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In an A-B split marketing experiment, both groups are exposed to the same ad or product, and then the marketer asks each group different questions about the ad or product to study the difference in responses.
Cost of Merchandise Sold
An expense account that reflects the direct costs associated with the goods sold by a company during an accounting period.
Equation
A mathematical statement that asserts the equality of two expressions, represented by the symbol "=".
Gross Profit
Sales minus the cost of merchandise sold.
Owner's Equity
The residual interest in the assets of a company after deducting liabilities.
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