If a Firm Can Reduce Its Cost of Goods Sold

question 230

Multiple Choice

If a firm can reduce its cost of goods sold and continue to sell its product for the same price,we would expect the firm to enjoy an increase in its _______.

• A)revenue
• B)liabilities
• C)gross margin
• D)employee turnover

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Definitions:

Communist Government

A form of government where the state owns and controls the major means of production and there is no private property, aiming to achieve a classless society.

Yugoslavia

A country in Southeast Europe that existed from the end of World War I until it broke up into several independent countries in the 1990s due to a series of conflicts.

Disintegration of Empires

The process by which large empires break apart into smaller political entities, often due to internal conflicts, wars, economic problems, or the push for national independence by different ethnic or cultural groups.

Instability

A situation characterized by a lack of stability, predictability, or consistency, often leading to chaos or disorder in social, economic, or political contexts.