1. What is price maker and margin maker?

Ans: Price takers must accept the current market price and sell each unit for the same amount. Price
takers can be discovered in completely competitive markets.

Price makers wield pricing power and have the ability to influence market prices. In markets that aren't
completely competitive, such as monopolies or oligopolies, price makers can be found.

2. Why we need to consider the transportation when we are in the agribusiness?

Ans: Every industry, including agriculture, relies heavily on transportation. Farmers require a variety of
resources to produce food, including seed, fertilizers, pesticides, packaging materials, and other items.
Because of this, transportation is an important part of crop production that allows agricultural resources
to be delivered to a farmer.

3. When we need the storage?

Ans: .We require storage for the stack of items required, which allows a company to achieve economies
of scale in terms of large-scale production, large-scale buying and selling, and so on, because the goods
may be held in stores. Storage requirement: The requirement for storage emerges primarily as a result
of the time gap between the creation and consumption of commoditiesWe require storage for the stack
of items required, which allows a company to achieve economies of scale in terms of large-scale
production, large-scale buying and selling, and so on, because the goods may be held in stores. Storage
requirement: The requirement for storage emerges primarily as a result of the time gap between the
creation and consumption of commodities