On What Does the Adequacy of the Gross Profit Margin

question 8

Multiple Choice

On what does the adequacy of the gross profit margin depend?

• A)Selling price
• B)Buying price
• C)Total expenses
• D)Both A and B

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Definitions:

Downsizing

The elimination of a significant number of employees from an organization.

Staffing

The hiring of people to carry out the work of the organization.

Organizing

The structuring of resources and activities to accomplish objectives in an efficient and effective manner.