If a company achieves a small increase in its gross profit percentage from one year to the next,the company:

Name: If a company achieves a small increase in its gross profit percentage from one year to the next,the company:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Increasing the gross profit percentage does not necessarily mean that the company has increased its sales revenue or net income. It could be due to a decrease in the cost of goods sold, which does not require a volume increase. Therefore, option D is the best choice.

If a Company Achieves a Small Increase in Its Gross