Write an initial response to the following key prompt: Based upon your investigation of the agricultural industry thus far, choose a specific agricultural market and describe the competitive environment at each stage in the supply chain (the suppliers of feed and other inputs, the individual farmer, the aggregator of the farm output, the food manufacturer, and the final consumer.) How did you make your determination of market structure in each of these stages? From a VBM perspective, how might understanding the market structure affect decision-making?
After you answer the questions on your own, find a generative artificial intelligence program online and input this query, “In the [Market You Chose] market, what is the competitive environment at each stage in the supply chain (the suppliers of feed and other inputs, the individual farmer, the aggregator of the farm output, the food manufacturer, and the final consumer)? How do you make a determination of market structure in each of these stages? From the perspective of a virtuous business manager, how might understanding the market structure affect decision-making?”
Some of the better known AI platforms are Viso Suite, ChatGPT, Jupyter Notebooks, and Google Cloud AI. Or you could submit your own Google search for an alternative AI platform.
How to cite AI(new tab) with The American Psychological Association
McAdoo, T. (2024, February 23). How to cite ChatGPT. APA Style Blog. https://apastyle.apa.org/blog/how-to-cite-chatgpt.
How to cite AI(new tab) with Purdue University
Purdue University Libraries and School of Information Studies. (nd). How to Cite AI-Generated Content. LibGuide. https://guides.lib.purdue.edu/c.php?g=1371380&p=10135074.
Scan how the AI’s response is similar or different from your own response. Were you surprised by anything in the AI generated response?