Over a two year period, Orchid Co s gross profit percentage went from 70 4 to 69 7 Which of the following could not have been the cause of this change Multiple Choice Rising product cost as a percentage of sales An increase in selling price Increased competition from a competitor Reduced selling prices

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Over a two-year period, Orchid Co.s gross profit percentage went from 70.4% to 69.7%. Which of the following could not have been the cause of

Over a two-year period, Orchid Co.s gross profit percentage went from 70.4% to 69.7%. Which of the following could not have been the cause of this change?

Multiple Choice

Rising product cost as a percentage of sales
An increase in selling price
Increased competition from a competitor
Reduced selling prices

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