

supply seeds, fertilizers, equipment, etc.

(component of agribusiness)

A

input providers

38
Q

supports inputs for various industries

A

economic contribution

39
Q

technology develops to improve food processing

A

researchers

40
Q

this sector includes all agribusinesses and individuals that handle agricultural products from the farm to the final consumers

A

production/output sector

41
Q

this sector focuses on the business involved in the production, processing & distribution of agricultural products. it also links producers with consumers, ensures flows of goods in the value chain

A

agribusiness sector

42
Q

this sector has been the cause of so much change in agribusiness due to the effect on the development of TECHNOLOGY and Innovations

A

production/output sector

43
Q

this sector provides the PRODUCERS with the feed, seed, credit, machinery, fuel, chemicals and various other things agricultural need to operate.

it also provides 75% of the inputs used in the production

A

input sector

44
Q

this sub-sector is about the government entities involved in the regulation, support and development of agriculture

A

public sub-sector

45
Q

this sub-sector’s institutions provide financial services such as loans, credits, insurance & investments

A

financial sub-sector

46
Q

this type of agriservice provides special services at the national and local levels

A

public agriservices

47
Q

this type of agriservice is for non-governmental entities that provide special servicess to the agriculture industry

A

private agriservices

48
Q

transform raw materials into value-added products

A

processors

49
Q

transport goods to retailers/wholesalers

A

distributors

50
Q

true or false: needs - unlimited, resources - limited, scarcity - lack

A

true

51
Q

use it to create farmland

A

Deforestation

52
Q

what are the 10 components of agribusiness

A

input providers, capital providers, producers, researchers, storage managers, processors, logistics & transportation, distributors, marketers, & consumers

53
Q

what are the 4 scarce resources under economics

A

land, labor, capital, management

54
Q

what are the 4 scope & field of agricultural economics

A

farm sub-sector, agribusiness sector, public sub-sector, financial sub-sector

55
Q

what are the 5 subsectors under Philippine Agribusiness sector?

A

crop production, fishery, animal production, agri-support services & manufacturing, forestry & logging

56
Q

what are the 6 parts of the value chain

A

natural resources, input, production, products, intermediate activities, & consumption

57
Q

what are the changes/innovations in the production/output sector?

A

transportation/distribution, new forms of transportation, storage design, packaging design, wider market

58
Q

what are the roles of agriculture in the economic development

A

rural development, market analysis, resource allocation, farm management, policy formation

59
Q

what are the two types of agriservices

A

public and private agriservices

60
Q

what does agribusiness cover?

A

production, processing, & distribution of farm-based goods

61
Q

what percentage did the agriculture sector contribute in the gross domestic product during 2023

A

9%

62
Q

why is understanding demand & supply crucial

A

because it is needed for making informed business decisions

63
Q

________ ________ is the study of how societies use available resources to meet the needs of people

A

agricultural economics

64
Q

__________ refers to how much of a product consumers are willing to buy at different prices, while ____________ is how much of a product producers are willing to sell

A

demand & supply

AGRIBUSINESS (1 decks)

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