A Company Can Improve Its Profit Margin by

question 32

Multiple Choice

A company can improve its profit margin by

• A)decreasing its gross profit margin.
• B)controlling its operating and other expenses
• C)experiencing an increase in the income tax rate.
• D)earning other expenses.

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Definitions:

European Monetary Union

A coalition of European countries that have adopted a standardized legal tender, the euro, and have a unified monetary policy managed by the European Central Bank.

Domestically

Pertains to activities or production occurring within a country's borders, as opposed to internationally.

Import

Items or services imported from one nation to another for the purpose of selling.

Adam Smith

An 18th-century Scottish economist and philosopher regarded as the father of modern economics, known for his work on free markets and the division of labor.