Вопрос
b) Discuss the importance of the following functions of an agricultural market system: i. Transportation (3m ii. Grading (3 m iii. Storage (3 m iv. Pricing (3 ma c) 4 Explain the basis of identifying and segmenting agricultural markets. (6 ma
Решения
4.1
(311 Голоса)
Мефодий
элита · Репетитор 8 лет
Ответ
b) i. Transportation: Transportation is crucial in an agricultural market system as it facilitates the movement of agricultural products from farms to markets and ultimately to consumers. Efficient transportation ensures timely delivery, reduces spoilage, and minimizes costs, thereby enhancing market efficiency.ii. Grading: Grading involves sorting agricultural products based on quality, size, and other criteria. This function is essential as it provides a standardized basis for pricing, ensures fair trade, and helps consumers make informed choices, thereby promoting market transparency and efficiency.iii. Storage: Storage is vital in an agricultural market system as it allows farmers to hold their produce until it reaches the optimal market price or during off-seasons. Adequate storage facilities help mitigate risks associated with price fluctuations and supply chain disruptions, ensuring a stable market.iv. Pricing: Pricing is a fundamental function in an agricultural market system as it determines the value of agricultural products. Fair and transparent pricing mechanisms ensure that farmers receive appropriate compensation for their produce, while consumers pay a reasonable price for quality products.c) The basis of identifying and segmenting agricultural markets involves analyzing various factors such as geographic location, crop type, consumer preferences, and market demand. By understanding these factors, market segments can be identified based on specific characteristics, enabling targeted marketing strategies and improved market efficiency.