Module 3.pdf - AGEC 314 Online MARKETING AGRICULTURAL FOOD...

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AGEC 314 Online MARKETING AGRICULTURAL & FOOD PRODUCTS Spring 2021 Module 3 Dr. Senarath Dharmasena
AGEC 314-599,700 Dr. Senarath Dharmasena (Spring 2021) Page 1 Module 3 This module is worth 25% of your final grade. To post answers, first click “Module 3” on eCampus class page, and then click “Submit Assignments”. Then you will find submission links for each section of the module. You may attach as a Word or a PDF file using attachment link. All work must be completed using the “Write-up Template” provided. Open the Answer Template folder to obtain the template Word file. Please do the following. Read Chapters 7, 8, and 9 of your textbook (use the 7 th edition of the textbook). Also, watch and/or listen to lectures provided for each chapter (or combination of chapters). Answer following Study Questions. You must answer questions on the “Write-up Template” provided (285 points) Chapter 7 1. a) (10 points) Define and describe a price discovery system in general. b) (10 points) Explain the two major types of price discovery systems . Provide at least 2 benefits and 2 disadvantages for each. c) (10 points) Define and describe a price-setting system in general. d) (15 points) Explain the three major types of price setting systems . Provide at least 1 benefit and 1 disadvantage for each. e) (10 points) Are these two systems independent of each other? Explain.

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