DESIGNATED Definition

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DESIGNATED is something selected or named for a duty, e.g., designated receipts.

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FIELD TRIAL is a test of the performance of a new product under the conditions under which it is intended be used.

GROSS PROFIT MARGIN ANALYSIS indicates what the companys pricing policy is and what the true mark-up margins are. Calculated by: Revenue - Cost of Goods Sold / Revenue. See GROSS PROFIT MARGIN ON SALES for more in-depth definition.

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