Which of the Following Scenarios Is Consistent with a Increasing

question 60

Multiple Choice

Which of the following scenarios is consistent with a increasing cost of goods sold to sales percentage and increasing inventory turnover

• A) Firm raises prices to increase its gross margin but inventory sells more slowly.
• B) Weak economic conditions lead to reduced demand for a firm's products, necessitating price reductions to move goods.
• C) Strong economic conditions lead to increased demand for a firm's products, allowing price increases.
• D) Firm shifts its product mix toward lower margin, faster moving products.

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Technology Familiarity

The extent to which individuals or organizations are comfortable with and knowledgeable about the use of technological tools and systems.

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