Which of the Following Correctly Describes the Gross Profit Percentage

question 44

Multiple Choice

Which of the following correctly describes the gross profit percentage?

• A)The gross profit percentage is one of the most carefully watched measures of profitability.
• B)Merchandising companies strive to increase the gross profit percentage.
• C)For most companies, the gross profit percentage changes little from year to year.
• D)All of the above are true.

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Definitions:

Financialization

The increasing importance and dominance of financial markets, financial motives, financial institutions, and financial elites in the economy.

Global Strategy

A comprehensive plan developed by businesses or organizations to operate and compete on an international scale.

Coordination

The organization of different elements or activities in a systematic way to ensure efficient operation and achieve desired outcomes.

Comparative Advantage

An economic theory suggesting that countries or entities gain and benefit from trading if they specialize in producing goods for which they have a lower opportunity cost.