Term
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Definition
| Introduction to Agribusiness, Management Functions, and Decision Making |
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Term
Chapter 1
Facts and statistics of the U.S. food and agribusiness industry |
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Definition
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Term
Chapter 1
The components of the agri-food system (Input suppliers, producers, etc...) |
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Definition
- Input Suppliers
- Producers
- Commodity Producers
- Food Manufacturers
- Food Distributers
- Food Retailers
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Term
Chapter 1
Management Functions |
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Definition
- The Planning Function
- The Organizing Function
- The Controlling Function
- The Directing Function
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Term
Chapter 1
The Six Steps in Decision Making |
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Definition
- Identifying the problem
- Determining alternative courses of action
- Analyzing the alternatives
- Selecting the best alternatives
- Implementing the decision
- Following up
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Term
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Definition
| Forms of Business Ownership, Leasing Contracts and Franchising |
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Term
Chapter 2
Have a solid understanding of each of the forms of ownership, including the advantages and disadvantages of each |
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Definition
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Term
Chapter 2
Partnership agreements |
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Definition
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Term
Chapter 2
Revised Uniform Partnership Act |
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Definition
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Term
Chapter 2
Types of partnerships |
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Definition
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Term
Chapter 2
Types of corporations |
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Definition
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Term
Chapter 2
Facts and statistics of cooperatives in the U.S. |
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Definition
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Term
Chapter 2
Types of cooperatives by objectives (Marketing, farm supply and services cooperatives) |
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Definition
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Term
Chapter 2
Principles of cooperatives |
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Definition
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Term
Chapter 2
Organizational Membership Structures (Centralized, federated, and mixed cooperatives) |
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Definition
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Term
Chapter 2
Taxation and cooperatives |
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Definition
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Term
Chapter 2
Challenges faced by cooperatives |
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Definition
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Term
Chapter 2
Definition of franchise |
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Definition
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Term
Chapter 2
Typical costs in a franchising contract |
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Definition
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Term
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Definition
| Financial Statements and Ratio Analysis |
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Term
Chapter 3
Generally Accepted Accounting Principles (GAAP) |
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Definition
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Term
Chapter 3
Cash v. accrual accounting |
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Definition
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Term
Chapter 3
Everything on balance sheet, income statements, financial ratios, and statement of cash flows |
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Definition
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Term
Chapter 3
How to interpret financial ratios and statement of cash flows |
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Definition
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Term
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Definition
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Term
Chapter 4
The Marketing Mix |
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Definition
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Term
Chapter 4
The Product Life cycle |
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Definition
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Term
Chapter 4
Time and place utility |
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Definition
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Term
Chapter 4
Channels of distribution |
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Definition
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Term
Chapter 4
Advertising and personal selling |
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Definition
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Term
Chapter 4
Mass and target marketing |
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Definition
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Term
Chapter 4
Market segmentation |
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Definition
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Term
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Definition
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Term
Chapter 4
Branding (different approaches) |
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Definition
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Term
Chapter 4
Brand name (different approaches) |
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Definition
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Term
Chapter 4
The different stages in the adoption process |
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Definition
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Term
Chapter 4
Know well the different categories of product adopters (the market share of each category and the characteristics of those consumers) |
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Definition
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Term
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Definition
Section 1: 30 pts: Multiple Choice
Section 2: 60 pts: Financial Statements
Section 3: 10 pts: Short Answers |
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