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National Open University Exam Past Question – AEM 716 JUNE/JULY EXAMINATION

NATIONAL OPEN UNIVERSITY OF NIGERIA AEM 716 Agricultural Marketing and Cooperatives

14/16 AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS SCHOOL OF SCIENCE AND TECHNOLOGY JUNE/JULY EXAMINATION

 

COURSE CODE: AEM 716

COURSE TITLE: Agricultural Marketing and Cooperatives

TIME ALLOWED: 2 Hours

INSTRUCTION: Answer section A and any other 3 questions in section B

 

 

 

SECTION A: (Compulsory 20 marks)

 

 

  1. The contemporary Nigerian cooperative societies are said to be plagued with many challenges that has impeded their effectual functioning. Highlight these challenges in few words.

 

 

SECTION B ( 15 Marks Each)

 

 

  1. List the 2 kinds of cooperative societies.

 

(b) What are the operational modalities for running each of the cooperative societies?

  1. (a) List the major participants in the marketing of agricultural commodities. (b) Mention the significance of each stage in the marketing of agricultural commodities.
  2. (a) List the Internal and external factors affecting pricing decisions.

 

(b) Briefly explain the external factors affecting pricing decisions

 

  1. (a) Define the concept of break-even analysis?

 

(b) How does this concept assist marketers in determining the profitability of a product?

  1. (a) Define elasticity of demand.

 

(b) What are the factors influencing the price elasticity of demand?

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