The Conversion Ratio Is Computed as __________ Divided by __________

question 75

Multiple Choice

The conversion ratio is computed as __________ divided by __________.

• A) net income; total sales
• B) purchase orders; total sales
• C) purchase orders; customer inquiries
• D) net income; gross income
• E) customer inquiries; purchase orders

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Definitions:

Market Share

The percentage of an industry's sales that a particular company controls.

Substitutable Products

Goods or services that can serve as replacements for each other; demand for one increases when the price of the other increases.

Sold

The past tense of sell, indicating that an item or service has been exchanged for money or its equivalent.

Price Fixing

An unlawful agreement between competitors to establish, raise, or maintain prices at a certain level, often aimed at maximizing profits by eliminating competition.