HORTICULTURE

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HORTICULTURE SCIENCE

GENERAL AGRICULTURE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following statements accurately applies to agribusiness?I-Agribusiness is associated with vertical and horizontal integration of the processes involved in the agricultural processII-Agribusiness involves the increasingly global division of the agricultural production processIII-Individual farmers do not play a role in agribusiness, only corporate conglomerates.IV-Agribusiness is contributing to agricultural industrialization.
A
I and II
B
I, III, and IV
C
II, III, and IV
D
I, II, and IV
E
I, II, III, and IV
Explanation: 

Detailed explanation-1: -Horizontal integration is when a business grows by acquiring a similar company in their industry at the same point of the supply chain. Vertical integration is when a business expands by acquiring another company that operates before or after them in the supply chain.

Detailed explanation-2: -Vertical farming is the practice of growing produce in vertically stacked layers. The practice can use soil, hydroponic or aeroponic growing methods. Vertical farms attempt to produce food in challenging environments, like where arable land is rare or unavailable.

Detailed explanation-3: -Horizontal integration is an expansion strategy adopted by a company that involves the acquisition of another company in the same business line. Vertical integration refers to an expansion strategy where one company takes control over one or more stages in the production or distribution of a product.

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