Gross Profit Rate Is Equal To

question 73

Multiple Choice

Gross profit rate is equal to:

• A)Net sales divided by gross profit.
• B)Gross sales divided by gross profit.
• C)Gross profit divided by net sales.
• D)Gross profit divided by gross sales.

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Definitions:

IKEA

A multinational conglomerate known for its ready-to-assemble furniture, kitchen appliances, and home accessories, recognized for its cost-efficient products and innovative supply chain practices.

CVP

Customer Value Proposition, a business or marketing statement that describes why a customer should buy a product or use a service, highlighting the unique value the product or service provides.

FedEx

A U.S.-based international courier corporation renowned for its expedited shipping service and for developing a tracking system offering immediate updates on the whereabouts of parcels.

BMC Component

An essential element of the Business Model Canvas, a strategic management tool for developing new or documenting existing business models.