Gross Margin in a Merchandising Organization Is Considered to Be

question 165

Multiple Choice

Gross margin in a merchandising organization is considered to be

• A)the same as the contribution margin.
• B)all revenues less costs which do not change with respect to an output-related driver.
• C)all revenues less cost of goods sold.
• D)all revenues plus costs which change with respect to an output-related driver.
• E)all revenues.

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Definitions:

Fixed-Interval

A reinforcement schedule in which the first reaction is reinforced after a predetermined period, resulting in a patterned series of responses.

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed.

Fixed-Ratio

In the context of reinforcement learning, it describes a schedule where a response is reinforced only after a specified number of responses have occurred, leading to a high, steady rate of responding.

Variable-Ratio

A reinforcement schedule in which the number of responses required for a reward varies around an average, making the reinforcement unpredictable and typically leading to high and stable response rates.