To increase their gross profit margin, a company should decrease their cost of goods sold.

Name: To increase their gross profit margin, a company should decrease their cost of goods sold.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Decreasing the cost of goods sold (COGS) directly increases the gross profit margin by reducing the costs associated with producing goods, thereby increasing the difference between the revenue generated from sales and the cost of goods sold.

To Increase Their Gross Profit Margin, a Company Should Decrease