1.4) Discuss the Scope of Agri-Business. (5marks) b) Describe five distinctive features of agri-business management. [5marks] c) Explain the Functional Approach to Management [5marks] 3d) Explain any five elements of the Decision Making Process [Smarks] (e) Briefly highlight five reasons why good plans fail to deliver the expected result [5marks] 1) Objectives are usually found on the following business areas [5marks] g) Explain the role of good leadership in the management of an agribusiness firs [Smarks] Eh) Explain the importance of working capital for an agribusiness firm. [Smarks a) Define the term "liabilities" and using examples explain four types of liab agribusiness firm can accumulate over time. 110m b) Explain five uses of income statements. ... [5min a) Discuss the key challenges,in the development of agro based industrie Isn

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1.4) Discuss the Scope of Agri-Business. (5marks) b) Describe five distinctive features of agri-business management. [5marks] c) Explain the Functional Approach to Management [5marks] 3d) Explain any five elements of the Decision Making Process [Smarks] (e) Briefly highlight five reasons why good plans fail to deliver the expected result [5marks] 1) Objectives are usually found on the following business areas [5marks] g) Explain the role of good leadership in the management of an agribusiness firs [Smarks] Eh) Explain the importance of working capital for an agribusiness firm. [Smarks a) Define the term "liabilities" and using examples explain four types of liab agribusiness firm can accumulate over time. 110m b) Explain five uses of income statements. ... [5min a) Discuss the key challenges,in the development of agro based industrie Isn

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1.4) Discuss the Scope of Agri-Business.The scope of agri-business encompasses a wide range of activities related to agriculture, including production, processing, distribution, and marketing of agricultural products. It involves the integration of various sectors such as crop production, livestock farming, fisheries, and forestry. Agri-business also includes the provision of inputs like seeds, fertilizers, and equipment, as well as the marketing and sale of agricultural products to domestic and international markets.b) Describe five distinctive features of agri-business management.1. Integration of production and marketing: Agri-business management involves the integration of production and marketing activities to ensure efficient and effective distribution of agricultural products.2. Risk management: Agri-business management requires effective risk management strategies to mitigate risks associated with crop production, market fluctuations, and environmental factors.3. Supply chain management: Agri-business management involves managing the supply chain, including sourcing of raw materials, transportation, storage, and distribution of finished products.4. Financial management: Agri-business management requires sound financial management practices to ensure profitability and sustainability of the business.5. Technological integration: Agri-business management incorporates the use of technology and innovation to improve efficiency, productivity, and competitiveness.c) Explain the Functional Approach to ManagementThe functional approach to management involves organizing a business into different functions or departments, each responsible for specific tasks or activities. These functions typically include production, marketing, finance, human resources, and information technology. Each function is managed independently but works in coordination with other functions to achieve the overall goals of the organization.3d) Explain any five elements of the Decision Making Process1. Identifying the problem or opportunity: The first step in the decision-making process is to identify the problem or opportunity that requires a decision.2. Gathering information: The next step is to gather relevant information and data to understand the problem or opportunity better.3. Analyzing the information: Once the information is gathered, it is analyzed to identify the best course of action.4. Evaluating alternatives: Different alternatives are evaluated based on their potential impact, feasibility, and alignment with the organization's goals.5. Making the decision: After evaluating the alternatives, a decision is made based on the analysis and evaluation.(e) Briefly highlight five reasons why good plans fail to deliver the expected result1. Lack of flexibility: Plans that are too rigid may fail to adapt to changing circumstances or unexpected events.2. Inadequate resources: Plans may fail if the necessary resources, such as financial resources or human resources, are not available.3. Poor communication: Plans may fail if there is a lack of communication among team members or stakeholders.4. Inaccurate forecasting: Plans based on inaccurate forecasts may fail to deliver the expected results.5. Lack of monitoring and evaluation: Plans may fail if there is no regular monitoring and evaluation to track progress and make necessary adjustments.1) Objectives are usually found on the following business areasObjectives are typically found in various business areas, including:1. Strategic planning: Objectives are set at the highest level of the organization to guide long-term direction and goals.2. Operational planning: Objectives are set for specific departments or functions within the organization to support the strategic objectives.3. Project management: Objectives are set for specific projects or initiatives to ensure successful completion.4. Performance management: Objectives are set for individual employees or teams to measure performance and provide feedback.g) Explain the role of good leadership in the management of an agribusiness firm.Good leadership plays a crucial role in the management of an agribusiness firm. Effective leaders possess strong communication skills, vision, and the ability to inspire and motivate their teams. They make informed decisions, allocate resources efficiently, and adapt to changing market conditions. Good leaders also foster a culture of innovation and continuous improvement, which is essential for staying competitive in the agribusiness industry.h) Explain the importance of working capital for an agribusiness firm.Working capital is essential for the smooth operation of an agribusiness firm. It represents the funds available for day-to-day operations, such as purchasing raw materials, paying employees, and meeting other short-term obligations. Adequate working capital ensures that the firm can meet its financial obligations and maintain liquidity. It also allows the firm to invest in growth opportunities, such as expanding production or entering new markets.a) Define the term "liabilities" and using examples explain four types of liabilities an agribusiness firm can accumulate over time.Liabilities refer to the financial obligations or debts that a business owes to external parties, such as banks, suppliers, or creditors. Examples of liabilities that an agribusiness firm can accumulate over time include:1. Accounts payable: These are short-term obligations to suppliers or creditors for goods or services purchased on credit.2. Loans: These are borrowed funds from financial institutions or other lenders, which need to be repaid with interest.3. Accrued expenses: These are expenses that have been incurred but not yet paid, such as

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