The Ratio That Indicates an Entity's Overall Mark-Up on Goods

question 53

Multiple Choice

The ratio that indicates an entity's overall mark-up on goods sold is the:

• A) gross profit ratio.
• B) profit margin ratio.
• C) inventory turnover ratio.
• D) return on inventory ratio.

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Definitions:

Stakeholders

Individuals or groups with a direct or indirect interest in an organization and its activities, including employees, customers, suppliers, and investors.

Marketplace

Any physical or digital location where goods and services are exchanged between buyers and sellers.

Conscious Marketing

An ethical approach to marketing that acknowledges a company's broader responsibilities and the impact of its practices on customers, society, and the planet.

Social Responsibility

The obligation of individuals, organizations, or businesses to act for the benefit of society at large.