Profit Margin Is the Gap Between the Cost and the Price

question 66

True/False

Profit margin is the gap between the cost and the price of an item on a per product basis.

---

Definitions:

Soviet Union

A federal socialist state in Eastern Europe and Asia, existing from 1922 to 1991, and was a major player in global affairs.

Foreign Policy

A government's strategy in dealing with other nations, including diplomacy, military action, and other interactions.

1972 Summit

A significant series of meetings during the Cold War, particularly referring to the historic Summit Series ice hockey competition between Canada and the Soviet Union.

China

A vast East Asian country with a rich history, diverse culture, and the world's largest population.