Agribusiness Flashcards

1
Q

is a combination of the words “agriculture” and “business”.

refers to any business related to farming and farming-related commercial activities.

A

AGRIBUSINESS

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2
Q

A mangyan culture wherein family members are eating together during the first meal of their harvest season.

A

Pamag-uhan

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3
Q

includes the sale of merchandise from a one point of purchase directly to a consumer who tends to utilize that product.

A

Retail

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4
Q

is any industry that produces value that is primarily intangible such as advice, consultation, customer service, knowledge, management, data and experiences.

A

Service

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5
Q

is the processing of raw materials into finished goods through the use of equipment, tools and processes.

A

Manufacturing

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6
Q

is the exchange of services and goods from one country to another.

it gives opportunity to a world economy, in which prices, or demand and supply, affect and are affected by global events.

A

International Trade

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7
Q

is a good or service that brought from the other countries.

A

Import

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8
Q

are goods and services made in one country and sold to buyers in another.

A

Export

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9
Q

was a system of trading commonly practiced throughout the world and adopted by the Philippines.

A

Barter

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