If a firm can reduce its cost of goods sold and continue to sell its product for the same price,we would expect the firm to enjoy an increase in its ________.

Name: If a firm can reduce its cost of goods sold and continue to sell its product for the same price,we would expect the firm to enjoy an increase in its ________.
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Question

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Cost of goods sold is a component of calculating gross margin. If a firm reduces its cost of goods sold, its gross margin will increase.

If a Firm Can Reduce Its Cost of Goods Sold