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In the Chapter Strategic Focus, Hershey responded to premium product introductions by competitors such as Godiva and Cadbury with a premium line of its own, Bliss chocolates. These are examples of actions and responses in a standard-cycle market.
Continuing Operations
The parts or actions of a company that are anticipated to persist over the coming years, not including any operations that have been ceased.
Extraordinary Item
A significant and unusual transaction distinct from the ordinary activities of the business, no longer separately classified in financial statements due to changes in accounting standards.
Disposition Gain
A financial gain realized from the sale of an asset, exceeding its book value.
Comparative Income Statement
A financial statement that compares income over multiple periods to identify trends and growth patterns.
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