AEC 403 | Study Mode

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Question 1
A
True
B
False
Explanation
True
Agricultural marketing encompasses all stages involved in moving a commodity from farm to consumer, including production planning, harvesting, processing, storage, transportation, distribution, and promotion. It aims to bridge the gap between farm gate and consumer plate.

Correct option: A
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Question 2
A
True
B
False
Explanation
False
Agricultural marketing focuses on the flow of goods and services from the farm
to the consumer, not the reverse. It deals with activities that add value to agricultural produce and bring it to the end consumer.

Correct option: B
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Question 3
A
True
B
False
Explanation
True
Marketing for any sector, including agriculture, involves complex decisions like pricing, product development, distribution, and promotion. These activities need careful planning and execution to achieve marketing objectives.

Correct option: A
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Question 4
A
What
B
Where
C
Why
D
Whom
E
none
Explanation
None
All five basic facts
- What (product/service), Where (market/distribution channels), When (timing), Who (target audience), and Why (motivation)
- are crucial considerations in agricultural marketing.
Understanding them helps tailor strategies to specific markets and consumer needs.

Correct option: E
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Question 5
A
To buy many goods and services
B
To buy less goods when cost is high
C
To buy only the special good and services
D
To buy goods and services at the lowest possible cost
Explanation
To buy goods and services at the lowest possible cost
While consumers may have various desires, the fundamental principle driving economic behavior is seeking to maximize satisfaction with limited resources. This often translates to seeking the best value for their money, which typically means purchasing goods and services at the lowest possible cost while meeting their needs and preferences.

Correct option: D
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Question 6
A
Producer
B
Consumer
C
Both producer and consumer
D
None of them
Explanation
Both producer and consumer
While conflicts may arise, both consumers and producers play crucial roles in marketing activities. Consumers drive demand and influence product offerings, while producers supply the goods and services. A successful marketing strategy considers the needs and expectations of both parties.

Correct option: C
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Question 7
A
Marketing strategy
B
Marketing campaign
C
Marketing mix
D
Marketing management
Explanation
Marketing mix
The marketing mix refers to the set of controllable variables that a company can use to influence the target market. It consists of 4Ps in the traditional model: product, price, place (distribution), and promotion. By optimizing these elements, a company can achieve its marketing goals and satisfy consumers.

Correct option: C
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Question 8
A
4P's
B
5 P's
C
6 P's
D
3 P's
Explanation
4P's
The most common term for the marketing mix is the 4P's. However, some models expand it to include additional elements like people, processes, and physical evidence. For agricultural produce marketing, the 4P's remain a fundamental framework.

Correct option: A
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Question 9
A
Price
B
Product
C
Private
D
Place
Explanation
Private
"Private" is not one of the traditional 4P's of the marketing mix. The correct 4P's are product, price, place, and promotion. Although "personal selling" could fall under the promotion element, it wouldn't be labeled as "private."

Correct option: C
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Question 10
A
True
B
False
Explanation
True
At its core, a product is not just a physical object but the utility or benefit it offers to the customer. For agricultural produce, this could be nutritional value, taste, freshness, convenience, or any other perceived benefit that motivates consumers to purchase it.

Correct option: A

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