What Ratio Should a Retailer Use to Best Compare the Performance

question 69

Multiple Choice

What ratio should a retailer use to best compare the performance of cashmere sweaters versus cotton sweaters?

• A) Cost of goods sold percent
• B) Gross margin percent
• C) Operating expense percent
• D) Fixed expense percent
• E) Variable expense percent

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Definitions:

In-house System

An in-house system is a software or technological solution developed by an organization's own IT department for use within the same organization, rather than purchasing or outsourcing from external vendors.

Benefits Specialist

A human resources professional who focuses on managing and administering employee benefits programs, such as health insurance, retirement plans, and leave policies.

Professional Benefits Vendor

A company that specializes in providing services related to employee benefits, such as retirement plans or health insurance.

Employee Absenteeism

The frequent absence of an employee from work, which can be voluntary or involuntary, but affects the productivity and efficiency of the workplace.