The Kofton Corporation Produces All Types of Jeans That Are

question 31

Multiple Choice

The Kofton Corporation produces all types of jeans that are sold to retailers throughout the world.Hank,the purchasing director at Kofton,has found a supplier who will provide new fabrics that are easier to launder and more comfortable to wear.Additionally,they are available at a lower price than the current jeans Kofton buys.Since Kofton wants to satisfy its customers and its bottom line,Hank thinks he has a winner.However,when presenting the news to his management team,one of them asks "will there be any child labor involved with this new supplier?" Hank has forgotten ____ which is important to the Kofton Corporation.

• A)the philanthropic position.
• B)marketing citizenship.
• C)a stakeholder orientation.
• D)community relations.
• E)social responsibility.

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Definitions:

Load Factor

In transportation and logistics, it is the ratio of actual cargo carried to the total carrying capacity available, indicating efficiency in space usage.

Operating Expense

Costs associated with the day-to-day functioning of a business, excluding direct production costs.

Yield

The income generated from an investment, usually expressed as a percentage of the investment's cost or current market value.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain those activities.