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A retailer attempting to improve its efficiency from 40 to 50 percent reduced its operating expense budget from $600,000 to $500,000. However, its new efficiency remained at 40 percent. What happened?
A) Sales decreased from $1,000,000 to $800,000.
B) Sales decreased from $1,000,000 to $833,333.
C) Sales decreased from $1,000,000 to $900,000.
D) Sales increased from $1,000,000 to $1,200,000.
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Retail Management: A Strategic Approach

Retail Management: A Strategic Approach


Edition: 13th
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