Describe new learning related to key concepts within the course. Review the rubric to make sure you understand the criteria for earning your grade. Read, watch, or review the

Describe new learning related to key concepts within the course.

• Review the rubric to make sure you understand the criteria for earning your grade.
• Read, watch, or review the resources on the Problem Overview(new tab) page as well as the following resources:

1. The theory of the firm provides insights into price and quantity determination. What implications does the VBM have? The main economic decisions a manager makes deals with prices and quantities. You may want to review how decisions are made in the different market structures. Here is a refresher on prices and output decision making in the various market structures:
   1. Webpage: Pricing in Different Markets(new tab)
2. It is recommended that you refer back to the Virtuous Business Model presented in the BADM-703 Virtuous Leadership and Global-Based Teams class:
   1. Article: Virtuous Leaders & Organizations(PDF document) (pages 56-60)
   2. White Paper: Making Business Virtuous (DeVoe School of Business White Paper)(PDF document)

• Write an initial response to the following key prompt: Briefly critique the economic decision-making process within the agricultural industry for alignment with the VBM.
• Post your initial response as a new thread in the Key Question discussion topic by Day 5.
• Read and respond to at least one of your classmate's posts by the end of the workshop.