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Key Points - Coggle Diagram
Key Points
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the input supply sector, the production agriculture sector, and the food sector
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agribusiness managers perform the core functions of management: planning, organizing, directing, and controlling
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the differences among policies, procedures, and practices
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the role of decision support tools (e.g., SWOT analysis, cost-benefit analysis, break-even analysis) in agribusiness management
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implicit and explicit costs, and how do they factor into economic profit
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knowledge of elasticity inform agribusiness responses to policy changes, such as subsidies or tariffs
agribusiness managers integrate understanding of profit concepts, market equilibrium, and elasticity into practical decision-making for production, pricing, and investment strategies
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Compare and contrast the main types of agribusiness structures: proprietorships, partnerships, corporations, cooperatives, limited liability companies (LLCs), and strategic alliances.
different organizational forms and evaluate their advantages and disadvantages for a growing agribusiness firm
the different types of partnerships (e.g., general partnerships, limited partnerships, LLPs).
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current individual and corporate tax laws affect the choice of organizational structure in agribusiness
In light of globalization, digital transformation, and sustainability concerns, how are organizational structures in agribusiness evolving
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the potential risks and rewards for agribusinesses that become heavily reliant on international markets
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the key elements of culture (e.g., language, religion, customs, social norms)
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international market entry methods such as exporting, franchising, licensing, joint ventures, and foreign direct investment
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global trends such as sustainability, climate change, digital agriculture, and trade liberalization shaping opportunities and threats in international agribusiness