Creamy Cones Manufactures Prepackaged Ice Cream Cones

question 99

Multiple Choice

Creamy Cones manufactures prepackaged ice cream cones.It creates the cones,makes the cones,distributes the cones,and markets the cones around the country.Creamy Cones is a ________________.

• A) National brand
• B) Private-label brand
• C) Specialty brand
• D) Low-cost brand
• E) House brand

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Definitions:

Contribution Margin

The amount of revenue from sales that exceeds the variable costs associated with producing a product or service.

Production Constraint

Limitations or restrictions in the production process that prevent a company from reaching its full production potential.

Cost-Benefit Trade-Off

The balance between the advantages and disadvantages (in terms of cost) of a decision or project, to evaluate its feasibility or value.

Economic Value

The worth of a good or service as determined by the market or the perceived benefit it provides compared to the cost of its production.