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Which of the following statements are true? E Gross margin reflects the ability of a wholesaler - to price products. Retailers have an entire category
Which of the following statements are true?
E
Gross margin reflects the ability of a wholesalerto price products.
Retailers have an entire category of amounts that do not appear on service company income statements.
Efficiency in operations is measured by considering a retailer's cost of goods sold.
Cost of goods sold for a wholesaler includes costs required to sell them, such as salaries of salespeople.
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