question

Which of the following global food and beverage firms has been asked by the country of India to help create heathier school meals/snacks for their free-school-lunch program? a) Coca-Cola b) Starbucks c) PepsiCo d) Nestle

answer

c) PepsiCo

question

What is the population of the United State's a) 296 million b) 316 million c) 336 million d) 356 million

answer

b) 316 million

question

Which state is the biggest dairy producer? a) Wisconsin b) California c) New York d) Pennsylvania

answer

b) California

question

Fresh pear prices in the Netherlands recently fell dramatically because of what; a) Record Harvest b) Russian Trade Sanctions c) Increased Demand d) Decreased Demand

answer

b) Russian Trade Sanctions

question

List the top 3 countries in global Corn Production (2014/2015). a) USA, Brazil, Argentina b) USA, Australia, Brazil c) USA, China, Brazil d) USA, China, Europe

answer

c) USA, China, Brazi

question

What global food and beverage company is the largest based on annual sales, by a significant margin; a) PepsiCo b) Coca-Cola c) ADM d) Nestle'

answer

d) Nestle'

question

Which one of the following has a smaller percent share in the food marketing bill? a) "Farm Share" at Home Dollar spent b) "Farm Share" Away from Home Dollar spent

answer

b) "Farm Share" Away from Home Dollar spent

question

List the top 3 Global Food Retailers in terms of Revenue: a) Wal-Mart, Tesco, Costco b) Wal-Mart, Tesco, Carrefour c) Wal-Mart, Kroger, Tesco

answer

a) Wal-Mart, Tesco, Costco

question

Nestle' is the largest food and beverage company in the world, how many brands do they have worldwide? a) 500 b) 1,000 c) 2,000 d) 3,000

answer

c) 2,000

question

Kroger is the largest supermarket chain in U.S.; operationally how many stores do they have internationally? a) 100b) 300 c) 1,000 d) none

answer

d) none

question

During our discussion in Class, we mentioned that not just General Mills but much of the packaged food industry in North America has come under earnings pressure, what did General Mills CEO Ken Powell say was the reason for their lower reported quarterly earnings? a) Industry trends were weak b) Competition from foreign companies c) Increase in the cost of raw commodities

answer

a) Industry trends were weak

question

Why did Tesco's stock price recently decline? a) Slowdown in Europe's economy b) Poor performance in their Chinese stores c) Need to restate earnings d) There was a food safety scare

answer

c) Need to restate earnings

question

Given Porter's Five Forces business strategy model and the Force "Threat of New Entrants," which one of the following is generally considered not to be a threat to a firm. a) Brand Loyalty b) Economies of Scale c) Government Regulation d) Small Buyers

answer

d) Small Buyers

question

Which one of the following does not belong to the "Threat" category of the Starbuck's SWOT analysis? a) Rising coffee bean prices b) Existing/potential competitors c) Supply disruptions d) Negative publicity

answer

d) Negative publicity

question

Which major global company is driving the expansion of the Shoreline Fruit Company's presence in the international markets? a) Aldi's b) Tesco c) Costco d) Kroger e) Wal-Mart

answer

c) Costco

question

What is the State of Michigan's U.S. rank in the production of tart cherries? a) 1st b) 2nd c) 3rd d) 4th

answer

a) 1st

question

Based on population forecasts by the United Nations, by 2050, global food production must increase by how much to keep pace with the growth in population? a) 50% b) 100% c) 150% d) 200%

answer

b) 100%

question

Asia is the most populous continent in the world, with 4.3 billion inhabitants, this accounts for how much of the world's population? a) 30% b) 40% c) 50% d) 60%

answer

d) 60%

question

Which country is expected to have the world's largest population by 2050, with 1.45 billion people? a) Nigeria b) China c) India d) Indonesia

answer

c) India

question

Which African country is expected to surpass the population of the U.S. by 2050? a) Nigeria b) Timbuktu c) Uganda d) Madagascar

answer

a) Nigeria

question

In the short film clip "How Much Food Can You Buy for $5 Around the World?" Which country could you by the most beer (not necessarily the best beer) for $5: a) China b) U.S c) France d) Australia

answer

a) China

question

In the short film clip "American's Taste Australian Food," did the American's like vegemite? a) Yes b) No

answer

b) No

question

What major U.S. retailer was forced to leave Germany in 2006 after only nine years of operation because of the competitive pressures from such low cost firms as Aldi's and Lidl? a) Tesco b) Sam's Club c) Costco d) Wal-Mart

answer

d) Wal-Mart

question

Specify the closest/best match, in 2000, what was the percentage of the U.S. labor force that worked in production agriculture? a) 2.5% b) 3.5% c) 4.5% d) 5.5%

answer

a) 2.5%

question

If we take a look at the entire land surface of our planet, how much of the soil can we actually use for planting edible foodstuffs? Dr. Winfried Blum, Soil Scientist estimates that only about ___% of the land surface of our planet is arable land and it has been shrinking worldwide for many years. What is his estimate? (chose the nearest answer) a) 5-10% b) 10-15% c) 15-20% d) 20-25%

answer

b) 10-15%

question

In 1985, farm value as a percent share of the total food dollar was about 25%, since then has the farm value share: a) Decreased b) Increased c) Stayed the Same

answer

a) Decreased

question

Comparing the "at-home" food dollar expenditure versus the "away-from-home" food dollar expenditure: which has the smallest farm value portion of the food dollar? a) at-home b) away-from-home

answer

b) away-from-home

question

Based on your answer to the previous question: justify the rationale as to why you selected the answer you did? (food dollar, away from home or at home- which has smallest farm value portion?) ______________________

answer

additional value/labor cost

question

As a rule of thumb, the farm share of the food dollar is __________ for bulky, perishable, fresh-marketed commodities? a) Smaller b) Larger

answer

b) Larger

question

As a rule of thumb, the farm share of the food dollar is __________ for highly processed food products? a) Smaller b) Larger

answer

a) Smaller

question

Nestlé is the largest food and beverage company in the world with PepsiCo being the second largest company. We discussed how many brands each company has in their portfolio; where Nestlé has significantly more brands compared to PepsiCo, what is the ratio of the number of brands between the two firms? a) Nestlé has 25 times more brands b) Nestlé has 50 times more brands c) Nestlé has 75 times more brands d) Nestlé has 90 times more brands

answer

d) Nestlé has 90 times more brands

question

List two brands for PepsiCo (remember they have a massive snack food division)? (worth 2 pts.) a) _________________ b) _________________

answer

frito-lays powerade

question

Aldi's is a German global discount supermarket chain with annual Revenue of $73.3 billion and 10,400 locations, is it a privately held firm or a publicly traded company? a) Public Company b) Private Company

answer

b) Private Company

question

Clementine's traveling from Spain to Meijer's Distribution Center in Michigan take how many days a) 5 b) 10 c) 20 d) 30

answer

c) 20

question

What is the largest volume of respective produce sold in Meijer's a) Apples b) Grapes c) Oranges d) Bananas

answer

d) Bananas

question

When Meijer's buys produce from an Import Company, financially is it high or low risk? (circle correct answer) a) High risk b) Low risk

answer

b) Low risk cheaper to buy from these companies

question

Has Meijer management encouraged the produce buying division to be "importer of record" a) Yes b) No

answer

b) No

question

Who generally provides the highest quality produce to Meijer's? a) Foreign Growers b) Export companies c) Import companies

answer

a) Foreign Growers

question

Who financially is the most risky produce supplier to Meijer's? a) Foreign Growers b) Export companies c) Import companies

answer

a) Foreign Growers

question

Do the foreign produce exporters that Meijer buy from on average face higher or lower quality standards in their non-US markets compared to the U.S. standards and markets? a) Lower b) Higher

answer

b) Higher

question

Which is NOT a major challenge in Brian's buying from foreign suppliers: a) Exchange rate change; b) input costs rising rapidly in foreign markets; c) supplier breaking arrangement due to better price in home market or China/Russia market; d) food safety of the foreign exporters

answer

d) food safety of the foreign exporters

question

What does the acronym for the U.S. regulation "C.O.O.L." stand for regarding the purchasing of foreign produce and foods? a) ________________________

answer

country of origin labeling

question

Which is a true statement regarding the topic of Foreign Direct Investment (FDI) that Brian Coates mentioned? a) Mexican Chile Pepper investments in Canada b) Canadian tomato greenhouse investments in US

answer

b) Canadian tomato greenhouse investments in US

question

How many countries does Meijer buy produce from? a) 10 b) 20 c) 30 d) 40 e) 50

answer

c) 30

question

How many pounds of produce does Meijer buy in a year? a) 10 million pounds b) 100 million pounds c) 1 billion pounds d) 10 billion pounds

answer

c) 1 billion pounds

question

What is the % volume of U.S. grown bananas bought by Meijer's annually? a) 0% b) 5% c) 10% d) 20%

answer

...

question

In many Emerging Markets are they a) Increasing or b) Decreasing their demand for produce as their incomes increase?

answer

a) increasing

question

Name two important factors for "WHY" Meijer's buys produce internationally. a) _______________________ b) _______________________

answer

seasonal, tropical, ethnic diversity, labor shortages

question

Name an Important factor for "WHEN" Meijer's buys internationally?

answer

Quality, Freshness, Availability

question

What two commodities does New Zealand produce that Meijer's buys? (select two, 2 pts.) a) Apples b) Bananas c) Kiwis

answer

a) Apples c) Kiwis

question

Why did YUM change their initial strategy of stores that were structured as joint ventures to completely company owned store units? a)__________________

answer

government policy changes

question

Why would YUM desire to have complete control of their store units, specify two reasons? a) ________________________ b) _______________

answer

(capture all profit + quality standards)

question

Does a KFC China store have a) More or b) Less workers than a typical U.S. KFC store?

answer

a) more

question

Does a KFC China store have a larger or smaller menu compared to a U.S. KFC store? a) Larger b) Smaller

answer

a) Larger

question

Does a U.S. KFC store typically generate a) More or b) Less revenue than a KFC China store?

answer

b) Less

question

What is the share of YUM China's operating profit compared to total YUM global operating profits in 2010? a) nearly one-quarter b) almost one-half c) nearly three-quarters

answer

b) almost one-half

question

How many stores per day has YUM China opened on average during 2005-2010? a) half a store per day b) about one store per day c) a quarter of a store per day

answer

b) about one store per day

question

YUM China's early entry (late 1980s early 1990s) strategy of ownership was: a) YUM owned units b) joint ventures and franchises c) rental of YUM stores to operators

answer

b) joint ventures and franchises

question

YUM China implemented the STAR system in 1997. What was this important system? a) a system of standards for food safety in chicken procured b) a system of truck logistics tracking for its own distribution company c) a system of customer tracking to fine-tune product assortment d) a system of supplier rating to help quality management process

answer

d) a system of supplier rating to help quality management process

question

In 2002, YUM China, decided to move from opening 100 stores a year to 400 a year, they required step-change in three things; which did YUM consider the biggest bottleneck to fast expansion? (choose one) a) development of site (identification, lease negotiations, construction, licensing) b) supply and distribution capabilities c) training of new restaurant managers and staff

answer

c) training of new restaurant managers and staff

question

The case study estimated that the YUM China business would be in what size relation to the YUM US business in five years: a) half as big b) same size c) twice as big

answer

c) twice as big

question

Does KFC China have the same menu in all locations in China? a) Yes b) No

answer

b) No

question

The YUM case study made a special emphasis on congee for three reasons: this dish/food is not chicken, and thus is not a traditional item of KFC, but rather represents the big emphasis of YUM on menu variety in China as Chinese come to the restaurants for meals that are varied and not for a single item as in the US, and congee represents a Chinese food specifically, thus showing adaptation/local-focus; moreover, this dish is eaten traditionally at a time of the day when KFC stores were not doing much business and were thus wasting overhead expenditure (rent); so congee was introduced for these three reasons at what meal time? a) lunch b) breakfast c) dinner

answer

b) breakfast

question

YUM China uses a large network of distribution centers in China for logistics that cover small and large cities in order to make it the leading fast food chain. Is the company it uses for those logistics: a) its own sole-owned company b) third party logistics (not its own)

answer

a) its own sole-owned company

question

From which giant processed food multinational firm did YUM acquire its brands (different fast food chains): a) Nestle b) Kraft c) PepsiCo d) ConAgra

answer

c) PepsiCo

question

Which country is the base of Walmart's largest export operation? a) Chile b) China c) UK d) Japan

answer

b) China

question

What was the first Asian country that Walmart entered and left, per the HBS case study? a) China b) Japan c) South Korea d) Thailand

answer

c) South Korea

question

What is the name, noted in the HBS case, of the smaller-format Walmart store that aims to gain foothold in dense urban markets? a)Walmart City Mart b)Sam's Club c)Walmart Neighborhood Markets d)Walton Convenience Store

answer

c)Walmart Neighborhood Markets

question

First country outside US that Walmart went to, per the HBS case: a) UK b)Canada c)Mexico d)China

answer

c)Mexico

question

Per the HBS case study, what chain was the leader in UK at time of the case? a) Asda b) Tesco c) Sainsbury d) Carrefour

answer

b) Tesco

question

In the HBS case study of Nestle, what food technology created the initial strategic advantage for Nestle in the production of infant formula? a) High-temperature processing of milk for food safety b) Addition of vitamin D to milk c) Chocolate flavoring of milk d) Milk drying process that retained nutrients

answer

d) Milk drying process that retained nutrients

question

In the HBS case study of Nestle, what food technology invention created the advantage of Nestle in the global coffee market? a) flavoring of coffee beans with nut extract oils; b) dry/soluble coffee powder; c) canning coffee milk and sugar combination; d) roasting coffee in energy-efficient ovens

answer

b) dry/soluble coffee powder

question

In the HBS study, Nestle greatly increased its presence in the U.S. market starting in the 1980s; it made what was considered at that time as a historically giant acquisition, a US company in a product line that was Nestlé's traditional line; that company was: a) Colgate b) Proctor & Gamble c) General Mills d) Carnation

answer

d) Carnation

question

From which company did Nestle buy the former-US firm Gerber? a) Kellogg's b) Ralston-Purina c) Novartis d) Ahold

answer

c) Novartis

question

Roger Veliquette mentioned multiple "Strengths" of the Shoreline Fruit Companies, name two of the "Strengths." a) __________________________________ b) __________________________________

answer

(Good Staff, Can't fail attitude, Total integration, Loyalty)

question

In Shoreline Fruit Companies SWOT analysis, explain why they made the comment that they "lacked a total organizational strategic plan."________

answer

too many different moving parts, generation difference

question

Give one example of a "threat" element listed in the Shoreline Fruit Companies SWOT analysis. a) ____________________

answer

weather/crop year like 2002, sudden loss of patriarch figures

question

What is the U.S. rank of Michigan's production of tart cherries? a) ______________

answer

1st

question

What is 60/40 rating system? Which Firm was using this method in our case studies? a) ________________________ b) _________________________

answer

Products must be preferred at least by 60% of the respondents in blind tests against direct competitors. Nestle

question

Nestlé's business model has always been to produce their own agricultural inputs and ingredients themselves rather than buy from outside suppliers. a) True b) False

answer

b) False

question

Choose the brand/sectors that Nestle owns/participates. (select all that apply or none) a) Stouffer's (prepared food) b) Alpo (pet food) c) Haagen-Dazs (ice cream) d) Perrier (water) e) None

answer

a) Stouffer's (prepared food) b) Alpo (pet food) c) Haagen-Dazs (ice cream) d) Perrier (water)

question

Nestle believed in uniform worldwide taste standards to make its products. a) True b) False

answer

b) False

question

Nestle prefers to buy agricultural products from local markets often directly from farmers rather than world markets. a) True b) False

answer

a) False

question

Which of the following are part of the four growth platforms that were identified by Nestlé's in order to double sales over the next 10 years. a) Health nutrition and wellness b) Emerging Markets c) Premiumization d) All

answer

d) All

question

Which of the following belongs to the list of the strategies that Wal-Mart used to confront the challenges of mediocre stock performance and competition from Target? a) Improve operations in merchandising/store format b) Improve human capıtal/public relations c) Continue to move into international markets d) All

answer

d) All

question

Which one of the following was not one of the reasons for Wal-Mart to be criticized in our case study? a) Low pay/part time job reliance b) Food Safety Problems in their grocery c) Failing to enforce child-labor rules d) Resisting for unionization

answer

b) Food Safety Problems in their grocery

question

Which one of the following was not a strategy used by Wal-Mart to address increased criticism? a) Campaign that highlighted new low-cost generic drug product b) Contributions to Hurricane Katrina relief c) Effort to showcase its environmental sensitivity d) Increasing wages and full-time jobs

answer

d) Increasing wages and full-time jobs

question

Which Country accounted for roughly 50% of Wal-Mart's international net income in 2006? a) China b) India c) United Kingdom d) Brazil

answer

c) United Kingdom

question

Which one of the following had an adverse effect on Wal-Mart's image in Asian Markets according to the Case? a) Too much advertisement caused suspicion b) Asians equate low prices with low quality c) They picked wrong firms in the sense that historically regarded as low quality d) None of the above

answer

b) Asians equate low prices with low quality

question

Which one of the following is the main competitor among discount merchandisers in the U.S for Wal-Mart? a) Kmart-Sears b) Target c) Kroger d) Meijer

answer

b) Target

question

`Nestle as a global company is concerned about the following problem that is developing in Africa (fill in the blank) a) __________________________

answer

Ebola

question

`Two questions: what country in West Africa produces 40% of the world's supply of what commodity? (two points) a) Ghana b) Ivory Coast c) Liberia d) Guinea a) Cocoa b) Sweet Potatoes c) Sugar Cane d) Mangos

answer

b) Ivory Coast a) Cocoa

question

`Nestle has just announced that it is forming an alliance in China with what U.S. company to help train dairy farmers? a) ConAgra b) Land O'Lakes c) Cargill d) Monsanto

answer

b) Land O'Lakes

question

`Based on the HBS case study, ConAgra has made how many acquisitions over a 25 year period? a) 8 b) 80 c) 180 d) 280

answer

d) 280

question

`ConAgra pioneered what food category? a) Functional Foods b) Snacks c) Healthy Foods d) Nutraceuticals

answer

c) Healthy Foods

question

`In the ConAgra HBS case the new CEO felt the company was too what? a) Decentralized b) Centralized c) Inbred d) Integrated

answer

a) Decentralized

question

`Rhodes, the ConAgra CEO realigned the functional aspects of the company's business around three segments: ConAgra Foodservice, ConAgra Retail, and a third segment ________________, to focus on key customer channels. (circle answer below) a) ConAgra Research and Development b) ConAgra Global Operations c) ConAgra Ag Inputs d) ConAgra Food Ingredients

answer

d) ConAgra Food Ingredients

question

`The ConAgra Foodservice group worked diligently to rationalize their SKUs, what does SKU mean? a) stock-keeping units b) standardized-keeping units c) simplified-keeping units d) streamlined-keeping units

answer

a) stock-keeping units

question

`Based on the video you watched in class, pink goop is used to make McDonald's chicken McNuggets? a) Yes b) No.

answer

b) No

question

`In the Chipotle video entitled the "Scarecrow" what kind of animal was being injected with a large needle and chemical? a) Hog b) Chicken c) Dairy Cow d) Beef Cow

answer

b) Chicken

question

`In the Chipotle video "Back to the Start" who sings the theme song? a) Blake Shelton b) Elvis c) Willie Nelson d) Tug McGraw

answer

c) Willie Nelson

question

`The Chipotle video about "Holthouse Farms" addresses Chipotle's philosophy of trying to source locally grow inputs in order to reduce the amount "food miles," what did Holthouse Farms grow? a) Organic corn b) Hydroponic tomatoes c) Cilantro d) Jalapeño peppers

answer

d) Jalapeño peppers

question

`Based on the case study, Monsanto spends approximately how much in Research and Development annually? a) $100 million b) $500 million c) $750 million d) $1.0 billion

answer

d) $1.0 billion

question

`How many phases are there in Monsanto's product development process? a) Five b) Three c) Seven d) Ten

answer

a) Five

question

`How many years does it typically take for Monsanto to bring a product to commercial launch? a) Five b) Ten c) Two d) Seven

answer

b) Ten

question

`The U.S. Food and Drug Administration (FDA) allows producers to use hormones in chickens? a) Yes b) No

answer

b) No

question

`The U.S. annually grows the largest number of acres of Biotech crops, what country grows the second most Biotech crops? a) Argentina b) Russia c) Australia d) Brazil

answer

d) Brazil

question

`What major biotech crop has the highest adoption rate (77%) of total global acres planted/harvested? a) Soybeans b) Corn c) Cotton d) Kumquats

answer

a) Soybeans

question

`Steve Ells, founder and Chairman and CEO of Chipotle, learned that most of the hogs (approximately 95%) in the U.S. are grown in confinement systems. He said in the video that "I didn't want that kind of ___________ to be part our success." a) Abuse b) Suffering c) Torture d) Slavery

answer

b) Suffering

question

`According to our guest speaker Matt Birbeck, food companies can be classified in one of how many potential stages of activity? a) 2 b) 3 c) 4 d) 5

answer

b) 3

question

`Based on the previous question, what is the primary determinant for establishing a company's stage classification? a) A company's marketing capabilities b) A company's level of research expenditures c) A company's brand awareness d) A company's profit level

answer

c) A company's brand awareness

question

`Which one of the following is not a reason to export? a) Create more income/profit b) Your domestic market is becoming mature c) Your brand has global potential d) None

answer

d) None

question

`From Matt Birbeck's slide "7 steps to Exporting," list two of the important steps (2 points). i)_____________________________________ ii)___________________________

answer

(market res., financial plan,marketing plan) (best delivery method (supply chain) (please refer to the slides)

question

`Matt Birbeck said that "America is a trend based country and that we are often not very loyal to certain brands or trends." Based on the food brands listed below, which food has the absolute lowest brand loyalty? a) Pepsi Cola b) Fruit Loops cereal c) Starbuck's coffee d) Dasani Water.

answer

b) Fruit Loops cereal

question

`Based on the Zespri lecture, which country is the largest global exporter of kiwifruit? a) New Zealand b) China c) Italy d) Chile

answer

a) New Zealand

question

`Zespri was initially very successful with their green kiwifruit variety, not wanting rest on past successes they developed a new premium variety called the _____________ variety? a) Star b) Chartreuse c) Red d) Golden

answer

d) Golden

question

`New Zealand's largest export market for kiwifruit is to which country? a) United Sates b) France c) Japan d) Germany

answer

c) Japan

question

`New Zealand consumes more kiwifruit domestically than they ship internationally? a) True b) False

answer

b) False

question

`The State of Vermont enacted a specific food law this summer that is expected to be put into effect July 2016, what is the law, be specific. ________________

answer

(GMO LABELING)

question

`The Vermont food law is supported (see previous question) by the highly successful and socially active ice cream company Ben and Jerry's, what multinational food company owns Ben and Jerry's and is opposed to the new law? a) Nestle b) Unilever c) Mondelez d) General Mills

answer

b) Unilever

question

`The Hartman Group (a trend tracking firm) has stated that the number of consumers from 2007 to 2014, that are intentionally avoiding genetically modified ingredients is increasing, is this: a) True or b)False

answer

a) True

question

`Based on the HBS case, GLOBALG.A.P., what does the acronym GAP stand for? __________________________

answer

(Good Agricultural Practices)

question

`Which segment of the food industry took the lead in the advancement of GLOBALGAP? a) Suppliers b) Retailers c) Agricultural Workers d) Non-Governmental Organizations

answer

b) Retailers

question

`GLOBALGAP is a voluntary program which certifies the practices of agricultural producers/suppliers a) True b) False

answer

a) True

question

`Which one of the following was not a factor that caused the significant interest in GLOBALGAP? a) Traceability b) Food safety Concerns c) Avoiding GMO products d) Mad Cow disease

answer

c) Avoiding GMO products

question

`What does the acronym IPM stand for? _________________________

answer

Integrated Pest Management

question

`Why are McDonald's U.S. same store sales falling? (Select all that apply or none) a) Costumers are looking for more customizable products b) Costumers are looking for dining in more inviting atmospheres c) Changing costumer tastes particularly among in millennials d) None

answer

a) Costumers are looking for more customizable products b) Costumers are looking for dining in more inviting atmospheres c) Changing costumer tastes particularly among in millennials

question

`In class, we talked about the U.S. cigarette industry and how their domestic sales started to decline, what was their strategy to address this concern? a) Raised domestic prices b) Spent more on advertising c) Focused on new markets in developing countries d) Developed new products such as smokeless cigarettes

answer

c) Focused on new markets in developing countries

question

`Based on the videos we watched, which of the two following events are the "twin revolutions" that have transformed Argentina into one of the most productive agricultural regions in the world (select two) (2 points). a) adoption of new irrigation techniques and water conservation practices b) adoption of no-till farming practices c) adoption of capital intensive equipment d) adoption of genetically modified seeds

answer

b) adoption of no-till farming practices d) adoption of genetically modified seeds

question

`American farmers cannot benefit from the same economies of scale as their South American counterparts, they have however, benefited from the following: (Select all apply or none if not true) a) Advanced road, rail and waterway infrastructure b) Stable Macroeconomic conditions c) Multibillion-dollar system of agricultural support d) None of the above

answer

a) Advanced road, rail and waterway infrastructure b) Stable Macroeconomic conditions c) Multibillion-dollar system of agricultural support

question

American Farmers can produce soybeans at a lower cost than South American (Argentina and Brazil) farmers? a) True b) False

answer

b) False

question

`Because crop insurance is expensive in Argentina, the company El Tejar relies on the wide geographical spread of its operations to protect against weather concerns (hail and drought), insects and disease? a) True b) False

answer

a) True

question

`Due to the chronic underinvestment problem in Argentina's agricultural infrastructure, most farmers are not able to store their harvested crop on-farm and sell later in the market. What was the solution for the Argentine farmer's to this problem? ______________________________

answer

Silo Bags Note that the existing problem is "sending/shipping" immediately, not the solution

question

`List the two primary co-products that are derived from crushing soybeans: i)__________________________ ii)__________________________

answer

Soybean meal soybean oil

question

`Ethanol made from sugar cane costs significantly more than ethanol produced from corn. a) True b) False

answer

b) False

question

Based on the Harvard case study "The Global Farmer and the Future of Soybean Production," according to consultant Richard Halderman, what is the estimated minimum size of operation in ________ acres in the U.S. that is necessary to compete with South American producers? a) 10,000 b)15,000 c) 20,000 d) 25,000

answer

d) 25,000

question

`Yili Group invested in technology to manufacture UHT milk, what does UHT stand for?_________ and what is the benefit for using UHT technology and producing UHT milk? Be explicit. ________________________

answer

Ultra High Temperature longer shelf life

question

`Based on the HBS Yili case study, what were the top 3 challenges faced by the company? (select 3) a) Competition with new and old companies for market share b) Import quotas which prevent them to enter the foreign markets c) Retain access to milk supplies d) The ability to obtain enough resources for land and manage channel relationships

answer

a) Competition with new and old companies for market share c) Retain access to milk supplies d) The ability to obtain enough resources for land and manage channel relationships

question

`The Yili group utilized which methods in order to minimize milk price fluctuations and obtain stable milk supplies (select all that apply) a) Renting untapped green areas for their land b) Co-investing in farmland c) 3-5 Years exclusive contracts d) Annual contracts with milk-stand owners

answer

b) Co-investing in farmland c) 3-5 Years exclusive contracts d) Annual contracts with milk-stand owners

question

`Yili built global partnerships with other companies in order to claim tax benefits in the foreign countries a) True b) False

answer

b) False

question

`Give 2 global company names that have joint dairy ventures in China (2 pts) I)_____________________________ II)_____________________________

answer

(Dannone, Kraft, Fronterra, Rich Keen Company, Uni-presidentgroup).

question

`Smithfield Foods, the #1 pork producer and processor in the U.S., was bought by the Chinese company Shuanghui in 2013, why was this company interested in buying Smithfield? Give 2 reasons based on our class discussion. (2 pts) i) ______________________________ ii) _____________________________

answer

(growing middle class/ increased demand for meat/pork) (Food safety concerns, technology adoption etc)

question

`Which one of the following was not a business strategy that Smithfield followed? a) Shifting manufacturing to cheap plant and land areas b) Buy brands and second-stage plants in developed areas with meat quality tradition c) Grow processed/branded meat in China d) Buy foreign companies and immediately replace senior managers

answer

d) Buy foreign companies and immediately replace senior managers

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