To Achieve a Gross Profit, an Item's COGS Should Always

question 17

True/False

To achieve a gross profit, an item's COGS should always be less than the sales price.

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Definitions:

State Supreme Court

The highest court within a U.S. state, which typically has the final state appellate authority over legal matters and disputes.

Arbitrator

An independent person or body officially appointed to settle a dispute outside of court.

Substantially Prejudices

Critically affects or harms one's rights or interests in a significant way.

Set Aside

to cancel, annul, or invalidate a legal decision or process.