Which of the following is true regarding markups and turnover?
A)High markups usually lead to high profits.
B)Speeding turnover usually decreases profits.
C)Items sold at low markups (e.g.,20 percent)cannot be profitable.
D)Depending on the industry,a stockturn rate of 1 or 2 may be quite profitable.
E)All these answers are correct.

Question

Quizplus · Accepted Answer

Lower markups can speed turnover and the stockturn rate.Whether a stockturn rate is high or low depends on the industry and the product involved.

Which of the Following Is True Regarding Markups and Turnover