Introduction to agribusiness questions.

A team can be defined as an organized group of individuals of varying skills and expertise who come together to achieve a specific / common  goal. In recent decades there has been a sharp increase in the use of work teams at work places in different proffessions. Using four elaborated points explain why is important to use work teams.

“Agribusiness refers to the situation where by the agricultural enterprise is owned by corporate business and operates for profit maximization. Farmers produce crops for sale into the food markets or as raw materials in manufacturing . It generally involves large scale arable farms, and it is highly capital intensive and mechanized”.

1. Using your knowledge of agribusiness , do you agree or disagree with this definition?
2. Mention any three agribusiness you know in Tanzania giving brief description of what they do.
3. Bearing in mind your answers in (a) and (b) above how would you explain the concept of agribusiness in a Tanzanian context to a layman.

Farm production is the most important sector among the three agribusiness sectors.

The three agribusiness sub-sectors are integrated ; any change that happens in one sub-sector may have a negative or positive implication to the other sub-sectors.

Price collusion is among the agribusiness negative practices that deny the farmers their right to fetch fair prices for their produce.

Small scale of production , individualism and lack of knowledge are among the many factors that lowers the bargaining power of the farmers relative to the other two agribusiness sub-secotors` participants.

Planning helps to anticipate and consequently eliminate risks and uncertainty in a business.

For a creative person, every problem presents an opportunity ; but there are other problems which doesn`t present any opportunities.

Though advocated in literature , accceptance for changes is not alyways a good way of nurturing creativity in a firm  as it may lead  to substantial  financial losses.

Organic farming is the practice that avoids the use of synthetic chemicals and genetically modified organisms (GMO) and follows the principles of sustainable agriculture.