Question

What are two major functions of the market committee?

Answer 1

selling and buying of a product.

Answer 2

A marketing board has many responsibilities, two of them are:

1. Arranging Money

One of the functions of a committee is to help governments mobilize money so that they can buy products from farmers. This can also be done through financial institutions. Once the money is secured, this amount is used to buy and sell with a profit.

2. Buying and Selling

A big reason to establish a board is for buying and selling products. Boards decide where to buy the products and where to sell, including what will be the price, etc.

Other functions include:

• Setting prices
• Management
• Doing Research
• Giving inputs
• Funding projects