Which of the Following Scenarios Is Consistent with an Increasing

question 87

Multiple Choice

Which of the following scenarios is consistent with an increasing cost of goods sold to sales percentage and increasing inventory turnover?

• A) Firm raises prices to increase its gross margin but inventory sells more slowly.
• B) Weak economic conditions lead to reduced demand for a firm's products, necessitating price reductions to move goods.
• C) Strong economic conditions lead to increased demand for a firm's products, allowing price increases.
• D) Firm shifts its product mix toward lower margin, faster moving products.

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Definitions:

Markup

The amount added to the cost price of goods to cover overhead and profit, expressed as a percentage of the cost.

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from the total revenue.

Net Profit

The amount of money remaining after all operating expenses, interest, taxes, and dividends have been deducted from total revenue.

Zone Price

The price based on geographic location or zone of customers.