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Sagot :
Sales less the cost of goods sold equals gross profit margin (GP) (COGS)
A decline in GP will indicate:
a) Sales decreased while COGS stayed roughly the same, or
b) Sales are roughly flat while COGS increased;
c) Sales increased, however COGS increased at a quicker rate than the rate of sales;
d) Sales decreased more quickly than the rate at which COGS decreased.
The goal of the strategy to raise GP is to maintain or reduce COGS while raising total sales or the selling price of your goods and services.
You must raise the standard and variety of all your goods and services in addition to the number of your sales in order to accomplish the aforementioned. Search for alternate suppliers and sources for your products at the same time to cut prices while improving quality. Perhaps you can find alternatives that would offer your customers the same or even better benefits while costing you less overall and of higher overall quality.
To know more about gross margin percentage : https://brainly.com/question/8189926
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The correct question is:
What are the causes of a decrease in a gross profit margin?
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