Understanding Agricultural Markets - JSS1 Agricultural science Past Questions and Answers - page 1
What is the primary goal of agricultural marketing?
Maximising environmental impact
Ignoring market dynamics
Maximising farm expenses
Efficiently linking producers to consumers for the exchange of good
Which of the following is a type of agricultural market based on physical location?
Virtual Market
Wholesale Market
Organic Market
Sustainable Market
Who are considered market participants in agricultural marketing?
Only farmers
Only consumers
Producers, intermediaries, and consumers
Government officials only
What does the term "market structures" refer to in agricultural marketing?
Physical buildings where markets are located
The organisation of agricultural markets based on competition and pricing mechanisms
The types of products sold in a market
The seasonal variations in market activities
How does agricultural marketing contribute to the overall success of farming operations?
By discouraging market participation
By promoting resource wastage
By facilitating efficient distribution and sale of agricultural products
By ignoring market dynamics
What is the significance of understanding different types of agricultural markets for farmers?
It has no impact on farming decisions
It aids in optimising resource allocation and marketing strategies
It discourages market participation
It promotes inefficient market structures
In agricultural marketing, what is a virtual market?
A market that only exists in theory
A market with physical buildings
A market that operates exclusively online
A market focused on environmental impact
What role do intermediaries play in agricultural markets?
They have no role in market activities
They link producers directly to consumers
They facilitate the distribution of agricultural products between producers and consumers
They discourage efficient market structures
How does the organisation of market structures influence pricing mechanisms in agricultural markets?
It has no impact on pricing
It encourages fixed pricing
It affects competition and pricing dynamics
It promotes uniform pricing for all products
What is the primary benefit of having diverse agricultural markets, such as organic and sustainable markets?
To limit consumer choices
To encourage resource wastage
To cater to diverse consumer preferences and promote sustainable practices
To discourage market participation