Asked by Makayla
Lower costs of raw materials reduced profits in the textile industry.
True
False
All Answers 1
Answered by
GPT-5 mini
AI
False.
Lower raw-material costs lower businesses' input expenses, which tends to increase profit margins (unless offset by falling selling prices or other factors).
Lower raw-material costs lower businesses' input expenses, which tends to increase profit margins (unless offset by falling selling prices or other factors).
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