Examlex
In 2011, a new Kentucky Fried Chicken location opens in China every 18 hours. While served with rice instead of fries, the fried chicken remains the centre of the meal. Which of the following global phenomena is this an example of?
Inventory
Refers to the goods and materials a business holds for the purpose of resale or production.
Cost Of Goods Sold
Costs that are directly related to the production of goods a company sells, encompassing expenses for labor and materials.
Profit Margin
A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, highlighting the profitability of a company.
Sales
This refers to the revenue a company generates from selling goods or services in the normal course of its business.
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