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Substances that are naturally produced by certain microorganisms that can inhibit or destroy other microorganisms are called
Gross Profit Rate
The gross profit rate, or gross margin, is the percentage of revenue that exceeds the cost of goods sold, which indicates the efficiency of a company in producing and selling its products.
Retail Inventory Method
An inventory valuation method used in retail, estimating inventory value by relating the end inventory cost to the sales cost.
Ending Inventory
The total value of all inventory items that a business has in stock at the end of an accounting period.
Cost of Goods Sold
The immediate expenses related to manufacturing goods for sale in a business, which encompass both materials and labor costs.
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