Gross margin declined from 37% during full year 2004 to 35% in the first half of 2005 due to raw material cost increases, exchange rates differences, volume discounts and, in particular, product mix effects.
What does M/X stand for?
M/X stands for Mix Effects
This definition appears rarely and is found in the following Acronym Finder categories:
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Samples in periodicals archive:
The strength of our brands, leading positions in many markets and improving mix effects underpin our position as one of the leaders in the brewing industry, with a strong business portfolio, well balanced between established and developing markets," chief executive Graham Mackay said.
For California and Rhode Island the industry mix effects were positive, indicating that their exports were relatively more concentrated in industries whose exports were rising faster than the national average for all manufacturing exports.