The China's Best Restaurant Chain Had a 12% Return on a $60,000

question 145

Multiple Choice

The China's Best Restaurant chain had a 12% return on a $60,000 investment in new ovens. The investment resulted in increased sales, and the resultant increase in income amounted to 4% of the increase in sales. The amount of the increase in sales must have been

• A) $7,200.
• B) $60,000.
• C) $180,000.
• D) $500,000.

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Definitions:

Industry Experience

The practical knowledge gained from working in a specific sector or industry over time.

Business Opportunity

A viable idea or proposal that can be capitalized on for profit, often requiring investment and risk.

Product Leadership

A competitive strategy focused on innovation and the development of superior products or services, emphasizing quality, performance, and features to gain market leadership.

New Product

A good, service, or idea that has not previously been made available to the market by its creator.