What does the gross profit percentage measure? How is it computed?
What will be an ideal response
The gross profit percentage measures the profitability of each sales dollar above the cost of goods sold. Gross profit percentage equals gross profit divided by net sales revenue.
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According to the long tail approach to selling, ________
A) the Internet provides reduced opportunities for segmenting markets B) companies can make the most money by focusing on the "bottom-of-pyramid" market C) companies should focus on the 20 percent of customers who purchase the greatest volume of their product D) companies should focus on the 80 percent of customers who purchase the greatest volume of their product E) companies can make money by selling small amounts of items that only a few people want
A chi-square test for independence with 8 degrees of freedom results in a test statistic of 18.21. Using the chi-square table, the most accurate statement that can be made about the p-value for this test is that:
A) p-value < 0.01 B) 0.01< p-value < 0.025 C) 0.025 < p-value < 0.05 D) 0.05 < p-value < 0.10