7
QuizMultiple Choice

Business Income Statements

Question 7 • FowU - Financial Math - B

Bill owns a company (Bill's Gates) that manufactures fence panels. Bill's Gates had a gross profit margin last quarter of 33%. Which of the following actions would allow Bill to increase his gross profit margin this quarter, assuming he sells the same number of fence panels?

Answer
A
Increase the price per panel.
B
Decrease the price per panel.
C
Spend more on labor and production.
D
Spend less on labor and production.
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