1) Marketing can BEST be described as
Midterm

Quiz
•
Science
•
10th Grade
•
Medium
Ms. Marcelle
Used 5+ times
FREE Resource
17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
value added farm products
selling goods produced on the farm at a market place
buying goods from the market to be sold to exporters
moving goods and services from producer to comsumer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Item 1 refers to the following table which shows the demand, supply and price of tomato in a country
Based on the information in the table, the equilibrium price of tomato is
$1.00
$1.50
$2.00
$2.50
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A farmer wants to know the number of tools on her farm. Which record should she check?
Labour
Financial
Inventory
Production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In economic terms, a surplus is created when
supply is less than demand
supply is equal to supply
supply is greater than demand
demand is greater than supply
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
From which of the following graph can the equilibrium price of a product be determined?
A
B
C
D
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are benefits of price supports to farmers?
I. Economic security for farmers
II. Free farming materials
III. Guaranteed prices for certain products
I and II only
I and III only
II and III only
I, II and III
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bag of mixed fertilizer is labelled 7:14:21. What is the ratio of nitrogen to phosphorus in this fertilizer?
1:2
2:3
3:1
3:2
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