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Which of the Following Grew Out of the Convergence of the Increased

question 9

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Which of the following grew out of the convergence of the increased speed and turbulence of doing business in the late 1980s and early 1990s and the ready availability of high-powered,computer-based tools to support systems development and easy maintenance?


Definitions:

Gross Profit Margin

A financial metric that indicates the percentage of revenue that exceeds the cost of goods sold, showing the financial health and profitability of a company's core activities.

Gross Profit Percentage

A financial ratio that compares the gross profit of a business to its net sales, expressed as a percentage.

Net Sales

The revenue from sales of goods or services after subtracting returns, allowances for damaged or missing goods, and discounts.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

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