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Which of the following explanations of a decline in the gross profit margin of a firm is most probably false? The firm's sales mix had
Which of the following explanations of a decline in the gross profit margin of a firm is most probably false?
The firm's sales mix had a greater proportion of products with higher markups sold
B The firm may have intentionally reduced margins in order to increase sales volume.
The firm probably did not pass on inflationary increases in cost of sales to customers.
D The margin may have been reduced to maintain current sales level in the face of increased competition.
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