ARE_130_Final_W09_A_KEY

ARE_130_Final_W09_A_KEY - ARE 130 Winter 2009Final Exam...

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ARE 130 – Winter 2009Final Exam – Form A - KEY Multiple choice questions – 30 at two points each for total for 60 points: Select what you think is the best answer. If you think a question is unclear, make a note on the exam. 1. Thinking about Porter’s five forces, cooperatives are used to compete with: a. Buyer power b. Seller power c. Threat of substitutes d. New entrants e. None of the above – Porter’s model does not apply 2. One of attributes of the current market channel compared to the market channel 30 years ago is that it provides: a. less value added products to consumers b. more value added products to consumers c. about the same amount of value added products to consumers 3. Product conversion as we discussed in class: a. is limited to the final consumer product b. deals with substitute products c. deals with changing consumer preferences d. takes the agricultural product from the farm gate to all of its final products 4. Marketing orders are established – this question tossed as a typo in the test generator a. by the various states b. by the federal government c. either of the above can establish a marketing order . d. none of the above can establish a marketing board 5. _______________________ means the processes and structures by which producers (in the broad sense) identify consumer needs and then efficiently satisfy those consumer needs over the long-term – how the market channel members develop and behave. a. market determinants b. market structure c. market organization d. market plan 6. Marketing orders: a. allow farmers to act collectively b. can set grades and standards c. can set retail prices d. both a. and b. are correct e. all of the above are correct 7. _____________________ allow buyers to determine the quality and fitness of a product with minimal inspection. a. Categories b. Classifications c. Grades d. All the above Page 1 of 10
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ARE 130 – Winter 2009Final Exam – Form A - KEY 8. Deficiency payments allow: a. market forces to determine prices b. for management of prices and quantities c. both a. and b. d. neither a. or b. are correct 9. The price transmission from the farm gate to the consumer is called: a. upstream b. downstream c. value flow d. both a. and b. e. both b. and c. 10. One of the types of agricultural cooperatives is: a. price b. marketing c. protection 11. One of the characteristics of agricultural markets at the early stages of the marketing channel is that: a. price variations are large b. price variations are small c. there are no price variations d. none of the above, price variations do not occur in the early stages of the marketing channel 12. We have when ________________________ the prices changes do not differ in amount or time when the price is transmitted. a.
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This note was uploaded on 10/06/2010 for the course ARE 130 taught by Professor Staff during the Spring '08 term at UC Davis.

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ARE_130_Final_W09_A_KEY - ARE 130 Winter 2009Final Exam...

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