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[Agricultural Science/center] Instructions: Answer ALL questions. Students are reminded to remain quiet at ALL times. Communication between students are strictly prohibited.

1. Explain what is meant by a business? 1mk
2. List the resources needed for the operation of an agribusiness. 3mks
3. Define the terms:

(a) capital (b) input (c)output (d) profit (e) marketing (f) expenditure. 6mks

1. Explain what is meant by the term primary production? 3mks
2. (a) list the important factors involved in marketing. 3mks

(b) give the meaning of EACH named in (5a) above. 3mks

1. Explain what an inventory record is. 3mks
2. Name (4) four types of records kept on a farm. 4mks
3. Explain what is meant by the term environment. 2mks
4. a farmer spend $800 to run his farm. He then sold his produce for 1200

(a) Calculate the profit or loss of the farm. Show All working 3mks (b) Give one reason why a farmer should know how his farm is doing financially.2mks