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What does gross profit show about a product?
A
Whether the business has enough cash, after customers have paid.
B
Whether the whole business makes money, after running costs are deducted.
C
Whether the product itself makes money, before running costs are deducted.
D
Whether the product sells the most units, compared with competing products.
Card 1 of 26
2.4.1a Gross and net profit Flashcards
26 flashcards on Edexcel GCSE Business 2.4.1a Gross and net profit: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.