NSC Agricultural Sciences Management and Marketing: 1.1.1 The first step in the deve

Question

1.1.1 The first step in the development of a strategic management plan:
A) Setting goals and objectives
B) Developing the vision
C) Evaluation
D) Developing the mission

1.1.2 The law of demand of agricultural products states the following:
A) The higher the price, the fewer the products offered for sale.
B) The higher the price, the more the products bought.
C) The lower the price, the more the products bought.
D) The lower the price, the fewer the products sold.

1.1.3 The straight line (Y) represents the ... of a product.

1.1.4 Niche marketing focuses on:
(i) Selling to a small segment
(ii) Supplying potatoes to a school for nutrition
(iii) Fulfilling the needs not met by the mainstream markets
(iv) Promoting the same product differently to consumers
Choose the correct combination:
A) (i), (iii) and (iv)
B) (ii), (iii) and (iv)
C) (i), (ii) and (iii)
D) (i), (ii) and (iv)

1.1.5 Production factors reflected on a farm whereby workers are cultivating the land:
A) Land and labour
B) Land and capital
C) Only labour
D) Land, labour and capital

1.1.6 The value of this production factor appreciates over time:
A) Equipment
B) Farm land
C) Machinery
D) Money

1.1.7 The economic characteristic of land regarded as a sound investment:
A) Production potential
B) Erodibility
C) Chemical composition
D) Fixed location

1.1.8 The net worth of a business is defined as the total ...
A) assets of the business minus the liabilities.
B) liabilities of the business minus the assets.
C) expenditure of the business minus the income.
D) income of the business minus the expenditure.

1.1.9 The phenotype of an animal could be described as the ...
A) length and depth of the animal body.
B) environmental conditions.
C) genetic variation.
D) total gene count.

1.1.10 A heterozygous Brahman bull (Bb) is mated with a heterozygous cow (Bb). What will the expected genotypic ratio in the F1 generation be?
A) 1 : 3 : 1
B) 3 : 1
C) 1 : 2 : 1
D) (10 x 2) (20)

The first step in the development of a strategic management plan:

The law of demand of agricultural products states the following:

The straight line (Y) represents the ... of a product.

Niche marketing focuses on:

Production factors reflected on a farm whereby workers are cultivating the land:

The value of this production factor appreciates over time:

The economic characteristic of land regarded as a sound investment:

The net worth of a business is defined as the total ...

The phenotype of an animal could be described as the ...

A heterozygous Brahman bull (Bb) is mated with a heterozygous cow (Bb). What will the expected genotypic ratio in the F1 generation be?

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