T Co's Gross Profit Percentage Has Been Increasing in the Three

question 175

Multiple Choice

T Co's gross profit percentage has been increasing in the three years from 20X1 through 20X3 from 36.5% to 39.8%. This change has most likely been caused by which of the following?

• A) Higher product costs
• B) Selling products with lower margins
• C) Selling products for higher prices
• D) Discounted prices

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Definitions:

State/welfare capitalism

An economic system where the state undertakes commercial (i.e., for-profit) economic activity and where the welfare policies protect and benefit the economic and social well-being of the population.

Conflict theorists

Sociologists who focus on the power differentials and struggles between various social classes, often analyzing the causes and consequences of conflict in society.

Proletariat

A term used in Marxist theory to describe the class of workers who do not own the means of production and must sell their labor to survive.

Bourgeoisie

a class of people in a capitalist society who own the means of production and thus have economic and social power over the working class or proletariat.