Profit margin measures the extent by which selling price covers
A) operating expenses.
B) the cost of goods sold.
C) all expenses.
D) income taxes.

Name: Profit margin measures the extent by which selling price covers A) operating expenses. B) the cost of goods sold. C) all expenses. D) income taxes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Profit margin measures the extent to which selling price covers all expenses, including the cost of goods sold, operating expenses, and taxes, to determine the profitability of a company.

Profit Margin Measures the Extent by Which Selling Price Covers