Accounting for IGCSE & O level - Final Statements (Section 3 - No. 21)
If a department has a high gross profit margin, what does that indicate?
The department has low sales revenue.
The department is selling goods at a high profit relative to their cost.
The department has high operating expenses.
The department is experiencing a net loss.
ব্যাখ্যা
High gross profit margins indicate a profitable business.