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### 1.1.6
The following are guidelines for packaging raw agricultural products:
I. Product identification
II. Protection
III. Containment
IV. Risk bearing

A. (i), (iii), and (iv)
B. (i), (ii), and (iii)
C. (ii), (iii), and (iv)
D. (i), (ii), and (iv)

### 1.1.7
The process of bringing produce from different farms to a central point to facilitate marketing is known as:
A. Buying
B. Financing
C. Standardisation
D. Accumulation

### 1.1.8
The process of sorting agricultural products according to a set of standards is called:
A. Promotion
B. Law of supply
C. Market intelligence
D. Grading

### 1.1.9
The amount of produce a producer is willing and able to give to the market at a certain price is known as:
A. Supply
B. Demand
C. Buying
D. Equilibrium

### 1.1.10
The measure of how much the demand of a product changes if there is a change in price is called:
A. Storage
B. Price elasticity of demand
C. Nature of the product
D. Selling

### 1.1.11
The study of markets or groups of people you would like to sell your product to is called:
A. Equilibrium price
B. Competitor information
C. Market equilibrium
D. Market research

Sagot :

GinnyAnsweridn

Final answer:

Packaging protects agricultural products, grading ensures quality standards, and price elasticity of demand measures demand changes with price.


Explanation:

Product Protection: Packaging plays a significant role in protecting agricultural products by preventing physical damage and reducing waste. It also helps with communication, integration with various systems, and ensuring product quality and freshness.

Grading: The process of sorting agricultural products according to set standards is known as grading. This ensures that products meet certain quality criteria and helps in market segmentation based on quality.

Price Elasticity of Demand: This measures how demand for a product changes in response to a change in price. Understanding this concept is crucial for pricing strategies and market analysis.


Learn more about Packaging, Grading, Price Elasticity of Demand here:

https://brainly.com/question/30465432


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