Tender of delivery requires:
a. only that the seller put and hold goods that conform to the contract at the buyer's disposition.
b. that the goods be made available to the buyer for at least one week if they are not perishable.
c. that the seller give the buyer reasonable notice of the tender.
d. that tender occur during the buyer's normal business hours.
c
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At the breakeven point, the contribution margin
a. is at a maximum. b. minus total fixed costs equals a positive number. c. equals fixed costs. d. is at a minimum.
The ________ is the potential profit generated by a single customer's purchase of a firm's products over the customer's lifetime
A) lifetime value of a customer B) priority of a customer C) segmentation of a customer D) share of a customer E) equity of a customer
On the statement of cash flows prepared by the indirect method, the cash flows from operating activities section would include
A) receipts from the sale of investments B) amortization of premium on bonds payable C) payments for cash dividends D) receipts from the issuance of capital stock
Scenario 8.2 Use the following to answer the questions. KFC opened its first franchised restaurant outside of North America in England in 1964. Now over a billion KFC chicken dinners are sold annually in more than 80 countries and territories around the world. KFC has established its own processing plants in these countries to ensure the quality of its chickens and other food items. In the U.S., the menu at KFC is usually the same in all restaurants, with only a very few additional items available in different regions. However, when KFC first franchised into Asian countries, it added many unusual local delicacies to the menu--items such as fried octopus and squid. Additionally, the franchised stores in Asian countries display cooked food in "plates" near windows at the front of the
store. This is a tradition for many restaurants in these countries--to offer the customer passing by a preliminary view of their product. Refer to Scenario 8.2. The practice of offering fried octopus and squid at Asian KFCs is best described as A. a strategy of standardization. B. a strategy of globalization. C. a strategy of some customization. D. competitive advantage. E. internationalizing the franchise.