Multiple Choice
Regarding markups and turnover:
A) high markups usually lead to high profits.
B) speeding turnover usually decreases profits.
C) items sold at low markups (e.g., 20 percent) cannot be profitable.
D) depending on the industry--a stockturn rate of 1 or 2 may be quite profitable.
E) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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