HORTICULTURE SCIENCE
FLORICULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In a horticulture business, the product you choose to produce and retail should be at what price above the total production and marketing costs (all fixed and variable costs) to make it feasible to produce and sell?
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100%
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150%
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250%
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500%
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Explanation:
Detailed explanation-1: -Agricultural marketing covers the services involved in moving an agricultural product from the farm to the consumer. These services involve the planning, organizing, directing and handling of agricultural produce in such a way as to satisfy farmers, intermediaries and consumers.
Detailed explanation-2: -In agriculture, cost of seed, manure’s and fertilizers, irrigation, labour are the variable costs. The sum of fixed costs and variable costs forms the ‘total cost’, when the total expenditure is deducted from the total returns (income), one gets the ‘net profit’.
There is 1 question to complete.