A Company Reports Net Income of $70,000 and Net Sales

question 60

Multiple Choice

A company reports net income of $70,000 and net sales of $950,000. Which of the following is the rate of return on net sales?

• A) 0.05
• B) 0.20
• C) 0.07
• D) 0.66

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Definitions:

Self-preservation

The instinctual behavior to protect oneself from harm or danger, influencing personal and professional decisions.

Sales Presentation

A Sales Presentation is a formal pitch used by salespeople to introduce and sell a product or service to potential buyers, highlighting benefits and addressing objections.

Differentiating Needs And Wants

The process of distinguishing between what consumers require because it is necessary (needs) and what they desire for personal satisfaction (wants).

Product Advantages

The unique benefits or value a product offers to a customer, distinguishing it from competitor offerings.