Question

_____ is the difference between the price of a good and the cost to make the good, on a per product basis; and, it is usually expressed as a percentage.

a. Incremental profit
b. Net income
c. Profit margin
d. Gross margin

Answer 1

The correct answer for this question is "c. Profit margin." According to the question, Profit margin is the difference between the price of a good and the cost to make the good, on a per product basis; and, it is usually expressed as a percentage.