REQUISITION Definition

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REQUISITION is a written request to buy something. Usually, once approved, the requisition is then transformed into a purchase order.

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EURO is a currency of selected European Union countries.

GROSS MARGIN is the ratio of gross profit to sales revenue. (sometimes used as a synonym for gross profit). For a manufacturer, gross margin is a measure of a companys efficiency in turning raw materials into income; for a retailer it measures their markup over wholesale. GROSS MARGIN is gross income divided by net sales, expressed as a percentage.

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