A Local Grocery Store Sets Up an Automatic Billing Counter

question 19

Multiple Choice

A local grocery store sets up an automatic billing counter for customers who buy fewer than five items so that they need not wait long to check out.This has made the billing process efficient and customers are very satisfied.This strategy reduces the gap in their services.

• A)communion
• B)standards
• C)knowledge
• D)delivery
• E)communication

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Definitions:

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment by calculating the difference between the present value of cash inflows and outflows.

Working Capital

The distinction between a corporation's short-term assets and liabilities, showing the available capital for operational purposes.

Fast-Food Chain

A series of restaurants serving food quickly and standardized in method and by the same brand name.

Payback Period

The length of time required to recover the cost of an investment or to reach the break-even point.