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This chapter's "Appreciating Diversity" account describes how McDonalds was able to succeed in the Brazilian market once it adapted to preexisting Brazilian cultural patterns. This example illustrates
Net Income
The profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.
Variable Expenses
Costs that vary in direct proportion to changes in an organization's activity level or volume of output.
Operating Leverage
A measure of how sensitive net operating income is to a given percentage change in dollar sales.
Net Income
The total profit of a company after all expenses and taxes have been subtracted from total revenue.
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