Various options are provided as possible answers to the following questions - NSC Agricultural Management Practices - Question 1 - 2021 - Paper 1
Question 1
Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A–D) next to the question numbers (1.1.1 to... show full transcript
Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - NSC Agricultural Management Practices - Question 1 - 2021 - Paper 1
Step 1
1.1.1 … is a function of agricultural marketing.
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Answer
The correct answer is C Planning. Planning in agricultural marketing involves setting objectives and determining the means to achieve them.
Step 2
1.1.2 The following are factors that influence the demand of the product:
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Answer
The correct answer is B (i), (ii) and (iv). These factors (Usefulness, Profit margin, and Number of consumers) are critical in assessing market demand.
Step 3
1.1.3 The … is legally responsible and liable for any faulty description that appears on the label of the agricultural product.
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Answer
The correct answer is D retailer. Retailers are legally accountable for the accuracy of product labels.
Step 4
1.1.4 The term used when the number of units sold at a given price covers the total cost of production:
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Answer
The correct answer is B Break-even point. This is the point where total revenues equal total costs.
