The lower the ________ compared to revenue, the higher the gross profit
A) assets
B) cost of sales
C) gross margin
D) operating expenses
B
Business
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Nike provides technical specifications to a subcontractor or local manufacturer for its products. What is this arrangement called and what are its major benefits and drawbacks?
What will be an ideal response?
Business
When higher-priced competitors match lower prices of their competitors but have longer staying power because of deeper cash reserves, it leads to a(n) ________ trap
A) low-quality B) fragile-market-share C) price war D) escalator E) shallow-pockets
Business