Any increase in unit product cost must result in a decreased profit margin if the selling price of the product cannot be:

Name: Any increase in unit product cost must result in a decreased profit margin if the selling price of the product cannot be:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the selling price of the product cannot be increased to offset the higher unit product cost, the profit margin will decrease because the cost of producing the product has gone up without an increase in revenue from sales.

Any Increase in Unit Product Cost Must Result in a Decreased