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Questions and Answers
What is the primary objective of any business, whether retail or wholesale?
What is the primary objective of any business, whether retail or wholesale?
- To earn a profit (correct)
- To minimize costs
- To maximize sales
- To provide excellent customer service
What is the expected outcome of Rodrigo's business venture?
What is the expected outcome of Rodrigo's business venture?
- Uncertain outcome
- Loss
- Profit (correct)
- Break-even
What is the main purpose of computing the gross profit?
What is the main purpose of computing the gross profit?
- To calculate the revenue
- To determine the cost of sales
- To determine the profitability of the business (correct)
- To calculate the net sales
What is the formula to compute the gross profit?
What is the formula to compute the gross profit?
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How many perfume bottles are in each box?
How many perfume bottles are in each box?
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What is the cost of each box of perfumes?
What is the cost of each box of perfumes?
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What is the selling price of each perfume bottle?
What is the selling price of each perfume bottle?
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What is the purpose of market research in business?
What is the purpose of market research in business?
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What is a key entrepreneurial skill for Rodrigo's business?
What is a key entrepreneurial skill for Rodrigo's business?
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What is an essential principle of entrepreneurship?
What is an essential principle of entrepreneurship?
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