HORTICULTURE SCIENCE
GENERAL AGRICULTURE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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by-product
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commodity
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product
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all of the above
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Detailed explanation-1: -A commodity is any raw material or primary agricultural product that can be bought or sold, whether wheat, gold, or crude oil, among many others. When you engage in commodity trading, such commodities can diversify your asset portfolio.
Detailed explanation-2: -Agricultural commodities include plant and animal products and their by-products, such as crops, forestry products, hydroponics, nursery stock, aquaculture, meat, on-farm generated manure, and fish and seafood products.
Detailed explanation-3: -A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services. A commodity thus usually refers to a raw material used to manufacture finished goods.