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Foundations: Midterm Review
Foundations in Agribusiness, Virginia Tech., AAEC 2434, Ferreira
38
Business
Undergraduate 2
03/19/2013

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Cards

Term
Chapter 1
Definition
Introduction to Agribusiness, Management Functions, and Decision Making
Term

Chapter 1

Facts and statistics of the U.S. food and agribusiness industry

Definition
Term

Chapter 1

The components of the agri-food system (Input suppliers, producers, etc...)

Definition
  1. Input Suppliers
  2. Producers
  3. Commodity Producers
  4. Food Manufacturers
  5. Food Distributers
  6. Food Retailers
Term

Chapter 1

Management Functions

Definition
  1. The Planning Function
  2. The Organizing Function
  3. The Controlling Function
  4. The Directing Function
Term

Chapter 1

The Six Steps in Decision Making

Definition
  1. Identifying the problem
  2. Determining alternative courses of action
  3. Analyzing the alternatives
  4. Selecting the best alternatives
  5. Implementing the decision
  6. Following up
Term
Chapter 2
Definition
Forms of Business Ownership, Leasing Contracts and Franchising
Term

Chapter 2

Have a solid understanding of each of the forms of ownership, including the advantages and disadvantages of each

Definition
Term

Chapter 2

Partnership agreements

Definition
Term

Chapter 2

Revised Uniform Partnership Act

Definition
Term

Chapter 2

Types of partnerships

Definition
Term

Chapter 2

Types of corporations

Definition
Term

Chapter 2

Facts and statistics of cooperatives in the U.S. 

Definition
Term

Chapter 2

Types of cooperatives by objectives (Marketing, farm supply and services cooperatives)

Definition
Term

Chapter 2

Principles of cooperatives

Definition
Term

Chapter 2

Organizational Membership Structures (Centralized, federated, and mixed cooperatives)

Definition
Term

Chapter 2

Taxation and cooperatives

Definition
Term

Chapter 2

Challenges faced by cooperatives

Definition
Term

Chapter 2

Definition of franchise

Definition
Term

Chapter 2

Typical costs in a franchising contract

Definition
Term
Chapter 3
Definition
Financial Statements and Ratio Analysis
Term

Chapter 3

Generally Accepted Accounting Principles (GAAP)

Definition
Term

Chapter 3

Cash v. accrual accounting

Definition
Term

Chapter 3

Everything on balance sheet, income statements, financial ratios, and statement of cash flows

Definition
Term

Chapter 3

How to interpret financial ratios and statement of cash flows

Definition
Term
Chapter 4
Definition
Strategic Marketing
Term

Chapter 4

The Marketing Mix

Definition
Term

Chapter 4

The Product Life cycle

Definition
Term

Chapter 4

Time and place utility

Definition
Term

Chapter 4

Channels of distribution

Definition
Term

Chapter 4

Advertising and personal selling

Definition
Term

Chapter 4

Mass and target marketing

Definition
Term

Chapter 4

Market segmentation

Definition
Term

Chapter 4

Niches

Definition
Term

Chapter 4

Branding (different approaches)

Definition
Term

Chapter 4

Brand name (different approaches)

Definition
Term

Chapter 4

The different stages in the adoption process

Definition
Term

Chapter 4

Know well the different categories of product adopters (the market share of each category and the characteristics of those consumers)

Definition
Term
Structure of the Exam
Definition

Section 1: 30 pts: Multiple Choice

 

Section 2: 60 pts: Financial Statements

 

Section 3: 10 pts: Short Answers

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