Regarding markups and turnover:
A) high markups usually lead to high profits.
B) speeding turnover usually decreases profits.
C) items sold at low markups (e.g., 20 percent) cannot be profitable.
D) depending on the industry--a stockturn rate of 1 or 2 may be quite profitable.
E) All of the above.

Question

Quizplus · Accepted Answer

The statement in option D is true as it depends on the industry. In some industries, a stockturn rate of 1 or 2 can still be profitable. The other statements are incorrect - high markups may not necessarily lead to high profits, speeding turnover can increase profits, and items sold at low markups can still be profitable depending on the volume of sales.

Regarding Markups and Turnover