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A Company Earned $3,000 in Net Income for October

question 46

Multiple Choice

A company earned $3,000 in net income for October. Its net sales for October were $10,000. Its profit margin is:


Definitions:

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its competitors, leading to a favorable market position.

Transformation Process

The series of actions and operations that convert inputs into outputs, creating products or services in an organization.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Technology

The application of scientific knowledge for practical purposes, particularly in industry, through inventions, machinery, and software.

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