Title: Set profit goals.
Course: Agricultural Business Fundamentals I (18201-I) > Section: Understanding Agribusiness Structures and Procedures

Setting goals should include

- definition of profit goals
- discussion of why profit goals are necessary
- research to set realistic profit goals
- determination of profit goals for an agricultural business
- SWOT analysis.

Process/Skill Questions:

- How does one determine the profit goals for a business?
- What percentage profit should one expect a business to make?
- How often should one adjust profit goals?
- What effects do supply and demand have on profit margin?
- What are the perceived challenges to achieving this profit goal?