Connie’s Is a Regional Chain of Family Style Restaurants in the Midwest

question 87

Multiple Choice

Connie’s is a regional chain of family style restaurants in the Midwest. Over the years, Connie Sedgewick has been an innovative, hard working businessperson who’s expanded her business to 15 locations in four states. A “calling card” of her restaurants is the superior customer service provided by the entire staff and the ability to add and change menu items for local customer preferences. Connie has a good working relationship with suppliers, employees, and customers and a good reputation in the communities where she does business.
-Conceivably,Connie could get new product or service ideas from _____.

• A)suppliers
• B)employees
• C)customers
• D)all of these

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Definitions:

Short-Form Merger

A merger between a subsidiary corporation and a parent corporation that owns at least 90 percent of the outstanding shares of each class of stock issued by the subsidiary corporation.

Acquisition

The act of obtaining control of another company or asset, typically through purchase or merger.

Corporation

A corporation is a legal entity that is separate and distinct from its owners, formed by a group of people or shareholders, and recognized as having rights and responsibilities similar to those of an individual.

Statutes

Laws or acts enacted by a legislative body to regulate, authorize, sanction, grant, declare, or restrict.