Kwok Winn Wants to Open a New Business in His

question 62

Multiple Choice

Kwok Winn wants to open a new business in his own country, Singapore. He has decided on a form of licensing that will provide him with a standard package of products, systems, and management services in order to sell fast food to local residents. Which of the following best describes the form of business that Mr. Winn has chosen?

• A) Direct sales
• B) Exporting
• C) Joint venture
• D) Strategic alliance
• E) Franchising

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Definitions:

Mailing Costs

Refer to the expenses associated with sending mail, including postage, packaging, and handling fees.

Income Statement

A financial document showing a company's income, expenses, and net profit over a specific period.

De Facto Annual Report

An implicit report of a company's annual performance, which has become accepted as standard despite not being officially designated as such.

Data Mine

The process of analyzing large sets of data to discover patterns and insights that can inform decision-making.