Gross Margin on Sales or Price Per Unit Would Be

question 57

Multiple Choice

Gross margin on sales or price per unit would be the appropriate measurement if the goal is _____.

• A) increased sales growth
• B) improved account retention
• C) profit improvement
• D) greater emphasis on quality

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Definitions:

Revenue Account

An account that tracks the income generated from normal business operations over a certain period.

Sales Taxes

Taxes imposed by governments on the sale of goods and services, collected by retailers and passed on to tax authorities.

Product Service

A term typically referring to the offering or provision of products and services by a business.

Refund Liability

An obligation recorded by a company to reflect anticipated refunds to customers for returned or unsatisfactory products.