Question

The term agribusiness was first used at Harvard University in 1955 by:

• A. Lawrence A. Appley
• B. William Spriegel
• C. Henri Fayol
• D. John H. Davis

Hint:

Remember the founding duo of agribusiness: John H. Davis and Ray A. Goldberg.
Davis introduced the term at Harvard Business School, helping establish the field of agricultural business management.

Answer 1

The Correct Option is D

Step 1: Understanding the Concept:
Agribusiness refers to the collective business activities performed from farm to table.
It includes input supply, agricultural production, post-harvest processing, and distribution.
Detailed Explanation:
The term "agribusiness" was first coined in 1955.
It was introduced by John H. Davis along with Ray A. Goldberg at Harvard Business School.
They published their concepts in a foundational book titled "A Concept of Agribusiness".
This work established agribusiness as a distinct academic discipline.
It emphasized the integration of agricultural sectors with industrial supply chains.
Let us review the options:
- Option (D) correctly identifies John H. Davis.
- Other options list general management theorists who were not involved in agricultural economics.

Step 2: Final Answer:
The term agribusiness was first used at Harvard University in 1955 by John H. Davis.