Author Question: Gross margin can be defined as: a. net sales minus the cost of the goods sold. b. the selling price ... (Read 55 times)

rosent76 · **on:** Jun 29, 2018

Gross margin can be defined as:
a. net sales minus the cost of the goods sold.
b. the selling price charged for a piece of merchandise or a service plus variable operating expenses.
c. the difference between total profits and total expenses.
d. the cost of merchandise in a retailer's inventory.
e. the cost of goods sold at less operating expenses.

Question 2

A market is considered understored when the number of stores is less than the current demand of the market.

Indicate whether the statement is true or false