AGEC 101 Exam 1 UWRF Questions and Answers 2026 Graded to
pass.
Which type of marketing orientation focuses on keeping cost low?
Product Orientation
Which type of marketing orientation was the first to focus on the consumers wants and needs?
Consumer orientation
What is not considered a part of the macro environment that a firm faces?
Suppliers that provide resources to the firm/farm
When choosing a target market, a market segment can be defined as:
Age
Location
Income
Lifestyle
All of the above
All of the above.
What are the six parts of the global agri-food system?
Food distributors, food manufacturers, commodity processors, producers, input suppliers and food
retailers
Which of the following is an example of a commodity?
A. Pasta
B. Flour
C. Bread
D. Wheat
D. Wheat
T/F The study of agriculture only pertains to farm activities
False
T/F Farm Labor accounts for 1% of the nations GDP
True
1|Page
pass.
Which type of marketing orientation focuses on keeping cost low?
Product Orientation
Which type of marketing orientation was the first to focus on the consumers wants and needs?
Consumer orientation
What is not considered a part of the macro environment that a firm faces?
Suppliers that provide resources to the firm/farm
When choosing a target market, a market segment can be defined as:
Age
Location
Income
Lifestyle
All of the above
All of the above.
What are the six parts of the global agri-food system?
Food distributors, food manufacturers, commodity processors, producers, input suppliers and food
retailers
Which of the following is an example of a commodity?
A. Pasta
B. Flour
C. Bread
D. Wheat
D. Wheat
T/F The study of agriculture only pertains to farm activities
False
T/F Farm Labor accounts for 1% of the nations GDP
True
1|Page
