Purdue Agribusiness Management Simulation Quiz

What is the primary purpose of the Purdue Agribusiness Management Simulation?

• To compete with real agribusiness operations

• To serve as a primary research tool for agribusiness strategies

• To train individuals through a simulated agribusiness environment

• To predict future prices and market trends in agribusiness

Which of the following is NOT a factor that managers must consider in the Purdue Agribusiness Management Simulation?

• Available storage space

• Inventory

• Personal preferences of the manager

• Anticipated sales

What will participants in the simulation need to develop an understanding of to be successful?

• Global economic trends

• Competitors in the simulation market

• Political influences

• Technological advancements in agriculture

How many farm supply stores will compete with one another in the simulation?

• Two to six

• Three to seven

• One to five

• Four to eight

What will happen to sales if prices are raised relative to the prices of competitors in the simulation?

• Sales will increase

• Sales will remain constant

• Sales will decline

• Sales will fluctuate unpredictably

What was the total tonnage of Complete Feed sold in the last year according to Table 1?

• 5,242 tons

• 2,030 tons

• 2,354 tons

• 3,305 tons

How much Custom Blend Fertilizer was sold in the period of Apr-Jun three years ago?

• 1,458 tons

• 279 tons

• 336 tons

• 1,605 tons

Comparing the total sales of Concentrate Feed over the three years presented in Table 1, which year shows the highest amount?

• Three Years Ago

• Two Years Ago

• Last Year

• The sales are consistent across all three years

Which quarter experienced the lowest sales of Commercial Grade Fertilizer in the last year?

• Jan-Mar

• Apr-Jun

• Jul-Sep

• Oct-Dec

What does Attachment 1 in the document show?

• The financial results for the previous quarter

• Decisions made by the previous manager for the past quarter

• The income statement for the last 12 months

• The market share report