UNIT 5: Chapter Thirteen - 5.7, Pgs. 311-314

Question 1

Agribusiness

Answer 1

Farms run as corporations

Question 2

Transnational Corporations

Answer 2

Those that operate in many countries.

Question 3

Vertical Integration

Answer 3

The ownership of other businesses involved in the steps of producing a particular good.

Question 4

Economies of Scale

Answer 4

An increase in efficiency to lower the per-unit production cost.

Question 5

Commodity Chain

Answer 5

The raw material, as grown in the country and can then be divided into a system of “sub-chains”, representing the different uses and processes involving the product after harvesting.

Question 6

Cool Chains

Answer 6

The cold chain refers to managing the temperature of perishable products in order to maintain quality and safety from the point of origin through the distribution chain to the final consumer.