In a Merchandising Business,gross Margin Is Equal to Sales Revenue

question 102

Multiple Choice

In a merchandising business,gross margin is equal to sales revenue minus:

• A) the sum of cost of goods sold, operating expenses, and prepaid expenses
• B) the sum of cost of goods sold and operating expenses
• C) cost of goods sold
• D) the sum of cost of goods sold and sales commissions

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Definitions:

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A verbal presentation of information or findings typically delivered in a formal or structured setting.

Oral Briefings

Verbal presentations provided to inform or update a group or individual on specific topics or situations.

Formal

Pertains to actions, events, or situations that follow established conventions, protocols, or etiquette, often characterized by a serious or official tone.

Rhetorical Question

A question asked more to produce an effect or make a statement rather than to elicit an answer.