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The global demand for agricultural production increases at a rate of 6 percent annually thus several measures must be undertaken to increase the supply of the agricultural production and meet the demand. Strategic planning process must ensure all stakeholders have relevant information on the external environment trends and factors influencing the trends in the external market. According, agricultural managers and other relevant stakeholders must undertake measures to mitigate the negative impact of the external forces that may negatively affect the productivity of the agricultural industry (Ridout, 2002).
Suppliers in agricultural industries have the potential of creating competitiveness in the industry by implementing innovative farming techniques and understanding the trends in consumption in the market. Some factors that influence demand of agricultural products include the changes in income levels, changes in consumer preferences and shifts in consumer tastes. The production levels of agricultural produce are basically driven by factors of demand and supply and suppliers undertake measures to fulfill the demand in the market. For instance, the increase in human population both in rural and urban settlements has increased the demand for agricultural products. Accordingly, the emergency of modern farming technology has created demand for high quality agricultural products thus affecting the consumer preferences. In this case, a decline in consumer incomes leads to a decline demand for the products thus culminating to a decline in the prevailing market prices. Accordingly, an increase in the prices will lead to an increase in supply, but this trend will negatively affect the demand of the products in market. In this case, excess supply leads to decline in process while excess demand leads to an increase in the prices of the products. (Sarris & Hallam, 2006).
Considering the escalating
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Comparison of market structures of US retail and housing industry Executive summary This study focuses on different market structures and their implications on US retail and housing industry. These industries possess different market structures; retail industry lies in Oligopoly whereas construction industry carries monopolistic competition structure.
Hence Agricultural farming fulfills our bodily needs while tree farming completes our material needs. Tree farmers are an important group of forest landowners who provide vital support to the economic development. These tree farmers voluntarily manage their lands and strive to achieve utmost production of wood.
It also recommends the measures to avert the air-borne accidents. It not only emphasized on the accidents which occur during the flights, but also on the accidents which occur during the take-offs or landings of the flights. Safety studies are conducted at the NTSB research center.
The firm’s total profitability depends largely on the existence of rivalry in the industry. Market concentration further determines the extent to which rivalry exists in the market. Airports, routes and hub served by numerous carriers can account for intense rivalry in the industry.
These factors have the potential to raise the reputation and prestige of an organization. And they possess the power to devastate an organizations entire business circle as well. These factors vary from one organization to the other, but basically
different from each other, and both have played a part in the formation of the features of the earth as are known today (A Living Planet).
The external forces shape the superficial features of the earth’s surface, and form and reform the
The first form of tablets is branded tablets, which come under the line of tablets produced by popular manufacturers such as Apple, Amazon, and Samsung. There is also what is known as consumer tablets, which come from lesser known manufacturers.
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