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Gross Margin [GM]

“The difference between selling price and COGS, often expressed as a percentage.”

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Tags: Business


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Related Terms:
  • Glossary: Cost of Goods Sold
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Safety is an emergent property of systems; it does not reside in a person, device or department of an organization or system. Safety cannot be purchased or manufactured; it is not a feature that is separate from the other components of the system. This means that safety cannot be manipulated like a feedstock or raw material. The state of safety in any system is always dynamic; continuous systemic change insures that hazard and its management are constantly changing.Richard Cook
How Complex Systems Fail

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