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Minimise expenses and reduced fixed costs are to reduce net profitability, not gross profitability. Gross profitability is Sales - COGS

That's still net profitability not cost of goods sold.

Here are the answers: 1. D 2. C 3. A 4. B 5. C 6. Awaiting confirmation 7. A 8. A 9. B 10. C 11. C 12. B 13. D 14. C 15. D 16. A 17. A 18. D 19. D 20. B I got 18 or 19 depending on whether marketing approach is right.

A B and C affect net profitability rather than gross profitability and D is a working capital management strategy.

Q20 is definitely B. Aus. producers selling wine are affected because NZ is less inclined to buy it because it's now more expensive, due to the rise of the Aus. dollar. I'm still yet to be convinced on 6. I put marketing.