ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True or False:Net profit is greater than gross profit.
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T
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F
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Gross profit is the sales income minus the direct costs of getting the article to sale. Net profit is the sales income minus all the business costs. This is often shown as the formula: Sales-Direct costs = Gross profit-Overheads = Net profits.
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