Course Content
Introduction to agribusiness management
definition, Scope and importance; concept of business management
0/5
Basic concept and definitions of firms, plant, industry and their interrelationships with respect to agricultural production
0/1
Agribusiness environment, management systems, and managerial decisions
0/3
Organization and functions in business management
0/2
Preparation of financial statements and analysis, agribusiness financing
0/5
Leadership and motivation, economic principles involved in capital acquisition
0/4
Cooperatives
Concept, definitions, role, organization, structure, cooperative law and bylaws, developing agriculture cooperatives, cooperative marketing, cooperative farming
0/5
Impact of government policies on agribusiness enterprises
0/2
Learn Agribusiness Management, Marketing and Cooperatives with Rahul
About Lesson

Risk

Uncertainty

1. Imperfect knowledge that may result to adversity and loss where the probabilities of the possible outcomes are known.

1. Uncertainty refers to situations where it is not possible to attach probabilities to the occurrence of events. The likelihood of their occurrence is never known by the decision maker or by anyone else

2. Probability can be estimated.

2. Probability cannot be estimated.

3. Possible to guess.

3. Not possible to guess.

4. Can be insurable.

For example: Fail/pass= 1⁄2= 0.5<1.

4. Can’t insurable.

For example: Bird flue

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