Gross Profit for a Merchandiser Is Net Sales Minus

question 136

Multiple Choice

Gross profit for a merchandiser is net sales minus

• A) operating expenses.
• B) cost of goods sold.
• C) sales discounts.
• D) cost of goods available for sale.

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Definitions:

Direct Investment

An investment involving the purchase of the physical assets or a significant amount of ownership (stock) of a company in another country.

Indirect Exporting

A method of entering foreign markets by selling products through intermediaries, rather than directly to overseas customers.

Export Duties

Taxes imposed on goods shipped out of a country.

Intermediary

A third party that acts as a mediator or middleman between two entities in a business transaction, facilitating the process.