Bus0161:Production Economics And Marketing Question Paper

Bus0161:Production Economics And Marketing

Course:Diploma In Agriculture

Institution: Meru University Of Science And Technology question papers

Exam Year:2012

QUESTION ONE – 30 MARKS
(a) (i) Define Agricultural Marketing (2Marks) (ii) State 3 basic production problems (3Marks) (iii) What is Marginal Physical Products? (2Marks) (iv) Give 5 advantages of packaging and packing (5Marks) (v) State 4 factors of production (4Marks) (vi) State 4 market structures (4Marks) (vii) Give 5 marketing channels for agricultural products (5Marks) (viii) What is product mix? (2Marks) (ix) Give 3 advantages of grading in agricultural products. (3Marks)
QUESTION TWO – 15 MARKS (a) (i) Explain the importance of the following functions performed on agricultural products. (a) Grading (2Marks) (b) Packaging & Packing (2Marks) (c) Labelling (2Marks) (d) Storage (2Marks) (e) Transportation (2Marks) (f) Processing (2Marks)
2
(ii) State 3 special characteristics of agricultural products. (3Marks)
QUESTION THREE – 15 MARKS Illustrate production function. Which is rational stage and why? (15Marks)
QUESTION FOUR – 15 MARKS Discuss 7 special characteristics of agricultural sector to manufacturing sector. (15Marks)
QUESTION FIVE – 15 MARKS Discuss various steps involved in decision making process in production. (15Marks)

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