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kakasveta [241]
3 years ago
11

The gross profit percentage is the ratio to watch if you are worried about increased competition. If the company lowers its pric

es to retain market share without lowering its cost of goods sold, its gross profit percentage will:_______.
Business
1 answer:
jenyasd209 [6]3 years ago
5 0

Answer:

decrease

Explanation:

As we know the gross profit is the net of sales and cost of goods sold.

Gross profit = Sales - Coast of Goods Sold

Lowering the price will decrease the sales value because sales is calculated by multiplying selling price per unit to number of units sold.

If we keep the cost of goods sold constant, then decrease in price will directly effect the gross profit and will reduce it too.

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Nutka1998 [239]

Answer:

the answer could be both yes and no. it depends on the industry and the level of the manager.

Explanation:

Managers in the tech-savy or manufacturing industries spend almost an equal amount of time with both employees, machinery and systems while managers in the services industries such as banking, finance, marketing spend most of their time among the employees and clients.

However, regardless of the industry, people management is the most critical and the vital part of a manager.  

5 0
3 years ago
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Answer:

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Explanation:

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3 years ago
Which of the following is characteristic of games of chance?
Anton [14]

Answer:

B

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3 years ago
n a free-market system, the allocation of benefits and costs is determined primarily by a. Interaction between a private party a
ivann1987 [24]

Answer:

The answer to this question is A. Interaction between a private party and another private party

Explanation:

A free market economy, otherwise known as a capitalist economy is one that is controlled by private individuals with little or no government control.

A free or capitalist system may be defined as one in which all or most means of production are owned and controlled by private individuals and in which the economic activity of the government is at minimum.

In a capitalist economic system, private individuals play greater role than the government in taking decision about on what to produce, how to produce and the distribution of what is produced.  

Hence, the allocation of benefits and costs is determined in a free market economy by  A. Interaction between a private party and another private party

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How will South Africa benefit from the BRICS membership?​
melomori [17]
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