• 2022-06-06
    Which ONE of the following is not a valid reason for a decrease in gross profit margin?
    A: A major customer renewed their contract during the year following a competitive tender process
    B: New plant and equipment used in the manufacturing process has been purchased in the year, which has increased the depreciation expense
    C: Delivery costs to customers have risen following an increase in the rates charged by couriers
    D: A national recession has led to sales prices being cut in response
  • C
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