Panera Bread Is a Chain of Cafes Serving Sandwiches,soups,and Freshly

question 87

Multiple Choice

Panera Bread is a chain of cafes serving sandwiches,soups,and freshly baked breads.The company began in 1981 with stores primarily located along the east coast of the U.S.Since then,the firm has expanded to over 1,300 locations throughout the U.S.and Canada.The firm has strong earnings and has been designated by Business Week as a "Significant Growth Company." Panera Bread executives are considering the idea of expanding globally by opening cafes in Asia through a franchising strategy.Which of the following,if true,supports the argument that Panera Bread should expand into Asia through franchising?

• A) Panera Bread executives want to test the Asian market with a short-term commitment that allows them to make quick profits.
• B) Panera Bread executives want fast access to the Asian market without a significant investment of capital.
• C) The Panera Bread menu changes rapidly, and each cafe's artisan bread bakers receive regular training on new recipes.
• D) The Panera Bread mission is to make excellent bread available to customers around the world.

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Definitions:

Month-end Bank Statement

A document provided by a bank summarizing the account’s activity and balances over the last month, used for reconciling the bank account.

Erroneously Charged

Refers to a financial transaction or fee that has been incorrectly applied to an account.

Outstanding Checks

Checks issued by a company that have not yet been cashed or cleared by the bank, considered in reconciling the bank statement.

Month-end Bank Statement

A document issued by a bank summarizing the transactions in an account for the month, including the final balance.