NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2021 EXAMINATION

COURSE CODE: CRD 334

CREDIT UNIT: 3

COURSE TITLE: AGRO-BUSINESS MANAGEMENT

TIME ALLOWED: 3 HOURS

INSTRUCTIONS: 1. Attempt all questions

2. All questions carry 17.5 marks

3. Present all your points in coherent and orderly manner

1. a. As a result of its enormous importance, carefully describe the concept of Agriculture and state its roles. [3.5 Marks]

b. Highlight the characteristics of Agricultural Produce. [4 marks]

c. Given the uniqueness of the outcome expectation, highlight and describe the Efforts in terms of programme initiated to Improve Agriculture by the federal government. [10 Marks]

2. a. To the layman business means different things, define this concept to the layman as an academic scholar. [1 Marks]

b. Describe also to the layman the various types of business that exists within the economy. [14 marks]

c. If the layman chooses to embark on any of these businesses, discuss the obligations of such business to its;

i. Customers,

ii. Workers,

iii. Management and

iv. Competitors [2.5 Marks]

3. a. Clearly differentiate agribusiness from agro-business [3.5Marks]

b. In clear terms, discuss the types of agro-industries as studied and the various likely produce outputs. [12 marks]

c. State the Marketing mix as studied. [2 marks]

4. a. There are important components of agribusiness; highlight and discuss them elaborately. [12 Marks]

b. Briefly describe how to actualize the potentials of the agro-business in Nigeria. [3.5 marks]

c. List 4 (four) Crops and their corresponding Agro Products. [2 marks]