Question: According to the strategic profit model, a decrease in purchase costs (all else equal) will result in which of the following? A decrease in profit

According to the strategic profit model, a decrease in purchase costs (all else equal) will result in which of the following? A decrease in profit margins and an increase in asset turnover An increase in profit margins and a decrease in asset turnover An increase in profit margins and an increase in asset turnover A decrease in profit margins and a decrease in asset turnover

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