Explanation:
Challenge 1: Changes in how buyers buy.
Challenge 2: Competition.
Challenge 3: Need for top talent.
Challenge 4: Competing on price only.
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Answer:
B. The difference between sales revenues and the costs associated with those sales
Explanation:
The amount of profit made by the company after deducting the total costs which have been incurred in the making and the selling of the product is said to be gross profit. The gross profit is calculated by subtracting the amount of revenue and the cost of the goods sold. Fixed cost is not included in the gross profit. It includes only variable costs.
