If a Company Has Sales of $150 in 2010 and $225

question 5

True/False

If a company has sales of $150 in 2010 and $225 in 2011, the percentage change from 2010 to 2011 is 50%.

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Definitions:

Strategic Planning

Developing long-term actions to achieve a company’s objectives.

Decentralization

The distribution of decision-making powers away from a central authority to lower or local levels of an organization, government, or entity.

Operative Costs

Expenses associated with the day-to-day operations of a business, including salaries, rent, and utilities.

Franchise

A type of license that a party (franchisee) acquires to allow them to have access to a business's (franchisor) proprietary knowledge, processes, and trademarks to sell a product or provide a service under the business's name.