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Which of the following is not a valid reason for a decrease in gross profit margin?Review LaterMajor customer renewed their contract during the year following

Which of the following is not a valid reason for a decrease in gross profit margin?Review LaterMajor customer renewed their contract during the year following a competitive tender processNew plant and equipment used in the manufacturing process has been purchased in the year, which has increased thedepreciation expenseDelivery costs to customers have risen following an increase in the rates charged by couriersA national recession has led to sales prices being cut in response

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