Preferred Pet Care,Inc

question 312

True/False

Preferred Pet Care,Inc. ,has recorded the following on its income statement for the period ending,December 31,2012: The return on sales = 34%.This return is outstanding and there is no need to compare this return to competitors in the veterinary services industry.

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Definitions:

Products

Goods or services that are created through a process and offered in the market to satisfy the needs or wants of customers.

Services

Services are intangible activities or benefits provided by one party to another, often characterized by their inability to be physically possessed.

Vertically

Refers to the upward or downward direction within an organization's hierarchy, often relating to communication, decision-making, or organizational structure.

Communication

The process by which information is exchanged between a sender and a receiver.