The text defines profit as ________.
A) A positive gain from operations after all expenses are subtracted
B) A positive gain from operations before all expenses are subtracted
C) A positive gain from operations after fixed expenses are subtracted
D) A negative loss from operations after all expenses are subtracted
E) None of the above
Question 2
It is common for ________ businesses to use a meet-or-beat-the-competition pricing strategy, which entails constantly matching or undercutting the pricing of your competition.
A) Service
B) Manufacturing
C) Distribution
D) All of the above
E) None of the above
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