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ABM720S - AGRIBUSINESS MANAGEMENT - 2ND OPP - JAN 2023 |
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f
.,
nAm I BIA u n IVE RS ITY
OF SC!EnCE AnoTECHnOLOGY
FACULTYOF HEALTH, APPLIEDSCIENCEAND NATURAL RESOURCES
Department of Agriculture and Natural Resources Sciences
QUALIFICATION: Bachelor of Science in Agriculture
QUALIFICATION CODE: 07BAGA
LEVEL: NQF Level 7
COURSE: Agribusiness Management
COURSE CODE: AMB720S
DATE: January 2023
DURATION: 3 Hours
MARKS: 100
SECOND OPPORTUNITY/SUPPLEMENTARY
I EXAMINER(S): Mr C. L. Akashambatwa
I MODERATOR: Mrs. P. Kamenye
EXAMINATION
QUESTION PAPER
THIS QUESTION PAPER CONSISTS OF 3 PAGES
{INCCLUDING THIS FRONT PAGE)
INSTRUCTIONS
1. Answer ALL the questions.
2. Write clearly and neatly.
3. Number the answers clearly.
PERMISSIBLE MATERIALS
1. Examination paper.
2. Examination script.
3. Calculator
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Question 1
1.1. There are five types of utilities, name and explain them
[5]
1.2. List the ten elements a good marketing plan should have
[10]
1.3. Explain what marketing research is
[2]
1.4. Identify the steps involved in market research and briefly explain them
[4]
1.5. what is forecasting in agribusiness
[2]
1.6. As the sales manager, you are asked to predict the sales for the coming quarter of the
year. Using 4 months SMA, estimate the sales figures for the missing month. Data as follow:
Jan = 1200, Feb= 1320, mar= 1250, Apr= 1450, May= 1230, Jun= 1245, Jul= ?
[3]
Question 2
2.1. What is management in business?
[4]
2.2. What is marketing myopia?
[3]
2.3. As a marketing manager, draft a customer-driven marketing strategy
[6]
2.4. Why is Budgeting important in Agribusiness?
[6]
2.5. What is the purpose of a cash flow budget?
[2]
Question 3
3.1. Assume a farmer sells oranges in 10kg bag @ N$ 160 each, the labour cost is estimated
@ N$32 per bag, the cost inputs and packaging material is estimated @ N$12 per bag. The
fixed cost is calculated to be N$ 64 000. Calculate the number of bags required for the
farmer to break even?
[5]
3.2. Discussthe components of a balance sheet
[6]
3.3. Recently the food prices have been increasing tremendously in Namibia, Discuss the
major factors/reasons why food prices are escalating
[10]
3.4. Why has International trade in agricultural food products occurred, Discuss with regard
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to Namibia's economy?
[8]
3.5. What are the advantages and disadvantages of partnership in business?
[7]
Question 4
4.1. Read the following information carefully and compile a cash flow statement for three
month ( from January to March 2009)
[17]
The transaction that pertain to complete the cash flow statement are:
lZI Cash on hand on December 31 -2008 was N$1000
lZI The total sales were N$50000, N$60000 and N$70000 on each month respectively.
From this sales 20% was sold on credit that is going to be collected on the following
year.
lZI The farmer received cash from his consultant work to the neighbor farmers of
N$2000 on each month
lZI He paid N$2500 monthly for water and electricity bill,
lZI Household expenditure is N$6000 monthly
lZI Monthly labour cost was N$2000
lZI Licks account for N$1000 on each month
lZI He receive 10% for his positive bank balance, and paid10% for bank over draft
allowance
Total [100]
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