Answer The Following Questions And Submit To Chapters 14 Que ✓ Solved
Answer The Following Questions And Submit Tochapters 14 Questions
Answer the following questions and submit to Chapters 14 Questions:
1. Explain and give two examples of how the controlling management function can be accomplished using the data found on the balance sheet and the P&L statement.
2. How do you know if a ratio’s value is good or bad? Is it possible for a ratio to be too high in once case and too low in another? Explain your answer with an example using one of the ratios found in this chapter.
3. Define the four general types of ratios – liquidity, solvency, activity, and profitability. What does each type tell a manager about the financial performance of his or her business?
4. Why is it necessary to understand the purposes of the balance sheet, P&L statement, and financial ratios before you can understand the value of cash flow budgets?
5. What does the term pro forma mean?
6. How does a cash flow budget strengthen the financial foundations of an agribusiness?
7. What is the current ratio of this business?
8. What can you determine about the liquidity of this business?
9. What can you determine about the solvency of this business?
10. What is the ROIC of this company?
Answer the following questions and submit to Chapters 19 Questions:
1. Has web-based social media replaced the need for personal selling? Explain.
2. In our web-based world, do we still need money? Discuss.
3. Explain what personal selling is. Explain why personal selling is a legitimate topic in a book on agribusiness management.
4. What does it mean to close a sale? What is the role of closing a sale in personal selling?
5. Explain why selling is both an internal and external activity for a firm.
6. Identify three reasons why a person seeking a career in business would select a sales position. Explain.
7. Describe the characteristics of a successful salesperson. Identify three characteristics that are the most important. Explain your choices.
8. Explain why personnel in the human resources and engineering departments need to know something about personal selling.
9. Why is the service provided after the sale considered by many experts to be the most important part of the selling process?
10. Why is product knowledge the first requirement for successful selling?
Answer the following questions and submit to Chapters 20 Questions:
1. Is it more important for an agribusiness to keep customers happy or employees happy? Explain.
2. What does the term “value” mean in business? Who decides what value is – the employees, the shareholders, or the customers? Explain.
3. Is it better to maximize total revenue or minimize costs in order to maximize profits? Give an example that describes how your answer is linked to the unifying theme of this book.
4. Is it true that agribusiness is different from other industries? Explain.
5. Explain how the three golden rules of management success help agribusiness managers to succeed.
6. Explain how time, money, and information are often as valuable to a firm as its products.
7. Discuss why agribusiness went global before most other parts of the economy.
8. What are the factors managers should consider when planning their advertising?
9. Describe the role of social media in the marketing of agribusiness products.
10. How is the marketing of agricultural commodities usually different from branded food products?