A gross margin is the difference between total revenue earned by the enterprise and variable (direct) costs?
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Solution 1
Yes, that's correct. Gross margin is the difference between total revenue earned by a business and its direct costs, also known as variable costs. These direct costs include the cost of producing or purchasing the goods sold by the business. The gross margin is usually expressed as a percentage of t Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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