Question

Which of the following defines agribusiness
1. A career field based on packaging foods.
2. A career field based on selling food items
3. A career field that analyzes how people spend their money on food
4. A career field that deals with managing the food supply system

Answer 1

4) A career field that deals with managing the food supply system

Agribusiness deals with the group of industries that are responsible for managing the agricultural produces, the machinery required and distributing it across the country. The term was first introduced by Goldberg and Davis in 1957.

Answer 2

The correct answer is 4.

A career field that deals with managing the food supply system. The agribusiness is related to the industries which are responsible to manage the agricultural products, the machines required and it also distribute it throughout the country.

The term agribusiness was first coined by Davis and Goldberg in 1957.