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Assignment in Agribusiness Commodity Study

The document discusses how an agribusinessman can make wants into needs by identifying opportunities to meet student demands, how the key factors of production like capital, land, and labor affect agribusiness, and defines agricultural economics as dealing with natural resource production/consumption while agribusiness involves large-scale farming operations or businesses catering to farmers.

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Alkhair Sangcopan
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80 views

Assignment in Agribusiness Commodity Study

The document discusses how an agribusinessman can make wants into needs by identifying opportunities to meet student demands, how the key factors of production like capital, land, and labor affect agribusiness, and defines agricultural economics as dealing with natural resource production/consumption while agribusiness involves large-scale farming operations or businesses catering to farmers.

Uploaded by

Alkhair Sangcopan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Assignment

in
Agribusiness Commodity Study

Submitted by: Alkhair U. Sangcopan


Submitted to: Nasibah Macadato

Submitted on: July 31, 2021


Briefly discuss the following:

1. If you are an agribusinessman, how can you make the “wants” as “needs”?
▪ If you are a businessman you have to be smart. For example: in our area
here in Wao most students always need to have online data. because of
online class. so, I will build peso wife or be a loader. Because all the
students will come to you because they need that. That's why Be Creative
Always be looking for ways to improve your business.

2. How the factors of production affect the agribusiness as a whole?


▪ for me it is capital, labor and land why? Because if you are a businessman
you need capital to start a business if your business is poultry Production
you need land and labor. And also, infrastructure, climate change and etc.

3. Differentiate the agricultural economics to agribusiness?


▪ Agricultural economics is dealing with production, marketing and
consumption of naturally extracted resources by human being e.g.
forestry, animal keeping, fishing, crop farming, bee keeping and the like.
While agribusiness is big business connected to agriculture, either owning
or operating large scale farms, or catering to those who do.

4. How important input subsystem in agribusiness?


▪ for me this is one of the most important because without the input
subsystem you can't really whole a business. You will not be a
businessman if you don’t have the capital, products like pesticides,
herbicides etc. so you can’t be called agribusiness if you don’t have
Subsystem input

5. What role does marketing subsystem takes place in agribusiness?


▪ The marketing subsystem: This subsystem is concerned with the transfer
of goods from source to end-user. It includes all handling procedures and
infrastructures that move the commodities from one point to another.
Marketing helps producers to decide what products to produce and when
to produce them. Marketing also helps consumers by letting them know
what products are available at what price. When done well, it leads to
greater satisfaction for consumers and higher profits for producers.

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