After Gross Profit Is Calculated, Operating Expenses Are Deducted to Determine

question 90

Multiple Choice

After gross profit is calculated, operating expenses are deducted to determine

• A) gross margin.
• B) net income (loss) before income tax.
• C) cost of goods sold.
• D) profit margin.

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Definitions:

Psychological Needs

Fundamental human motivations that encompass aspects like autonomy, competence, and relatedness, influencing behavior and well-being.

Consumer Decision Process

The steps that consumers go through before, during, and after making a purchase, including problem recognition, information search, evaluation of alternatives, purchase, and post-purchase evaluation.

Internal and External

Refers to factors or influences within an organization (internal) and outside influences affecting an organization (external).

Unsatisfied Need

A consumer demand or desire that has not been fulfilled by existing products or services in the market.