A rising gross profit percentage indicates management's inability to control production and inventory costs.

Name: A rising gross profit percentage indicates management's inability to control production and inventory costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A rising gross profit percentage indicates that the company is generating more revenue per sale and can be a positive sign of growth and profitability. It does not necessarily indicate an inability to control production and inventory costs.

A Rising Gross Profit Percentage Indicates Management's Inability to Control