McDonald's Success in Franchising in Global Markets Can Be Attributed

question 75

Multiple Choice

McDonald's success in franchising in global markets can be attributed to several factors which do not include:

• A)a well known global brand name.
• B)a business system that can be easily replicated.
• C)local market knowledge.
• D)cross licensing.
• E)granting franchisees leeway to tailor menu offerings to suit local tastes.

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Definitions:

Raw Materials

Basic substances in their natural, modified, or semi-processed states, used as inputs for production.

Cost of Goods Sold LIFO

An inventory costing method where the last items placed into inventory are the first ones to be recorded as sold, which can affect the cost of goods sold and inventory valuation.

LIFO Reserve

LIFO reserve is the difference between the cost of inventory calculated under the Last In, First Out (LIFO) method and its cost calculated under the First In, First Out (FIFO) method.

FIFO Estimate

An accounting technique, "First In, First Out," estimating the value of inventory or assets on the assumption that the first items acquired are the first ones to be used or sold.