Tricon Was the Restaurant Division of PepsiCo Until It Was

question 176

Multiple Choice

Tricon was the restaurant division of PepsiCo until it was spun off in 1997.Since then Tricon has opened 6,000 KFC restaurants abroad.It has 158 restaurants in Indonesia and more than 500 restaurants in China.All are locally owned and subject to a contractual agreement that allows the owners to operate the business under the established KFC brand name and according to specific rules.Tricon is engaged in

• A) contract assembly.
• B) a joint venture.
• C) contract manufacturing.
• D) a partnership.
• E) franchising.

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Definitions:

Quantity Demanded

Quantity demanded refers to the total amount of a good or service consumers are willing to purchase at a specific price point, at a given time.

Quantity Supplied

The total amount of a commodity that producers are willing and able to sell at a given price level, during a specific time period.

Supply Curve

A graphical representation showing the relationship between the quantity of a good supplied and its price.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price level in a market.