Explain Agricultural business
Explain the term Agricultural business in term of Accounting?
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Agricultural business: This business is joined with production of raw material, vegetables, seeds, milk and cattle farming that are famous in many country. 70 percent are doing agricultural activities. Cow was its main wealth. Although it is sad story of agricultural business which they are not wasting their valuable product cow by selling to butchers.
Describe determinants of the operating exposure.
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Country C is able to generate seven pounds of food or four yards of textiles per unit of input. Calculate the opportunity cost of producing food rather than textiles. Also, compute the opportunity cost of producing textiles rather than food.
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