The Hershey Company, the largest U.S. chocolate manufacturer, decided to enter the Chinese market in 2013 because:
A. the U.S. population was growing slowly and becoming more health conscious.
B. its strategic position in the U.S. market was well protected through high entry barriers.
C. this would help the company gain access to large cocoa plantations in China.
D. Hershey's main strategic focus was on product and market diversification and not on the domestic market.
Answer: A. the U.S. population was growing slowly and becoming more health conscious.
You might also like to view...
Which of the following was an accomplishment of the American Association of Public Accountants?
a.The passage of a law in 1896 that created the professional designation of “Certified Public Accountant” b.The founding of The Journal of Accountancy in 1905 c.The development of a list of terms and definitions in 1915 d.All of the above
The formula to calculate units-of-production depreciation is ________
a. (Cost ? residual value) × (Rate based on the year / Sum of the years) b. (Cost ? residual value) / Total units of production c. (Cost ? residual value) / Useful life d. (Cost ? Accumulated depreciation at the beginning of year) × Double-depreciation rate
Which salutation uses correct capitalization?
A) dear manager Kohler: B) Dear manager Kohler: C) Dear Manager Kohler:
Financial accounting focuses primarily on reporting:
A. to financial institutions. B. to parties outside of an organization. C. to parties within an organization. D. for financial institutions. E. to an organization's board of directors.