Profit margin is a measure of the percent of a company's revenue left over after paying for its variable costs,such as wages and raw materials.

Name: Profit margin is a measure of the percent of a company's revenue left over after paying for its variable costs,such as wages and raw materials.
Brand: Quizplus
Rating: 4.8 (29 reviews)

Question

Quizplus · Accepted Answer

Profit margin measures the percentage of revenue remaining after all expenses, both variable and fixed costs (like rent, salaries, and utilities), have been deducted, not just variable costs.

Profit Margin Is a Measure of the Percent of a Company's