Understanding Agricultural Supply Chain Risks: A Student's Guide
20 questions
A. Ano
B. Ne
Explanation: The study materials state that after farmers produce agricultural products, these products are transported to processors where they are deemed and packaged. Only after processing are the goods moved to wholesalers and retailers. This indicates an intermediate step between farmers and wholesalers/retailers.
A. Ano
B. Ne
Explanation: The study materials state that a decline in global commodity prices, when costs remain high, reduces farmer profitability. Therefore, an increase in global commodity prices would not reduce profitability.
A. Ano
B. Ne
Explanation: The study materials explicitly state that 'Global trade regulation and international health standards therefore become an important force affecting agricultural supply chain'.
A. Ano
B. Ne
Explanation: Animal diseases like foot and mouth disease and swine fever disrupt production by preventing the transport of infected animals. Export markets can also ban imports from affected regions, which interrupts the movement of product throughout the supply chain.
A. Ano
B. Ne
Explanation: The study materials indicate that lower profits weaken the entire supply chain because they lead to less product being available, not an increase.