In Response to a Major Competitor,a Local Pizza Company Begins

question 1

Essay

In response to a major competitor,a local pizza company begins to pay $5 to customers whose home delivered pizza did not arrive within 30 minutes after the order was placed.Explain why you applied that specific distribution to answer the preceding question.

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Definitions:

Sales

The trading of products or services in return for money, which serves as the main income stream for the majority of companies.

Cost of Goods Sold

The immediate expenses incurred in the production of a company's sold goods, encompassing materials, labor, and overhead costs.

Operating Expenses

Expenses incurred during regular business operations, such as rent, utilities, and salaries, but excluding cost of goods sold.

Cash Payments

Outflow of cash as a result of transactions, such as paying expenses, purchasing assets, or repaying debt.