The gross profit rate usually is lowest on fast moving merchandise and highest on specialty and novelty products.

Name: The gross profit rate usually is lowest on fast moving merchandise and highest on specialty and novelty products.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Fast moving merchandise typically operates on lower margins due to high volume sales and competition, while specialty and novelty products can command higher margins due to their unique value proposition and lower volume.

The Gross Profit Rate Usually Is Lowest on Fast Moving