1. What is price maker and margin maker?

Ans: Price takers are obligated to accept the current market price and sell each unit at the same price. In
perfectly competitive markets, price takers can be found.

Price makers have pricing power and can influence the market price. Price makers can be found in
markets that aren't totally competitive, such as monopolies or oligopolies.

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

Ans: Transport takes a very important place in every industry, including agriculture.In order to produce
food, farmers need certain resources, such as seed, fertilizers, pesticides, packaging materials, and many
others. Precisely because of that, transport is an essential aspect of crop production that enables
delivery of agricultural resources to a farmer.

3. When we need the storage?

Ans: we need Storage for the stack of needed and enables a concern to achieve the economies of large-
scale production, large-scale buying and selling, etc. as the goods may be kept in stores. Need for
storage: The need for storage arises mainly because of the time gap between production and
consumption of goods.