Q&A
AGEC 4060:
AGRIBUSINESS MANAGEMENT
ACTUAL SOLUTION!!
Managerial economics - Answers the study of how to direct scarce
resources in the way that most efficiently achieves the managerial goal
Business decision making - Answers the process of choosing
between different alternatives for the purpose of achieving desired goals
Strategic planning - Answers focused on developing courses of
action for the long term
Tactical planning - Answers short-term plans that are consistent with
the strategic plan; a roadmap for accomplishing longer term goals
Contingency planning - Answers the development of alternative
plans for different business conditions
Organizing - Answers represents the systematic classification and
grouping of human and other resources in a matter that is consistent within
the firm's goals
Directing - Answers the guiding efforts of others towards achieving a
common goal
